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Venture Capital News: TRANSFR VR Nabs $12M

NEW YORK, NY, TRANSFR VR today announced $12 million in Series A round.
TRANSFR VR, an immersive learning startup pioneering the application of virtual reality to simulate on-the-job training, today announced $12 million in Series A funding, which will enable the company to scale training programs designed to boost economic mobility in regions most heavily impacted by skills gaps and unemployment.

The round was led by Firework Ventures, an emerging venture fund that invests in human-centered future of work companies. Firework, founded by veteran VC investor Brigette Lau and Ashley Bittner, formerly of Owl Ventures, brings a unique blend of technology and policy expertise to early-stage investing. Bittner, a former Department of Education appointee, will join the board.

Firework joins TRANSFR's existing investors, which include Album VC, Imagination Capital, world-renowned professional golfer Greg Norman, veteran education executive Stuart Udell, Tampa Bay Lightning owner Jeff Vinik, and Degreed founder David Blake.

TRANSFR is on a mission to make learning more intuitive by helping individuals develop the skills they need for career success. What began as an idea quickly transformed into a movement; TRANSFR is built on the understanding that we must disrupt the status quo to create a more prosperous future. TRANSFR believes the future starts with innovative workplace training and hands-on skills development -- building bridges between schools, workplaces, and governments to make jobs more accessible and create a better tomorrow, today.
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