Breaking
$31.5M Series B led by Oak HC/FT closes Nov 2024 #1 EdTech in the U.S. on TIME's 2025 World's Top list From 50 students in 2021 to 30,000+ enrollees Largest online medical-assistant school in America 90% completion · 85% certification pass rate U.S. faces a 3.2M healthcare-worker shortage by 2026 $31.5M Series B led by Oak HC/FT closes Nov 2024 #1 EdTech in the U.S. on TIME's 2025 World's Top list From 50 students in 2021 to 30,000+ enrollees Largest online medical-assistant school in America 90% completion · 85% certification pass rate U.S. faces a 3.2M healthcare-worker shortage by 2026
Company Profile · Healthcare EdTech

Stepful.

The shortcut from "I need a new career" to "I start Monday in a clinic" - built for adults who can't afford to wait two years.

The three co-founders of Stepful

The people who decided healthcare's staffing crisis was a training problem, not a hiring one: co-founders Carl Madi, Tressia Hobeika, and Edoardo Serra. One of them used to teach Siri how to speak Italian. Now they teach people how to draw blood.

Founded 2021 HQ New York, NY Team ~380 Raised $68M+ Latest Series B
Who they are now

A clinical kit in a cardboard box, and a job at the other end

Somewhere in America right now, a box is arriving on a doorstep. Inside: a blood-pressure cuff, a few practice supplies, the unglamorous hardware of a healthcare career. The person who opens it has a full-time job, maybe kids, and no spare two years to sit in a community-college classroom. In about four months, they will be certified to work in a clinic. That box, and the software that came with it, is Stepful.

Stepful is a New York company that trains people for entry-level healthcare jobs - medical assistant, pharmacy technician, surgical tech - and then helps them get hired. It calls itself the largest online medical-assistant school in the United States. The programs run online, on a phone if that's all you've got, with live classes twice a week and an AI that notices when you go quiet.

It is, in other words, vocational school rebuilt for people who were locked out of vocational school. The waiting list for the old version was measured in semesters and student debt. Stepful measured it differently.

Four months and roughly $2,500, versus two years and up to $20,000. The math was never the hard part.- The Stepful pitch, in one line
The problem they saw

The shortage nobody could hire their way out of

Here is the inconvenient arithmetic. The American Hospital Association projects the U.S. will be short roughly 3.2 million allied-health workers, nurses, and mental-health professionals by 2026. Hospitals responded the way employers always do: they posted more jobs, raised wages, poached from each other. None of that creates a single new trained worker. It just moves the existing ones around at higher cost.

The founders looked at that and saw something the job boards missed. The bottleneck wasn't recruiting. It was the pipeline feeding it. Traditional training was too slow, too expensive, and too inconvenient for exactly the people most likely to fill those roles - career changers, adults with jobs, communities that community colleges weren't reaching.

The healthcare labor crisis isn't a hiring problem. It's a training problem - and you can't recruit your way out of a training problem.- The thesis underneath the whole company

That distinction sounds academic until you notice almost no one was building on the supply side. Plenty of startups promised to help hospitals fill shifts faster. Stepful decided to manufacture the workers in the first place.

The founders' bet

An operator, a product lead, and the engineer who taught Siri Italian

The founding team is an odd, specific mix - the kind that only makes sense in retrospect. Carl Madi, the CEO, spent a decade scaling operations at consumer companies that grew very fast and very chaotically: Uber, Handy, Amino Apps. Tressia Hobeika had built online learning at Udacity and Triplebyte, where she helped reskill and place more than 200,000 job seekers into tech roles. Edoardo Serra was an Apple engineer for nearly ten years and oversaw Siri's global expansion, including its Italian-language version.

Carl Madi
Co-Founder & CEO · prev. Uber, Handy, Amino Apps
Tressia Hobeika
Co-Founder, Product & Ops · prev. Udacity, Triplebyte
Edoardo Serra
Co-Founder · prev. Apple, led Siri global expansion

Their bet, in 2021, was that consumer-grade operations, real instructional design, and serious engineering could be pointed at a stubbornly analog industry. Vocational training had been run like a public utility for decades. They proposed running it like a product.

It started small - 50 students in year one. Reach Capital led a $7.5M seed; Y Combinator was in the room. The first cohorts were less a business than a hypothesis: would people actually finish?

The product

Asynchronous when it can be, human when it has to be

The design choice that matters most at Stepful is also the least flashy. Students learn on their own schedule - mobile-friendly, self-paced - but attend mandatory live classes twice a week, 90 minutes each, with an actual instructor and a cohort of actual classmates. The asynchronous part respects that adults are busy. The synchronous part is what keeps them from quitting.

