Euan Blair’s firm Multiverse has introduced a $220m funding spherical that has given it a post-money valuation of $1.7bn (£1.36bn).
The determine doubles the tech schooling start-up’s valuation eight months in the past and is assumed to depart the son of former prime minister Tony Blair with a stake price round $476m.
Multiverse matches younger individuals with apprenticeship routes into work, and says it really works with greater than 500 employers to present younger individuals paths to employment aside from by means of college.
The funding will assist it develop within the US, and to broaden its vary of studying programmes to create extra profession prospects for apprentices.
Euan Blair, chief government and founding father of Multiverse, stated: “There has by no means been a extra urgent time to create a substitute for college schooling that’s equitable and inclusive and there may be an unimaginable alternative earlier than us to vary the established order with apprenticeships.
“This funding will assist us carry extra individuals with out levels or in want of re-skilling into tech careers and finally create a extra various group of future leaders.”
The corporate says two thirds of People should not have a college diploma, regardless of 65% of jobs requiring this – a scenario that Mr Blair stated is “leaving out hundreds of gifted people”.
Based within the UK in 2016, Multiverse launched within the US in January 2021.
Multiverse says it has reached greater than 8,000 apprentices globally and that 56% of its placements are individuals of color, greater than half are ladies, and 34% come from economically under-served communities.
Final week, Mr Blair was named an MBE for providers to schooling.