Venture Capital News: Clasp Announces $10M Funding Round
Summary
BOSTON, MA, Stride Funding, now rebranded as Clasp, has closed an oversubscribed venture round of more than $10 million.The round was led by $4.6 billion venture firm Crosslink Capital, bringing its total funding to over $30 million. Other new strategic investors include SHRM and individuals like Marc Weill whose family is known for their contributions to leading healthcare institutions.Clasp, a retention-driven recruitment platform, was founded by Tess Michaels in 2018 to tackle critical talent shortages in hard-to-hire fields by bridging the gap between education and employment. Clasp believes employers having a stake in the cost of education leads to a more sustainable, equitable, and skilled workforce. Clasp works with current students in higher education to match them with companies nationwide looking to fill critical roles across their organization. Once matched, the organization agrees to pay some or all of the students future loan payments over a specified work commitment.