Stepful raised a $31.5M Series B for its learning platform for US-based healthcare entry-level positions

Stepful, an AI-powered educational platform that aims to contribute to mitigating the shortage of healthcare workers in the US by providing affordable training programs for entry-level positions in the healthcare sector, recently announced it raised $31.5 million in a Series B round led by Oak HC/FT, with participation from notable investors including Y Combinator and Reach Capital.

Stepful's programs include training for entry-level positions including medical assistants, medical admins, and pharmacy technicians, and upskilling for licensed nurses and surgical technicians. Unlike trade schools and community colleges, which are often more expensive, require in-person attendance, and have enrollment caps, Stepful's training programs are designed for working professionals, and, besides being affordable, are based on accelerated programs comprising live virtual group learning and one-to-one coaching sessions.

The programs also include asynchronous bite-sized training lessons and personalized AI-powered feedback and outreach. The latter ensures students move at their own pace without falling behind. Finally, a network of over 8,000 healthcare partners enables Stepful's students to attend practical clinical training. On the partner-facing side of the business, Stepful provides tools like online training, on-site learning support, and analytics so healthcare institutions can set up an end-to-end workforce solution that enables them to enhance their staff with highly skilled and prepared workers.

Stepful CEO Carl Madi explained that the funding will enable the company to reach more students, refine its accelerated learning programs so students can fill positions in high demand more quickly, increase their offerings for nurse upskilling, expand the availability of its services to more regions, and introduce new tools for its partners, including screening and vetting, analytics, and training support.