What is Stepful?
Founded in 2021 and based in Sacramento, California, Stepful specializes in developing and implementing healthcare staffing programs designed to rapidly fill open positions and reduce hiring expenses for healthcare organizations. Beyond staffing, the company provides comprehensive medical career advancement training, equipping individuals for roles such as Medical Assistants, Coders & Billers, Pharma Techs, EKGs, and Phlebotomists. Stepful's dual focus on training and placement positions it as a key player in both workforce development and healthcare operational efficiency.
How much funding has Stepful raised?
Stepful has raised a total of $94M across 3 funding rounds:
Angel/Seed
$7.5M
Series B
$31.5M
Series C
$55M
Angel/Seed (2023): $7.5M with participation from Reach Capital, Company Ventures, Eo Ventures, and Y Combinator
Series B (2024): $31.5M led by Reach Capital, Y Combinator, and Oak HC/FT
Series C (2026): $55M supported by Oak HC/FT, Citigroup, Y Combinator, Hearst, Foresite Capital, Intermountain Health, and SemperVirens
Key Investors in Stepful
Reach Capital
Reach Capital is an independent fundraising and strategic advisory firm that specializes in Private Markets, focusing on connecting limited partners (LPs) and general partners (GPs) and facilitating over $37 billion in private market capital.
Oak HC/FT
Oak HC/FT is a venture growth-equity fund investing in Healthcare Information & Services and Financial Services Technology, providing strategic counsel and access to an extensive network of industry leaders.
Y Combinator
Y Combinator is a renowned startup accelerator that provides seed funding and mentorship to early-stage businesses, helping them to grow and attract further investment.
What's next for Stepful?
The substantial enterprise-level funding Stepful has garnered indicates a strategic push towards scaling its operations and expanding its training and placement services. This capital infusion is likely to fuel further development of its technology platform, enhance its recruitment and training infrastructure, and broaden its market reach across the United States. The company's trajectory suggests a focus on solidifying its position as a leader in healthcare workforce solutions, potentially exploring new training verticals or partnerships to meet the evolving demands of the healthcare industry.
See full Stepful company page
