Fundz

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

PRIVATESep 29, 2023

Amount Raised

$40 Million

Round Type

Funding Round

New YorkSoftwareEducationinformation technology & services

Investors

AlbumJp Morgan Chase Impact Finance And AdvisoryLumos Capital GroupAkkadian VenturesSpring Tide CapitalFirework VenturesTransfrABS 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. 

Quick answer

Transfr raised $40 Million in a Funding Round round, dated September 29, 2023. Investors: Album, Jp Morgan Chase Impact Finance And Advisory, Lumos Capital Group, Akkadian Ventures, Spring Tide Capital, Firework Ventures, Transfr and ABS Capital. Transfr is based in New York, New York, United States.

How much did Transfr raise?
Transfr raised $40 Million in a Funding Round round on September 29, 2023.
Who invested in Transfr?
Album, Jp Morgan Chase Impact Finance And Advisory, Lumos Capital Group, Akkadian Ventures, Spring Tide Capital, Firework Ventures, Transfr and ABS Capital are named as investors in this round.
What does Transfr do?
At Transfr, we’re on a mission to make learning more intuitive by helping individuals develop the skills they need for career success.
Where is Transfr based and how big is it?
Transfr is based in New York, New York, United States. Fundz records about 260 employees.
Who are the decision-makers at Transfr?
Fundz holds 1 contact at Transfr. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Education and information technology & services around the same time

Companies in the same sectors as Transfr that raised within 45 days of this round, from Fundz verified event records.

  • Modal raised $16M (Funding Round) on October 10, 2023.
  • Divergent raised $230M (Series D) on November 13, 2023.
  • Databricks raised an undisclosed amount (Series G+) on November 10, 2023.
  • ROLLER raised $50M (Funding Round) on November 9, 2023.
  • Databricks raised $1.6B on November 3, 2023.
  • Cranium Al raised $25M (Series A) on October 26, 2023.

Who to call at Transfr, and when

A new round usually means Transfr is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Transfr

Location

315 Park Avenue South

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.

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Transfr raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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