Stepful
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Investors
Founders
About
Stepful is a New York-based healthcare workforce training platform founded in 2021 by Carl Madi, Tressia Hobeika, and Edoardo Serra 1. The company runs what it calls “school-as-a-service”: short, AI-assisted online training programs (typically four months) that take students with a high school diploma and place them into roles such as medical assistants, pharmacy technicians, phlebotomists, and nursing assistants 12. Programs are sold through employer sponsorships with health systems, making them debt-free for trainees 3.
As of the Series C announcement, Stepful had graduated more than 32,000 healthcare workers and partnered with 35+ major health systems, including Mount Sinai, Ochsner, and Providence 34. The company is a Y Combinator alum and went through the accelerator’s W21 batch 1.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-06-08 | Series C | $55M | Oak HC/FT | Foresite Capital, Hearst Ventures, Citi Impact Fund, SemperVirens, Y Combinator, Intermountain Health, ECMC Education Impact Fund 345 |
| 2024-11-13 | Series B | $31.5M | Oak HC/FT | Y Combinator, Reach Capital, AlleyCorp, SemperVirens, Company Ventures, Green Sands, ECMC Education Impact Fund, Intermountain Ventures, Cedar Pine 67 |
What Investors Say
Vig Chandramouli, Partner at Oak HC/FT, on leading the Series C:
“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.” 45
Jomayra Herrera, Partner at Reach Capital, who has worked with Stepful since its earliest stages, is identified by CEO Carl Madi as a partner who treats the company as her own 8.
What Founders Say
Carl Madi, CEO and Co-Founder, on the Series C and Stepful’s positioning:
“Stepful is not just a training platform - we are the foundational infrastructure for the future of the healthcare workforce.” 4
Madi has also described the company as “both an academic institution and a technology company” centered on employers, with the new funding earmarked to expand hospital partnerships, launch advanced degree programs (including registered nursing and imaging), and accelerate AI capabilities 5.
On Stepful’s earliest investors, Madi has said of Reach Capital:
“Reach has been with us since day one. They’re the kind of investors who say ‘we’ when they talk about Stepful.” 8
Sources
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Y Combinator company page, “Stepful: Online Training for Healthcare Jobs,” accessed June 2026. https://www.ycombinator.com/companies/stepful↩↩↩
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Stepful team page, “Carl Madi,” accessed June 2026. https://www.stepful.com/team/carl-madi↩
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BusinessWire press release, “Stepful Announces $55M Series C to Scale Its AI-Powered Training Platform Across the Healthcare Workforce,” June 8, 2026. https://www.businesswire.com/news/home/20260608013439/en/Stepful-Announces-$55M-Series-C-to-Scale-Its-AI-Powered-Training-Platform-Across-the-Healthcare-Workforce↩↩↩
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TheNextWeb, “Stepful raises $55M to train healthcare workers with AI,” June 8, 2026. https://thenextweb.com/news/stepful-55m-series-c-ai-healthcare-training↩↩↩↩
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Let’s Data Science / JustAINews, “Stepful Raises $55M to Scale AI Healthcare Training,” June 2026. https://letsdatascience.com/news/stepful-raises-55m-to-scale-ai-healthcare-training-e0c48dd8↩↩↩
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BusinessWire press release, “Stepful Secures $31.5 Million Series B Led by Oak HC/FT to Address U.S. Healthcare Worker Shortage,” November 13, 2024. https://www.businesswire.com/news/home/20241113248226/en/Stepful-Secures-$31.5-Million-Series-B-Led-by-Oak-HCFT-to-Address-U.S.-Healthcare-Worker-Shortage↩
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TechCrunch, “Stepful raises $31.5M to address healthcare staffing shortage with AI-powered training,” November 13, 2024. https://techcrunch.com/2024/11/13/stepful-raises-31-5m-to-address-healthcare-staffing-shortage-with-ai-powered-training/↩
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Reach Capital, “Our Journey With Stepful,” accessed June 2026. https://www.reachcapital.com/resources/thought-leadership/our-journey-with-stepful/↩↩