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.

Simplify's Take

What believers are saying

• Raised $31.5M Series B in 2024 from Oak HC/FT to scale to 30,000 enrollees.
• 87% NHA CCMA pass rate exceeds national average by 10 points for graduates.
• B2B partnerships with Johns Hopkins and Ohio State drive employer-embedded training.

What critics are saying

• AIHA free phlebotomy course launched March 2026 undercuts Stepful's $2,500 tuition.
• CredibleMind captures 25% demographic via CVS, Walgreens integrations by mid-2027.
• CMS January 2027 rule mandates 200+ in-person hours, invalidating Stepful's model.

What makes Stepful unique

• Stepful uses AI for personalized coaching in accelerated 4-month healthcare training programs.
• Partners with 8,000 clinics for hands-on clinical matching beyond virtual learning.
• Offers graduate guarantee, paying only for completions with 94% employer-sponsored pass rates.

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Funding

Total Funding

$67.9M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:

Y Combinator

Notable Investors:

Y Combinator

$31,500,000

Series B

Nov 2024

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Below Average

Industry standards

Ind Avg. $35M

$4M

$30M

$31.5M

$45M

$65M

$100M

View all funding stages