Transfr, a NYC-based company which specializes in virtual reality-based skills training for middle-skilled careers, raised $40M in Series C Growth funding.
The round, which brought the total amount to $90M, was led by ABS Capital with participation from JPMorgan Chase Impact Finance and Advisory and existing investors Lumos Capital Group, who led the Series B; Akkadian Ventures, Spring Tide Capital, and Firework Ventures, who led the Series A; and Album, who led the Series Seed. ABS Capital Partners Phil Clough will join Transfr’s board of directors, and Jennifer Krusius, also a Partner at ABS Capital, will serve as a board observer.
The company intends to use the funds to further build out its executive leadership team and scale its platform and impact, developing new training simulations that cover a wider range of skills and scenarios, as well as to enhance existing ones with more features, including offering training in Spanish.
Led by CEO and Founder Bharani Rajakumar, Transfr provides hands-on and immersive-simulation training for in-demand careers that give real-world experience in the skills needed for job success, development, and retention. Using a headset, trainees are guided through simulations by a digital coach to engage in career exploration, job training, and practice and assessment use cases. Its platform promotes ever-improving quality and lower development costs of VR simulations.
Transfr is now deployed in over 1,000 locations nationwide, including community colleges, trade schools, employers, prisons, and K-12 schools across Automotive, Aviation, Construction, Diesel, Electrical, Hospitality and Tourism, Manufacturing, and Healthcare.
Transfr, a NYC-based company which specializes in virtual reality-based skills training for middle-skilled careers, raised $40M in Series C Growth funding. Best wishes to everyone in the group. This will be a huge accomplishment for them in the future.
Shishir Gupta, The Founder & CEO of StartupLanes
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