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Transfr

EdTech: K-12
EdTech: Corporate Learning
Extended Reality
Product stageSegments
Growth
?
Extra-curricular learning; college and career readiness
?

Transfr VR produces virtual reality (VR) simulations for on-the-job training. These simulations act like virtual coaches, adapting to the individual's pace and skills, and responding to mistakes. The company charges its customers a software-as-a-service licensing fee for access to its software which grants access to a library of work simulations, and VR training tools can be customized for each different customer.

Key customers and partnerships

In January 2021 it was reported that Transfr VR is collaborating with Brightline Defense, an environmental justice nonprofit, and CityBuild Academy, a San Francisco jobs training program, to launch a free, citywide program to make construction job training more accessible to young adults aged 18 to 21 with a focus on high school seniors. Using Oculus VR headsets, students use a custom version of the TRANSFR app to gain a 360-degree view of a construction jobsite and learn basic skills such as workplace safety, tool identification, and the use of personal protective equipment.

Funding and financials

In September 2023, Transfr raised USD 40 million in a Series C growth funding round led by ABS Capital. The funding will be used to expand its executive leadership team, scale its platform, and develop new training stimulations.

EdTech: K-12

EdTech: K-12

Key stats
Featured companies
241
Total funding (USD)
18.8 Bn
Total addressable market (USD)
43.7 Bn
Key competitors
 
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Product Overview
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Product Metrics
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Company profile
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EDGE Insights

XR and MEP (Q4 2023): XR GenAI adoption accelerates alongside funding rebound
XR and MEP (Q3 2023): Product improvements continue despite stagnant funding
Talespin teardown: Adding an alternate reality to corporate learning
Corporate learning: On a mission to engage

Recent Updates

Product updates
Dec 5, 2023
Transfr unveils Transfr SDK to improve education through XR training simulations
EdTech: Corporate Learning
Funding
Management news
Industry news
Product updates
Partnerships
M&A
Geographic expansion
Nov 1, 2023
Monthly News Summary (October 2023)
EdTech: K-12
Funding
Sep 30, 2023
Transfr secures USD 40 million in growth funding round
EdTech: Corporate Learning
Funding
Sep 28, 2023
VR training platform Transfr raises USD 40 million in Series C funding
Extended Reality
Funding
Jun 16, 2022
Transfr VR raises USD 35 million in Series B funding
Extended Reality
Funding
Jun 16, 2022
Transfr VR raises USD 35 million in Series B funding for expansion
EdTech: K-12

Company Brief


HQ location:
404 5th Ave 4th floor New York NY USA
Founded year:
2017
Employees:
101-250
Total Funding:
USD 87.0 million
Last Funding
USD 40.0 million, Sep 2023

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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