# Transfr

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/transfr

- Industry: Software
- Headquarters: New York, US
- Website: www.transfrvr.com
- Total disclosed funding: $87M
- Latest round: Series C (Sep 28, 2023)
- Investors on record: 11

## About

Transfr Inc. is a US-based company specializing in immersive virtual reality (VR) training and career exploration solutions, enhancing workforce education through interactive experiences for various professions.Founded in 2017 and headquartered in New York, US, Transfr Inc. offers innovative training solutions in workforce education. The company has successfully completed 5 deals, with the most recent funding occurring on September 28, 2023, through a Series C round that raised USD 40.00 mn from ABS Capital Partners and others. CEO Bharanidharan Rajakumar leads the firm, which focuses on practical training for diverse backgrounds, including those impacted by the justice system.Transfr specializes in providing immersive virtual reality (VR) training and career exploration solutions aimed at enhancing workforce education across various sectors. Their core products include a web application, Transfr Trek, which allows learners to explore over 100 careers across 16 career clusters, as well as VR simulations that provide users with an interactive 'day in the life' experience for various professions. These products are designed to support secondary and post-secondary education, workforce development, and non-profit organizations, catering to individuals from diverse backgrounds. The VR-based skills training aligns with national standards such as OSHA and NCCER, covering foundational skills like workplace safety and measurement. Transfr's offerings are deployed primarily in the United States, with a significant focus on partnerships with educational institutions and community organizations to facilitate career readiness and upward mobility for learners.Transfr's revenue model is primarily based on partnerships and subscriptions with educational institutions, workforce development boards, and non-profits. Their business transactions typically involve direct agreements with these entities for implementing their training solutions, which include immersive VR simulations and career exploration tools. The pricing structure is tailored to client needs, based on deployment scale and specific services chosen. Clients may engage in ongoing subscription agreements, reflecting a commitment to long-term education solutions that enhance workforce preparedness.In September 2023, Transfr Inc. raised USD 40.00 mn in Series C funding led by ABS Capital Partners, with participation from JPMorgan Chase Impact Finance and Advisory, returning investors Lumos Capital Group, Akkadian Ventures, Spring Tide Capital, Firework Ventures, and Album VC. The company will utilize the funding to further enhance its product offerings, with plans for upcoming new VR training tools aimed at expanding their market reach. Transfr is focused on targeted expansion into additional states and educational sectors, aiming to broaden its impact on career readiness initiatives.

## Funding rounds

- Series C, Sep 28, 2023, $40M — ABS Capital Partners, Akkadian Ventures, Album VC, Lumos Capital Group, Firework Ventures, Spring Tide Capital, JPMorgan Chase Impact Finance and Advisory
- Series B, Jun 16, 2022, $35M — Album VC, Lumos Capital Group, Firework Ventures, Spring Tide Capital
- Series A, Nov 19, 2020, $12M — Album VC, Imagination Capital, Firework Ventures, Bay Street Ventures
- Seed, Dec 1, 2019 — Imagination Capital
- Seed, May 29, 2018 — Social Starts, Upstage Ventures, Bay Street Ventures

## Investors

- Social Starts (https://capitalatlas.ai/funds/social-starts) — Seed
- Upstage Ventures (https://capitalatlas.ai/funds/upstage-ventures) — Seed
- Bay Street Ventures (https://capitalatlas.ai/funds/bay-street-ventures) — Seed, Series A
- Imagination Capital (https://capitalatlas.ai/funds/imagination-capital) — Seed, Series A
- Album VC (https://capitalatlas.ai/funds/album-vc) — Series A, Series B, Series C
- Firework Ventures (https://capitalatlas.ai/funds/firework-ventures) — Series A, Series B, Series C
- Lumos Capital Group (https://capitalatlas.ai/funds/lumos-capital-group) — Series B, Series C
- Spring Tide Capital (https://capitalatlas.ai/funds/spring-tide-capital) — Series B, Series C
- ABS Capital Partners (https://capitalatlas.ai/funds/abs-capital-partners) — Series C
- Akkadian Ventures (https://capitalatlas.ai/funds/akkadian-ventures) — Series C
- JPMorgan Chase Impact Finance and Advisory — Series C