Euan Blair’s edtech firm Multiverse reports sixth straight year of losses
by Rupert Neate Wealth correspondent from World news | The Guardian on (#67FET)
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.
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