Stepful, an AI-powered online education platform for healthcare workers, raised $55 million in Series C funding, bringing its total funding to date to more than $105 million.
Oak HC/FT led the investment round, with participation from new investors Hearst Ventures, Foresite Capital, the Citi Impact Fund, and existing investors Y Combinator, ECMC Education Impact Fund, Intermountain Health, and SemperVirens.
“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,” added Vig Chandramouli.
Since its founding in 2021, Stepful has graduated over 32,000 healthcare workers. “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,” added Carl Madi.
Stepful has built a vertically-integrated platform that delivers school-as-a-service to health systems, replacing low-tech, human-bottlenecked processes with an always-on training and intelligence layer. By offering employer-sponsored, debt-free pathways, the platform enables workers to move from a high school diploma to a six-figure healthcare career without leaving the workforce, commuting to college campuses, or taking on burdensome loans to attend legacy trade schools.
With fresh funds, Stepful will accelerate the deployment of its platform across expanded healthcare system partnerships and new degree program verticals, including RN and imaging, as the company scales toward category leadership in healthcare talent infrastructure.
Digital health companies have secured more than $180 billion in funding to date, driven by AI-powered healthcare startups, according to our recent Funding Database.
Worki, a San Francisco-based healthcare workforce productivity visibility startup, raised $2.75 million in pre-seed funding led by Redesign Health and Healthliant Ventures, the venture arm of Tanner Health.
In another deal, Luminai, a provider of an AI-powered healthcare workflow automation platform, raised $38 million in a Series B funding round, bringing its total funding to date to $60 million.