January 5, 2021
NextStep, a health care education and job placement company helping solve the caregiver crisis by retraining displaced workers to begin careers in the fast-growing health care sector, today announced a $2.5 million investment from new funders ZOMA Capital and ETF@JFFlabs, along with existing investors Springrock Ventures and JAZZ Venture Partners.
[NextStep] has the potential to revolutionize the growth and diversification of the frontline health care workforce.
ETF@JFFLabs Joins $2.5 Million Investment to Scale Training-to-Placement Model NextStep
According to the announcement, this comes at a time when the U.S. population is aging rapidly, causing demand for health care talent to grow at significantly faster rates than the broader demand for labor throughout the economy. Jobs such as certified nursing assistants (CNA) are projected to grow 41 percent by 2026, and the supply of overall health care workers is expected to fall short of projected global hiring demand by more than 15 million workers. Meanwhile, millions of U.S. workers have been displaced by the COVID-19 pandemic, artificial intelligence, and automation.
JFF’s mission of economic advancement for all involves accelerating innovative approaches to education and workforce development and expanding their impact. NextStep is at the forefront of applying technology to health care learning, which has the potential to revolutionize the growth and diversification of the frontline health care workforce. This is an urgent need, and we’re thrilled to help NextStep get there.
Joann Chen, director, ETF@JFFLabs
Investing in technology solutions that create opportunities for economic advancement for all. This report offers a look at the progress that ETF@JFFLabs and our portfolio companies have made in improving the lives and livelihoods of…
