Transfr

Transfr

Provides VR-based career training solutions

About

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 contributing to a more skilled and adaptable workforce.

Company Stage

Series C

Employees

201-500

Industries

Consulting, VR & AR, Education

Total Funding

$85.7M

Headquarters

New York City, New York

Founded

2017


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Simplify's Take

What believers are saying

  • Transfr ranks No. 106 on the 2024 Inc. 5000, showcasing rapid growth.
  • Named Best World-Changing Idea North America by Fast Company in 2024.
  • Endorsed by the National Consortium for Health Science Education for VR simulations.

What critics are saying

  • Increased competition from VR training providers like Strivr and Mursion.
  • Frequent updates needed due to rapid VR hardware advancements may raise costs.
  • Economic downturns could reduce budgets for VR training investments.

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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Growth & Insights
Headcount

6 month growth

-2%

1 year growth

14%

2 year growth

46%

Benefits

Flexible Schedule

Generous parental leave

401(k)

Health, Dental & Vision

Promote From Within

Company Outings

Company Equity

Paid Sick Days

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