Clasp

Summary active Updated May 23, 2026

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Location Boston, MA
Founded 2018
Latest Stage Series B
Total Raised $20M+

Investors

crosslink-capital series-b (2026)
digitalis-ventures series-b (2026)

Founders

Tess Michaels Founder & CEO

About

Clasp is a Boston-based healthcare workforce platform founded in 2018 by Tess Michaels that ties student loan repayment to clinician tenure — employers commit to clinicians before graduation and repay their student loans over time in exchange for sustained employment 123. The company reports retention rates 2.5x higher than traditional hiring models and more than $130M in employer commitments across thousands of programs 12. The $20M Series B announced March 26, 2026 was co-led by Crosslink Capital and Digitalis Ventures, with participation from Juvo, Strada Education, and operator-investors Frank Britt (former Penn Foster CEO and Starbucks Chief Strategy Officer) and Jason Nazar (founder of Comparably and Docstoc); the capital will accelerate expansion across health systems and deepen university partnerships 123.

Funding History

Date Round Amount Lead Co-investors
2026-03-26 Series B $20M Crosslink Capital, Digitalis Ventures Juvo, Strada Education, Frank Britt, Jason Nazar 123

What Investors Say

No independently sourced investor quotes found at this time.

What Founders Say

No independently sourced founder quotes found at this time.

Sources


  1. Yahoo Finance (BusinessWire), “Clasp Raises $20M Series B to Scale ROTC Model for Clinician Retention in Healthcare,” March 26, 2026. Accessed May 2026. https://finance.yahoo.com/sectors/healthcare/articles/clasp-raises-20m-series-b-160000841.html

  2. Pulse2, “Clasp: $20 Million Raised To Scale Clinician Retention Platform,” March 28, 2026. Accessed May 2026. https://pulse2.com/clasp-20-million-raised-to-scale-clinician-retention-platform/

  3. Intelligence360, “Clasp Raises $20M Series B to Scale ROTC Model for Clinician Retention in Healthcare,” April 2026. Accessed May 2026. https://www.intelligence360.news/clasp-raises-20m-series-b-to-scale-rotc-model-for-clinician-retention-in-healthcare/