Nakul brings venture capital experience from Audacious Ventures and Lightspeed Venture Partners. He also serves as a board member and lead investor at Multiverse and People.ai.
Rytis brings venture capital experience from roles at DIG Ventures and Lightspeed Venture Partners. He also holds advisory and board positions across several technology companies.
Gaurav is a partner at Lightspeed and a board director at Redpanda Data, Resilience, and Ragazzi Boys Chorus. He previously held product roles at Splunk and Elastic.
Nicole is Managing Partner and Co-Founder at Connect Ventures, alongside a role as Venture Partner at Lightspeed Venture Partners. Her governance experience includes board seats at Calm, Lunchclub, and Haus Laboratories.
Mike serves as a general partner at Union Square Ventures and co-founded Anchor and Oboe. He previously held roles at Lightspeed Venture Partners, Spotify, and Adobe.
The strategic funding round values the workforce transformation company at $2.1bn.
"There are companies who desperately need the benefits AI can bring. There are AI companies. What has been missing is the layer that bridges the two. This investment marks the moment Multiverse defines that category, and takes it across Europe. Getting outcomes from AI and unlocking productivity is not just a technology problem. It is a people problem. We exist to solve it,"
The British Business Bank and the Sovereign AI Fund have backed the artificial intelligence developer in a record-setting seed round.
"David Silver is a generational talent who has consistently been on the cutting edge of AI development. Ineffable Intelligence has the potential to produce a paradigm shift in our scientific and technology landscape, and we are incredibly excited to be supporting him and his team in this endeavour."
— Charlotte Lawrence, Managing Director of Direct Equity
The oversubscribed round included participation from Hitachi Ventures, Voyager Ventures, and Schroders Capital, alongside existing investors.
"Energy underpins every industry in the world, and yet no one has succeeded in course-correcting the fundamentally flawed way the markets work. For decades, the industry has tried to patch over the costly inefficiency of energy transactions with new utility brands and new promises. The real opportunity in energy looks a lot like what fintech did to banking: rebuild the core infrastructure, then let innovation explode on top of it."
The funding round was led by Lightspeed Venture Partners and MMC Ventures to accelerate expansion into financial institutions.
"Compliance should be a growth enabler, not a bottleneck. Our vision is an agentic onboarding solution that fully automates KYB checks. We designed Condukt as an always-on nervous system that lives and breathes real-time data. By combining this proprietary data infrastructure with AI agents, we eliminate repetitive checks and ensure compliance keeps pace with any business change."