Company valued last year at £1.4bn says revenues rose almost threefold to £27m
Euan Blair’s apprenticeship company, Multiverse, made a pre-tax loss of £14.2m last year – the sixth straight year of losses since the son of the former prime minister set it up in 2016.
Despite the losses – including £10.9m in 2021 and just over £5m in 2020 – the company was awarded the coveted tech “unicorn” status when it was valued at £1.4bn in fundraising driven by US venture capital firms in June 2022.
Company valued last year at £1.4bn says revenues rose almost threefold to £27mEuan Blair’s apprenticeship company, Multiverse, made a pre-tax loss of £14.2m last year – the sixth straight year of losses since the son of the former prime minister set it up in 2016.Despite the losses – including £10.9m in 2021 and just over £5m in 2020 – the company was awarded the coveted tech “unicorn” status when it was valued at £1.4bn in fundraising driven by US venture capital firms in June 2022. Continue reading…
