Transfr VR, a NYC-based immersive learning startup pioneering the application of virtual reality to simulate on-the-job training, raised $12m in Series A funding. The round was led by Firework Ventures, founded by veteran VC investor Brigette Lau and Ashley Bittner, formerly of Owl Ventures. Bittner, a former Department of Education appointee, will join the board. Firework joins existing investors, which include Album VC, Imagination Capital, professional golfer Greg Norman, veteran education executive Stuart Udell, Tampa Bay Lightning owner Jeff Vinik, and Degreed founder David Blake.
“By simulating on the-job experience, we’re helping to transform skills training into a more engaging and immersive experience and bridge the gap between work-based learning and classroom instruction,” said Bharanidharan Rajakumar, founder and CEO of Transfr. “Empowering high-potential workers with access to hands-on, practical training is unlocking better careers and higher wages—regardless of their employment history.”
The company intends to use the funds to scale its training programs.
Announcement: Transfr VR Raises $12M in Series A Funding