Stepful Analysis: $32M Raised
What is Stepful?
Stepful provides online training programs that prepare students for healthcare certification and job placement. The company combines flexible coursework, live instruction, interactive lessons, and career support across multiple allied health roles. Stepful reports 34,000+ graduates, 30,000+ active students, and 8,000+ clinical partner sites nationwide.
Location
550 West 45th Street, New York, New York 10036, US
Employees
201-500
Founded
2021
Revenue
<$5M
Product Features & Capabilities
- Medical Assistant Program, Pharmacy Technician Program, 4 months online training, 80 clinical hours for Medical Assistant, 130 clinical hours for Pharmacy Technician, NHA certification preparation, job coaching services, 87% CCMA certification pass rate, 75% CPHT certification pass rate.
Pricing
-
Medical Assistant Program:
- Pay with a loan: $166 per month for 12 months (after a $59 deposit).
- Pay as you go: $249 every 2 weeks over 8 payments (after a $59 deposit).
- Full tuition refund available if dropped within the first two weeks.
- Partial scholarships available; contact admissions for details.
-
Pharmacy Technician Program:
- Pay with a loan: $166 per month for 12 months (pay $59 to secure your spot now).
- Pay as you go: $249 every 2 weeks over 8 payments (pay $59 to secure your spot now).
- 0% interest.
How much Stepful raised
Series B - $31.5 million
Not specified in the sourceLead Investor: Oak HC/FT, Y Combinator, and others
Who are the founders of Stepful
Investors
- Reach Capital
- Y Combinator
- Company Ventures
- Equal Opportunity Ventures
- AlleyCorp
- SemperVirens
- Oak HC/FT
Competitors Overview
Stepful faces competition from several key players in the healthcare job training and placement industry. Notable competitors include:
-
CareerStep: Offers online courses and certification programs for various healthcare professions, including medical coding and pharmacy technician training. Their established reputation in the field makes them a significant competitor.
-
MedCerts: Provides online training programs for healthcare careers such as medical assistant and medical billing. They focus on preparing students for certification exams and job placement, similar to Stepful.
-
Ultimate Medical Academy (UMA): A prominent competitor that offers both online and on-campus healthcare training programs. They cover areas like healthcare management and medical billing, providing a broader range of educational options.
-
ProTrain: Offers a variety of healthcare courses, including medical assisting and phlebotomy. They emphasize flexible and affordable training options, appealing to individuals looking to enter the healthcare field.
Stepful distinguishes itself by specifically targeting individuals without college degrees, offering specialized training and job placement support tailored to the healthcare sector. This niche focus, along with strong industry partnerships and personalized guidance, provides Stepful with competitive advantages over its rivals.
Business Model
Revenue from tuition fees for training programs and employer partnerships for job placements.
Market Focus
Stepful primarily focuses on the healthcare training industry, offering online training programs for aspiring medical professionals, such as medical assistants and pharmacy technicians.
See something that needs updating? Suggest edits to this profile.