Stepful Raises $55M in Series C Funding Led by Oak HC/FT

The round also saw participation from new investors Foresite Capital, Hearst Ventures, and the Citi Impact Fund, alongside existing investors SemperVirens, Y Combinator, Intermountain Health, and ECMC Education Impact Fund.

The company plans to use the funding to expand its platform across more healthcare system partnerships and support growth into new educational programs, including registered nursing (RN), and medical imaging fields.

The funding round follows a strong year for Stepful. Along with significant revenue growth, the company has graduated more than 32,000 job-ready healthcare workers since it was founded.

The healthcare workforce faces major challenges. Traditional trade schools often have limited enrollment capacity and rely on manual processes, making it difficult to meet the growing demand for healthcare professionals. As a result, healthcare systems spend about $97 billion each year on contract staffing because the training and credentialing system has not been able to scale efficiently.

To address these challenges, Stepful has developed an all-in-one training platform for healthcare systems that replaces slow, manual processes with a technology-driven approach. The platform helps healthcare organizations train and develop workers more efficiently while creating a continuous pipeline of qualified talent.

Through employer-sponsored and debt-free education programs, Stepful enables people to build healthcare careers without leaving their jobs, commuting to college campuses, or taking on large student loans. This allows workers to move from a high school diploma to higher-paying healthcare roles in a more accessible and affordable way.

Stepful's proprietary platform supports every stage of clinical education, including training, simulations, assessments, and workforce planning. It helps healthcare organizations manage and improve the entire learning process in one system. As more students, employers, and healthcare providers use the platform, it continuously learns from new data and outcomes. This makes the system smarter, more efficient, and more valuable over time.

"Stepful is the only company we have seen that combines online education with a sophisticated AI engine to solve the talent supply problem at scale," said Vig Chandramouli, Partner at Oak HC/FT. "This team has sustained an extraordinary pace of growth, with 35+ major healthcare system clients, including Mount Sinai, Ochsner, and Providence. Our continued investment reflects our conviction in both the leadership and the platform they've built."

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"Stepful is not just a training platform - we are the foundational infrastructure for the future of the healthcare workforce," said Carl Madi, CEO and Co-Founder of Stepful. "This capital allows us to expand our partnerships with hospitals and health systems, launch advanced degree programs in nursing, respiratory therapy and imaging, and accelerate our AI capabilities."

About Stepful

Founded in 2021 by Carl Madi, Tressia Hobeika and Edoardo Serra, Stepful provides fast and affordable training programs for healthcare careers. Through partnerships with healthcare providers across the country, the company helps students earn certifications, and connect directly with job opportunities. Stepfuls mission is to train and support the next generation of allied healthcare professionals.

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