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Venture Capital News: Transfr VR Scoops Up $35M Series B Round

NEW YORK, NY, Transfr VR best known for pioneering the use of virtual reality to simulate on-the-job training, today announced $35 million in Series B funding.
Transfr VR today announced $35 million in Series B funding as it expands into regions and industries most heavily impacted by skills gaps and unemployment. The round was led by Lumos Capital Group, a leading growth equity firm focused on education technology and workforce development. Lumos Capital Group's co-founder and Managing Partner Victor Hu will join Transfr's board of directors.

Lumos Capital Group was joined by existing investors Firework Ventures and Album VC and new investor Spring Tide Capital. Transfr's backers also include veteran education executives such as former CEO of Penn Foster, Stuart Udell; Former CEO of Udemy, Dennis Yang; Degreed founder, David Blake; co-founder of WorkMarket, serial entrepreneur and best-selling author Jeff Wald; and former CEO of Upwork and Elance, Fabio Rosati.

Transfr's mission is to train the future of every industry by opening up new opportunities for people across the globe. We create unique pathways to well-paying jobs available now in high-demand fields, enabling learners to find job security and economic prosperity, facilitated by immersive, hands-on training.
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