TLDR:
- Stride Funding, now Clasp, has closed an oversubscribed venture round of more than $10 million led by Crosslink Capital.
- Clasp’s retention-driven recruitment platform aims to address workforce shortages, student debt, and talent retention in hard-to-hire fields.
In a recent development, Stride Funding, rebranded as Clasp, has successfully closed an oversubscribed venture round of more than $10 million, with Crosslink Capital leading the investment. The total funding for Clasp has now exceeded $30 million, showcasing strong investor confidence in the company’s mission and growth potential.
Clasp’s unique retention-driven recruitment platform is specifically designed to tackle critical talent shortages in hard-to-hire industries. By helping employers recruit and retain talent in these fields, Clasp aims to not only reduce student debt but also foster long-term commitments between employers and employees. The company’s innovative approach has garnered support from new strategic investors like SHRM, as well as individual investors such as Marc Weill.
The rebranding of Stride Funding to Clasp signifies a shift in the company’s focus towards solving recruitment and retention challenges through a forward-looking strategy that benefits both employers and employees. With a current focus on the healthcare industry, Clasp has already established partnerships with various healthcare systems and plans to expand into other hard-to-hire sectors as the company continues to grow.
Clasp’s model has already shown promising results, with over 10,000 individuals supported on its platform. By widening candidate pools through a national network of universities and training programs, Clasp is able to match current students with healthcare institutions that commit to repaying their student loans over a multi-year work commitment. This approach not only provides financial relief for students but also ensures a steady pipeline of committed talent for healthcare institutions, ultimately reducing recruitment costs and improving retention rates.
With the healthcare industry facing a growing demand for workers, Clasp’s innovative model comes at a crucial time. By creating strong, lasting bonds between employers and employees, Clasp is reshaping how workforce challenges are addressed and revolutionizing recruitment and retention practices across multiple industries.
