Clasp Secures Over $10 Million in Venture Round
Clasp, previously called Stride Funding, has revealed that it has completed the fundraising for an over-subscribed venture round of more than $10 million. The funding was led by Crosslink Capital, a $4.6 billion venture firm, and brings Clasp’s total capital raised to over $30 million.
It also attracted new strategic investors, including SHRM and other key individuals like Marc Weill, whose family has supported several leading healthcare organizations.
The mission of Clasp is to focus on the key talent deficit areas, to help students reduce their debts, and to build stable employer-employee relationships. Its platform, active for over 10,000 people, helps healthcare employers find the staff they need.
Tess Michaels, the founder, and CEO of Clasp also highlighted the importance of the company’s work, saying that "The healthcare recruitment system is broken".
Healthcare recruitment continues to be a concern in the U. S., with the American Hospital Association estimating that the country will need an additional 3. According to the data, by 2026, 2 million healthcare workers will be required due to the growing need.
Clasp’s model helps to solve this problem by creating long-term employment relationships between employers and candidates, while healthcare institutions promise to repay student loans in exchange for multi-year work contracts.
The company has signed contracts with various healthcare institutions such as academic, pediatric, and home health organizations, and is also partnering with a large semiconductor company as it plans to expand to other industries experiencing similar workforce issues.
Shaughn Korpalski, Senior Manager of Campus, Branding, and ED&I at MyEyeDr. , praised Clasp's platform:
”We've proudly partnered with Clasp for the past two years, and the growth has been remarkable. As our collaboration has evolved, we've successfully increased our candidate pool while building a strong pipeline of healthcare professionals to meet our long-term goals. This program strengthens our dedication to ensuring the financial well-being of our talent, as well as maintaining high-quality care for our patients."
To the students, Clasp presents a definite financial plan after college, which includes wiping out student loans and the prospect of a job.
For healthcare institutions, Clasp presents a stable source of a dedicated workforce, which reduces the expenses on recruitment, and the necessity of using contracted employees and bonuses.
"Clasp is fundamentally reshaping how we solve some of the most pressing workforce challenges of our time," said Gabby Contro, Partner at Crosslink Capital.
"Their ability to align educational investment with career advancement not only addresses the student debt crisis but also creates a sustainable, high-impact solution for industries struggling with chronic talent shortages. Clasp's model isn't just innovative—it's transformative, and we are proud to back their bold vision to revolutionize recruitment and retention across healthcare and beyond."
With the company’s progression to continue its rebrand and mission of changing the way recruitment and retention is done not only in healthcare but in other industries as well, the new logo created by A Hundred Monkeys in collaboration with the designer Mackey Saturday is intended to embody Clasp’s new vision of building long-lasting and meaningful employer-employee relationships.
