An education company founded by Euan Blair, son of the former prime minister Tony Blair, has been valued at $1.7bn (£1.4bn) after its latest fundraising.
The investment in Multiverse gives the 38-year-old a paper fortune of between $425m and $850m, while doubling the valuation of the business in less than a year. The company helps young people in the UK and US who have not been to university find apprenticeships with companies and access training.
“There has never been a more pressing time to create an alternative to university education that is equitable and inclusive and there is an incredible opportunity before us to change the status quo with apprenticeships,” said Blair, Multiverse’s CEO. “This funding will help us bring more people without degrees or in need of reskilling into tech careers and ultimately create a more diverse group of future leaders.”
