Tony Blair’s son’s education company valued at an estimated £147MILLION

AN education start-up co-founded by ex-PM’s son Euan Blair has been valued at an estimated £147million.

Multiverse, which has changed its name from White Hat, has raised £32million from investors to expand.

It gives young people an alternative to university by matching them with company apprenticeships. 

Euan, 37, was a child when dad Tony became Labour PM and prioritised “education, education, education”.

He set ambitious targets for university attendance.

But son Euan believes the model of going to university and then receiving sporadic training is “fundamentally broken”.

Multiverse has more than 300 clients in Europe, including Facebook, Morgan Stanley and KPMG. 

Last year it tripled the number of apprentices it trains to more than 2,000. The company now plans to open a New York office and hire a further 200 staff.

The latest funding round was led by General Catalyst and included Google Ventures. 

Joel Cutler, of General Catalyst, said: “Euan and his team at Multiverse are building a path for ambitious people to land quality, career-enhancing jobs.”