AN EDUCATION start-up co-founded by ex-PM’s son Euan Blair has been valued at an estimated £147million.
Multiverse, which has changed its name from White Hat, has raised £32million from investors to expand.
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Euan on the steps of Downing Street with his mother, father and siblings Nicholas and KathrynCredit: Times Newspapers Ltd
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Euan Blair, co-founder & CEO of education start-up White Hat, now called Multiverse, with co-founder Sophie AdelmanCredit: Collect
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It gives young people an alternative to university by matching them with company apprenticeships.
It also means the 37-year-old could be richer than his former Labour Prime Minister father, who had an estimated wealth of around £60m in 2015, according to The Daily Telegraph.
Multiverse raises $44m to fuel apprenticeship scheme expansion
Multiverse was co-founded in 2016 by Euan Blair
A London startup founded by Tony Blair’s son has raised $44m (£32m) to help fuel expansion of its tech and leadership apprenticeship schemes.
Multiverse, whose training programmes are billed as an alternative to traditional university education, has pursued rapid growth over the last year, tripling its number of apprentices to more than 2,000.
The company will use the fresh cash injection to hire 200 new employees across the UK in 2021, and will launch in New York this month.
Multiverse, which was founded in 2016 by Euan Blair and tech entrepreneur Sophie Adelman, already boasts more than 300 clients in Europe, including Facebook, Morgan Stanley and KPMG.