What is Stepful?
Founded in 2021 and headquartered in Sacramento, California, Stepful is a healthcare staffing and medical career advancement training company. Its programs are engineered to efficiently fill healthcare vacancies and substantially reduce hiring expenditures for institutions. Stepful specializes in training and placing professionals in critical roles such as Medical Assistants, Coders & Billers, Pharma Techs, EKGs, and Phlebotomists, addressing a key need in the healthcare workforce.
How much funding has Stepful raised?
Stepful has raised a total of $39M across 2 funding rounds:
Angel/Seed
$7.5M
Series B
$31.5M
Angel/Seed (2023): $7.5M with participation from Company Ventures, Reach Capital, Eo Ventures, and Y Combinator
Series B (2024): $31.5M led by Reach Capital, Y Combinator, and Oak HC/FT
Key Investors in Stepful
Reach Capital
Reach Capital is an early-stage venture capital firm focused on education and workforce development, aiming to expand access to education and economic opportunities. With extensive experience in the education sector, they have backed over 130 education companies.
Y Combinator
Y Combinator is a renowned startup accelerator that provides seed funding and mentorship to early-stage companies, helping them to grow and attract further investment.
Oak HC/FT
Oak HC/FT is a premier venture growth-equity fund that invests in Healthcare Information & Services and Financial Services Technology, providing strategic counsel and access to an extensive network of industry leaders.
What's next for Stepful?
The recent major strategic investment positions Stepful for accelerated growth and expansion within the healthcare education and staffing market. This capital infusion is expected to fuel further development of its training programs, enhance its placement services, and potentially broaden its geographic reach. The company's focus on addressing critical healthcare staffing shortages through both training and placement indicates a strong market opportunity and a clear path for future scaling.
See full Stepful company page
