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Transfr Scoops Up $40M

NEW YORK, NY, Transfr, an emerging leader in virtual reality-based skills training for middle-skilled careers, announced a $40 million investment today.
The Series C growth capital investment round was led by ABS Capital to further develop Transfr's virtual reality (VR) simulation and training platform and to expand its programs to accommodate its rapidly growing customer base, which has more than doubled year over year from 2019-2023. JPMorgan Chase Impact Finance and Advisory joined the Series C round along with 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. This round brings the total investment in Transfr to over $90 million since its founding in 2017.

Transfr is an emerging leader in virtual reality (VR) based vocational career exploration and pre-apprentice training. Transfr provides hands-on and immersive-simulation training for high growth 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. Transfr's innovative platform promotes ever-improving quality and lower development costs of VR simulations.
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