Transfr

Provides VR-based career training solutions

New York City, New York, United States

About Transfr

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 skills necessary for securing well-paying jobs. The company's goal is to bridge the gap between education and employment, ultimately contributing to a more skilled and adaptable workforce.

New York City, New YorkHeadquarters
2017Year Founded
$85.7MTotal Funding
SERIES_CCompany Stage
Consulting, VR & AR, EducationIndustries
201-500Employees

Benefits

Flexible Schedule
Generous parental leave
401(k)
Health, Dental & Vision
Promote From Within
Company Outings
Company Equity
Paid Sick Days

Risks

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.

Differentiation

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.

Upsides

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.