Multiverse
-70%
est. 2Y upside i
Multiverse is an educational tech startup that seeks to provide an alternative to university training. Multiverse ensures young people have access to the best career-focused apprenticeships on offer.
Rank
#3492
Sector
EdTech / HRTech / Workforce Training
Est. Liquidity
~3Y
Data Quality
Data: MediumEquity upside is deeply negative with expected loss of ~70% over 2 years due to extreme multiple compression from a frothy $2.1B valuation (15.25x revenue) to public comp multiples.
Last updated: July 3, 2026
IPO window opens within 12 months, category leadership sustains current revenue multiple of ~15x; projected 24mo revenue of $211M gives exit value ~$3.17B. After 15% dilution haircut, net upside ~36%.
Multiple compresses to public comp range around 4x forward revenue as growth decelerates; exit value ~$844M. Dilution reduces common stake; net downside ~75%.
Multiple falls to 2x, exit value ~$422M below $570M preference overhang; common stock worthless. Incumbent threat and missing profitability exacerbate compression.
Preference Stack Risk
highFunding Intensity
2710%Total funding $570M equals 27% of current $2.1B valuation; common stock is subordinate to $570M liquidation preference.
Dilution Risk
moderateRecent $70M raise in May 2026 suggests ~2 years runway; another round likely within 24 months, diluting common by ~15%.
Secondary Liquidity
noneNo secondary market activity noted; liquidity likely via IPO or acquisition.
Operations — 12 roles
- AI Coach · Remote (UK)
- AI Solutions Engineer · London
- Assessments Manager · London
- +9 more →
Engineering — 9 roles
- Applied AI Engineer · London
- IT Technical Lead · London
- Privacy and Data Protection Specialist (6M FTC) · London
- +6 more →
Sales — 7 roles
Learning — 5 roles
- AI Learning Architect · London
- AI Staff Engineer · London
- Portfolio Lead · London
- +2 more →
Product — 2 roles
- Senior Front End Engineer · London
- Senior Product Designer · London
CEO Office — 1 role
- AI Solutions Engineer (Staff) · London
Customer Impact — 1 role
- Client Value Partner · London
Data & Insight — 1 role
- Analytics Engineer · London
Finance — 1 role
- FP&A Analyst · London
G&A — 1 role
- AI Strategy & Transformation Lead · London
Marketing — 1 role
People & Talent — 1 role
- Senior People Partner (12-month FTC) · London
Last updated: March 10, 2026
Questions to Ask at the Interview
Strategic questions based on Multiverse's data — designed to show you've done your homework.
- 1
“How does Multiverse plan to sustain 36% growth against big tech incumbents like LinkedIn Learning?”
- 2
“What is the path to profitability and how does that affect the need for future funding?”
- 3
“Given the $570M preference stack, how will common stock value be protected in a down round or below-$2B exit?”
Community
Valuation Sentiment
Our model estimates -70% upside. What do you think?
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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.