An AI layer watches for the early signs of someone falling behind and sends a nudge. When the nudge isn't enough - and it often isn't - a human coach steps in. That escalation ladder, software first and people second, is how Stepful claims a roughly 90% completion rate in a category where online courses are infamous for people drifting away.

Flagship

Medical Assistant (CCMA)

~4-5 months toward the NHA CCMA exam. Mailed clinical kit, live classes, simulations, mock exams, clinical hours, job coaching.

Certification

Pharmacy Technician

Online prep for PTCB-CPhT certification, covering pharmacy calculations and pharmacology basics.

Advanced

Specialized Tracks

Surgical technologist, patient care tech, dental assistant, medical admin, and pathways toward licensed practical nursing.

After the exam

Job Coaching

8 weeks of mock-interview workshops, 1:1 coaching, resume help, and curated local full-time openings.

People feel that they're supported, nurtured, and we see them.- Carl Madi, Co-Founder & CEO

Notice what the product doesn't end with. It doesn't end with a certificate. It ends with clinical hours arranged through partner clinics and a curated list of real local jobs. The certificate was never the point. The paycheck was.

Milestones

How a 50-student experiment became a workforce engine

2021

The first cohort

Founded in New York. Fifty students enroll. The question is simply whether anyone finishes.

2022

$7.5M seed

Reach Capital leads, with Y Combinator, EO Ventures, and Company Ventures. The hypothesis gets funded.

2024

$12M Series A

AlleyCorp Impact leads as enrollment and the employer business both start to scale.

Nov 2024

$31.5M Series B

Oak HC/FT leads, joined by YC, Reach, AlleyCorp and others. Projected enrollment crosses 30,000.

2025

#1 EdTech in the U.S.

Named the top EdTech company in America, and top 10 globally, on TIME's World's Top EdTech Companies list.

The proof

The numbers that made investors stop arguing

Growth stories are cheap. This one has a shape that's hard to fake: 50 students in 2021, a projected 30,000+ enrollees in 2024. That's the curve that turned a seed-stage experiment into a $31.5M Series B led by Oak HC/FT, with Y Combinator, Reach Capital, and AlleyCorp following on. Total raised to date sits north of $68 million.

Enrollment, by the year

Students enrolled / projected · 2021-2024
2021
50
2022
~2,500
2023
~11,000
2024
30,000+
2024 figure is company projection. Intermediate years approximate, scaled between reported endpoints.
90%
Completion rate
85%
Certification pass
4x
Faster than college
$2.5K
Typical cost

And the customers stopped being only individuals. Health systems - Providence, Ohio State University Physicians, Johns Hopkins All Children's Hospital - started using Stepful to build their own pipelines, training staff they could then keep. A network of roughly 8,000 partner clinics and hospitals handles the clinical-hours side. That B2B turn is what makes Stepful less a school and more an end-to-end workforce supplier.

A school sells you a certificate and wishes you luck. Stepful sells health systems a pipeline - and keeps the lights on by filling it.- On why the B2B turn mattered
The mission

Who gets to have a healthcare career

Strip away the funding rounds and the keyword soup, and the mission is narrower than it sounds. Stepful trains people who were largely shut out of the old system - adults without college degrees, career changers, low-income and underserved communities - and routes them into jobs that pay and tend not to disappear. The $28 billion healthcare-training market is the size of the prize. The shortage is the reason it exists.

There's a quieter version of the same idea on the employer side. If a hospital can train its own medical assistants instead of bidding against three other hospitals for the same scarce hire, the whole system gets less zero-sum. More trained people is the only move that helps everyone at once. It is, conveniently, also Stepful's business model.

Why it matters tomorrow

The box on the doorstep, three years later

The shortage isn't going away by 2026. The wages are still rising, the shifts are still unfilled, and the job boards are still busy moving the same people around. What's changed is that there's now a supply-side answer running at scale, with the completion numbers and the employer contracts to suggest it works.

Go back to that cardboard box on the doorstep. Three years ago, the person opening it would have been told the path was two years and twenty thousand dollars away, if they could find a seat at all. Now the box is the path. They open it on a Tuesday, and by spring they're certified, placed, and on a clinic floor. The crisis is too big for one company to fix. But the box keeps showing up, and the line at the other end keeps getting shorter.

The shortage is too big for one company to solve. So Stepful stopped trying to solve the shortage, and started solving the doorstep.- Where the story lands

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