HomeUSAStepful Raises $31.5M in Series B Funding

Stepful Raises $31.5M in Series B Funding

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Stepful

Stepful, a NYC-based company dedicated to empower healthcare training for allied health professional jobs, raised $31.5M in Series B funding.

The round was led by Oak HC/FT with participation from Y Combinator, Reach Capital, AlleyCorp, SemperVirens, Company Ventures, Green Sands, ECMC Education Impact Fund, Intermountain Ventures and Cedar Pine.

The company intends to use the funds to expand its B2B offering and continue growing its health system partnerships.

Co-founded by Carl Madi, Tressia Hobeika and Edoardo Serra, Stepful offers educational training programs for both entry-level positions, including medical assistants, medical admins and pharmacy technicians, and advanced programs for licensed practical nurses and surgical technicians.

The platform is designed for working adults, particularly from historically underserved communities, providing virtual instructor-led courses that include live, cohort-based learning sessions and one-on-one coaching for those looking for entry-level positions in hospitals and healthcare settings. Additionally, the program’s bite-sized, asynchronous, interactive learning modules allow students to manage their studies alongside other commitments, while AI-powered feedback offers personalized support and outreach to ensure students don’t fall behind.

To date, the company has seen strong growth in its business, expanding from 50 students in 2021 to more than 30,000 enrollees projected in 2024.

FinSMEs

14/11/2024

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