New York-Based Transfr Raises $40M To Transform Vr Workforce Training

Sep 29, 2023•almost 2 years ago

Amount Raised

$40 Million

New YorkEducationSoftware

Investors

TransfrAlbumFirework VenturesSpring Tide CapitalAkkadian VenturesLumos Capital GroupJp Morgan Chase Impact Finance And AdvisoryAbs Capital

Description

US-based Transfr, a virtual reality-based skills training for middle-skilled careers has raised $40 million in Series C growth capital investment. The round was led by ABS Capital alongside JPMorgan Chase Impact Finance and Advisory, and existing investors – Lumos Capital Group, Akkadian Ventures, Spring Tide Capital, and Firework Ventures, and Album. With this, the total funding raised by Transfr to date accounts to over $90 million.

Company Information

Company

Transfr

Location

New York, New York, United States

About

At Transfr, we’re on a mission to make learning more intuitive by helping individuals develop the skills they need for career success. What began as an idea quickly transformed into a movement; Transfr is built on the understanding that we must disrupt the status quo to create a more prosperous future. We believe the future starts with innovative workplace training and hands-on skills development. We’re building bridges between schools, workplaces, and governments to make jobs more accessible and create a better tomorrow, today. Join us. We produce job-training simulations in virtual reality (VR) designed by each industry that teaches novices in the same manner that experts master their crafts - through trial and error. Data-driven simulations work like virtual coaches, adapting to every person’s pace and skills while responding to their mistakes. Our immersive Experience Training method helps trainees build confidence in their knowledge, skills and abilities.

Related People

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends