Stepful

Stepful

Online MA and phlebotomy certification training

Overview

Stepful offers online training programs for people who want to start careers as medical assistants or phlebotomists. Its courses are online and include both theory and practical elements such as clinical hours, plus preparation for national certification exams. Classes are designed to be completed in a few months. Tuition pays for the online courses, certification prep, and access to a network of healthcare employers, and Stepful partners with employers to help graduates find jobs. This helps students gain credentials and secure employment in healthcare. Unlike programs that only teach theory, Stepful combines learning with hands-on hours and job placement support, aiming to make healthcare careers more accessible. The company’s goal is to create economic opportunities by helping job seekers enter and advance in healthcare roles with solid certification and placement outcomes.

YC Company
Significant Headcount Growth

About Stepful

Simplify's Rating
Why Stepful is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Education

Healthcare

Company Size

201-500

Company Stage

Series C

Total Funding

$122.9M

Headquarters

New York City, New York

Founded

2021

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Simplify's Take

What believers are saying

  • Strong outcomes support demand: 78% certification pass rate and 80% job placement rate[1]
  • Expansion into nursing, respiratory therapy, and imaging broadens addressable hospital budgets[1]
  • 35 major healthcare systems, including Mount Sinai, validate the employer-sponsored model[1]

What critics are saying

  • Clinical-hour requirements still depend on in-person placement availability and local partners[1][5]
  • Healthcare system budget cuts directly reduce employer-sponsored enrollment and hiring demand[1]
  • Expansion into regulated degree programs raises accreditation, placement, and execution complexity[1]

What makes Stepful unique

  • 100% online, accelerated healthcare training with live classes and coursework[1][5]
  • Employer-linked externships and job placement support differentiate Stepful from pure online courses[1][5]
  • Large clinical network and 30,000+ active students signal operating scale[5]

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Funding

Total Funding

$122.9M

Meets

Industry Average

Funded Over

8 Rounds

Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Meet Average

Industry standards

$50M
$50M
Medium
$55M
Stepful
$62M
SeatGeek
$100M
Oura

Benefits

Company Equity

Performance Bonus

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

44%

1 year growth

44%

2 year growth

44%
Postmedia Network
Apr 30th, 2025
Stepful Ranked #1 EdTech Company in the U.S. and Top 10 Worldwide by TIME

Stepful ranked #1 EdTech company in the U.S. and Top 10 worldwide by TIME.

Femtech Insider
Nov 14th, 2024
Stepful Secures $31.5M Series B to Scale AI-Powered Healthcare Training

Stepful, a startup using AI to train entry-level healthcare workers, has raised a $31.5M Series B led by Oak HC/FT, with participation from Y Combinator, Reach Capital, and AlleyCorp.

TechCrunch
Nov 13th, 2024
Exclusive: Stepful raises $31.5M to address healthcare staffing shortage with AI-powered training

Carl Madi spent a chunk of the last decade working for Uber and Handy, an online marketplace for cleaners. "I spent a lot of time convincing drivers,

TechCrunch
Nov 13th, 2024
Stepful raises $31.5M to address healthcare staffing shortage with AI-powered training

Stepful raises $31.5M to address healthcare staffing shortage with AI-powered training.

Stepful
Feb 22nd, 2024
Stepful Raises $12M to Revolutionize Healthcare Workforce

We’re excited to announce that we’ve raised a $12 million Series A funding round, led by AlleyCorp Impact.

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