<ul><li>Multiverse, an online apprenticeship matching program, raised USD 220 million in a Series D funding round co-led by new investor StepStone Group and existing investors Lightspeed Venture Partners and General Catalyst. The round follows its USD 130 million Series C raise in September 2021, bringing its total funding to USD 414 million and doubling Multiverse’s post-money valuation to USD 1.7 billion. Additionally, the company reported that Youngme Moon, professor of business administration, Harvard Business School, will join Multiverse’s board of directors.</ul>

• The company intends to use the funds to expand its range of learning programs and further expand in the US. 

• Multiverse reported that it has grown 9x in two years. The growth stemmed from software engineering programs that reported an enrollment growth of 260% YoY and a completion rate of more than 85%; the financial services industry reported a growth in partners of 105% YoY. Multiverse currently serves more than 8,000 apprentices (users) across 500 companies globally, including Cisco, Verizon, Visa, and Box. The company stated that among professional apprentices, 56% comprised ethnic minorities, more than 50% were women, and 34% were from underserved communities.