Transfr

Transfr

Provides VR-based career training solutions

About Transfr

Simplify's Rating
Why Transfr is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Consulting

VR & AR

Education

Company Size

201-500

Company Stage

Series C

Total Funding

$85.7M

Headquarters

New York City, New York

Founded

2017

Overview

Transfr provides immersive virtual reality (VR) training programs designed to enhance career training and workforce development. These programs simulate real-world job environments, allowing learners to gain practical experience and explore various career paths without needing to be physically present in a workplace. By collaborating with schools, businesses, and government agencies, Transfr ensures that its training solutions are accessible and tailored to meet the specific needs of different industries. Unlike traditional training methods, Transfr's VR approach offers hands-on experience in high-demand fields, helping learners acquire critical job skills. The company's goal is to create pathways to well-paying jobs and support workforce development initiatives, ultimately bridging the gap between education and employment.

📈
Significant Headcount Growth
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Simplify's Take

What believers are saying

  • Transfr ranks No. 106 on the 2024 Inc. 5000 list, showcasing rapid growth.
  • Named Best World-Changing Idea North America by Fast Company in 2024.
  • VR training market projected to grow at 18.2% CAGR from 2021 to 2028.

What critics are saying

  • Increased competition from VR training providers like Strivr and Mursion.
  • High costs and complexity in developing and maintaining VR simulations.
  • Dependence on partnerships with educational institutions and government agencies.

What makes Transfr unique

  • Transfr offers a unique VR apprenticeship model with personalized feedback for trainees.
  • The company focuses on high-demand fields without requiring a four-year degree.
  • Transfr partners with educational institutions, businesses, and government agencies for tailored training.

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Funding

Total Funding

$85.7M

Below

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$40M
Transfr
$50M
Medium
$62M
SeatGeek
$100M
Oura

Benefits

Flexible Schedule

Generous parental leave

401(k)

Health, Dental & Vision

Promote From Within

Company Outings

Company Equity

Paid Sick Days

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

7%

2 year growth

9%
Yahoo Finance
Aug 13th, 2024
Transfr Ranks No. 106 on the 2024 Inc. 5000

Transfr ranks No. 106 on the 2024 Inc. 5000.

LenConnect
Jun 12th, 2024
Free Career Camp offers the latest in career exploration for teens and young adults

Michigan Works Southeast recently acquired Transfr virtual reality headsets that allow users to experience different career activities, the release said.

Business Wire
May 14th, 2024
Transfr Named Winner In Best World-Changing Idea North America Category Of Fast Company’S 2024 World Changing Ideas Awards

NEW YORK--(BUSINESS WIRE)--The winners of Fast Company’s 2024 World Changing Ideas Awards were announced today, highlighting fresh sustainability initiatives, cutting-edge AI developments, ambitious pursuits of social equity, and other creative projects that are helping mold the world. Transfr’s VR Workforce Training offering has been named the Best World-Changing Idea North America. The solution received additional acknowledgment with an Honorable Mention in the Education category. Transfr’s platform hosts more than 300 simulations that focus on careers in industries that do not require a four-year degree, including Automotive, Aviation, Construction, Diesel, Electrical, Hospitality and Tourism, Manufacturing, and Healthcare. This year’s World Changing Ideas Awards showcase 50 winners, 127 finalists, and 172 honorable mentions—with health, education, energy, and AI among the most popular categories. A panel of Fast Company editors and reporters selected winners from a pool of more than 1,300 entries across climate, social justice, wellness, politics, technology, corporate social responsibility, and more

Yahoo Finance
May 14th, 2024
Transfr Named Winner In Best World-Changing Idea North America Category Of Fast Company'S 2024 World Changing Ideas Awards

From a solution to repurpose cold plasma to treat seeds to 3D printed living seawalls, the eighth annual awards honor new and inspiring solutions to the most daunting challenges of today.NEW YORK, May 14, 2024--(BUSINESS WIRE)--The winners of Fast Company’s 2024 World Changing Ideas Awards were announced today, highlighting fresh sustainability initiatives, cutting-edge AI developments, ambitious pursuits of social equity, and other creative projects that are helping mold the world. Transfr’s VR Workforce Training offering has been named the Best World-Changing Idea North America. The solution received additional acknowledgment with an Honorable Mention in the Education category. Transfr’s platform hosts more than 300 simulations that focus on careers in industries that do not require a four-year degree, including Automotive, Aviation, Construction, Diesel, Electrical, Hospitality and Tourism, Manufacturing, and Healthcare.This year’s World Changing Ideas Awards showcase 50 winners, 127 finalists, and 172 honorable mentions—with health, education, energy, and AI among the most popular categories. A panel of Fast Company editors and reporters selected winners from a pool of more than 1,300 entries across climate, social justice, wellness, politics, technology, corporate social responsibility, and more. Several new categories were added this year, including beauty and fashion, health products, health services, materials, and science and technology

Business Wire
Apr 4th, 2024
Transfr Expands Leadership Team With Four Key Executive Hires: Cmo, Cfo, Cro, And Gm, Interactive Learning

NEW YORK--(BUSINESS WIRE)--Recently named one of Fast Company’s Most Innovative Companies of 2024, Transfr Inc., the leading provider of virtual reality (VR) career training and exploration simulations, is pleased to announce the appointment of four distinguished leaders to its executive team: Autumn Taylor as Chief Marketing Officer, Ron Peele as Chief Financial Officer, Nathan Cobb as Chief Revenue Officer and Gaurav Sharma as General Manager, Interactive Learning. With a shared passion for innovation and a commitment to Transfr's mission, these new additions bring a wealth of expertise and strategic vision to drive the company's growth and impact. Autumn Taylor, Chief Marketing Officer: As the new Chief Marketing Officer, Autumn Taylor brings over 20 years of experience in the education technology space, having held leadership roles at companies including Teaching Strategies, Echo360 and Blackboard Analytics. Autumn's expertise in establishing compelling brand narratives and leading high-growth marketing initiatives will be instrumental in aligning Transfr's vision and mission with its marketing and communications strategy, driving customer engagement and fostering brand loyalty. Ron Peele, Chief Financial Officer: Ron Peele is a seasoned investor and operating executive with more than 30 years of experience building innovative companies that create and define new markets. Ron joins Transfr from Deepwatch, the leading managed security platform for the cyber-resilient enterprise, where he served as CFO for four years

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