Total amount raised
$160.8 Million
Latest funding date
2024-09-17
Location
Clasp has emerged as a high-retention recruiting platform designed to address talent shortages by bridging the gap between education and employment. The platform connects students with employers who help repay their student loans, thereby securing their careers and reducing post-graduation debt burdens.
Clasp supports over 10,000 students and 1,140 schools and programs, with up to a 94% increase in retention. Keep reading to explore the intricacies of Clasp's fundraising journey and the investors backing this innovative platform.
What Is Clasp?
Clasp operates within the education and employment services industry, focusing on healthcare professions. Based in Boston, MA, the company aims to address critical talent shortages by connecting students with employers who help repay their student loans.
Clasp's platform benefits employers by building a sustainable pipeline of new hires and benefits students by reducing their financial burdens. The company collaborates with numerous schools and programs to increase retention rates and is featured in major publications.
How Much Funding Has Clasp Raised?
- Pre-Seed Round
- Date: September 2019
- Seed Round
- Amount Raised: USD 2,200,000
- Date: October 2019
- Lead Investors: GSV Ventures
- Seed Round
- Amount Raised: USD 1,500,000
- Date: July 2020
- Lead Investors: New U Venture Partners
- Series A Round
- Amount Raised: USD 12,000,000
- Date: December 2021
- Lead Investors: Firework Ventures
- Debt Financing
- Amount Raised: USD 30,000,000
- Date: October 2021
- Lead Investors: Silicon Valley Bank
- Debt Financing
- Amount Raised: USD 105,000,000
- Date: March 2022
- Lead Investors: Encina Lender Finance
- Series B Round
- Amount Raised: USD 10,149,999
- Date: September 2024
- Lead Investors: Crosslink Capital
Clasp has raised a total of USD 160,849,999 across all funding rounds.
Key Investors
- Crosslink Capital
- Details: Crosslink Capital is a venture capital firm based in San Francisco, known for its early-stage investments in technology and consumer companies. The firm has a history of backing innovative startups and helping them scale.
- Investment Focus Areas: Technology, Consumer, Fintech
- Notable Investments: Pandora, Ancestry.com, Coupa Software
- Encina Lender Finance
- Details: Encina Lender Finance provides financing solutions to specialty finance companies. They focus on offering flexible and scalable capital to their clients.
- Investment Focus Areas: Specialty Finance, Lending, Financial Services
- Notable Investments: Not publicly disclosed
- Firework Ventures
- Details: Firework Ventures is a venture capital firm that invests in companies transforming the future of work. They aim to support startups that are creating innovative solutions for the modern workforce.
- Investment Focus Areas: Future of Work, Technology, Education
- Notable Investments: Not publicly disclosed
- Silicon Valley Bank
- Details: Silicon Valley Bank is a high-tech commercial bank that primarily serves technology, life sciences, and venture capital clients. They offer a range of financial services tailored to the needs of startups and growth companies.
- Investment Focus Areas: Technology, Life Sciences, Venture Capital
- Notable Investments: Not publicly disclosed
- GSV Ventures
- Details: GSV Ventures is a venture capital firm that invests in the education technology sector. They focus on companies that are leveraging technology to transform education and learning.
- Investment Focus Areas: Education Technology, Learning, Workforce Development
- Notable Investments: Coursera, Course Hero, MasterClass
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