Key Highlights
- $31.5 million Series B funding led by Oak HC/FT, backed by Y Combinator, Reach Capital, and more.
- Programs for entry-level and advanced healthcare roles using AI-driven, cost-effective learning solutions.
- 87% certification pass rate, significantly surpassing national averages.
- B2B growth and health system partnerships with prominent healthcare providers.
- Meeting critical workforce demands amidst a projected shortage of 3.2 million healthcare workers by 2026.
Source: Business Wire
Notable Quotes
- “The quality and outcomes of Stepful’s program have proven to be superior to current options with higher graduation rates, certification pass rates, and job placement rates, all at a lower cost. We’re proud to partner with Stepful as they scale their impact.” — Vig Chandramouli, Partner at Oak HC/FT
- “This funding supports our mission to make healthcare training more accessible while addressing the U.S. shortage of healthcare workers.” — Carl Madi, CEO at Stepful
SoHC's Take
Stepful’s recent Series B funding reflects investor confidence in scalable, technology-driven solutions for the healthcare sector, particularly as the industry braces for a critical workforce shortage. By leveraging AI to streamline learning, Stepful has distinguished itself with high pass rates, cost-effective education, and impressive job placement metrics, setting it apart from traditional trade schools. Stepful’s B2B focus, partnerships with major health systems, and AI-driven learning model are poised to help alleviate significant labor shortages. This funding will further Stepful’s reach, bolstering the talent pipeline for healthcare systems at a time when the sector urgently needs workforce innovation.
