Clasp Secures $10 Million to Address Employment Challenges
Clasp Secures Major Funding to Innovate Workforce Solutions
Clasp, formerly known as Stride Funding, has recently closed an impressive venture funding round totaling more than $10 million. This oversubscribed round, led by the esteemed Crosslink Capital, significantly contributes to Clasp's mission of tackling pressing workforce shortages and the burden of student debt. With this new influx of capital, the company’s total funding surpasses $30 million, positioning it as a leader in innovative recruitment solutions.
Innovative Solutions for Workforce Shortages
Clasp aims to revolutionize the recruitment landscape, specifically targeting the healthcare sector, which faces significant talent shortages. The company’s platform is designed to help employers effectively recruit and retain vital talent in challenging roles, enhancing the overall workforce resilience. By addressing student loan concerns and fostering committed employer-employee relationships, Clasp is paving the way for a new approach to recruitment.
Supporting Healthcare Systems
With over 10,000 individuals currently benefiting from its services, Clasp has established strong partnerships within the healthcare industry. This includes collaborations with academic institutions and various healthcare entities across fields such as pediatrics, optometry, and veterinary services. These partnerships allow Clasp to play a crucial role in ensuring that healthcare facilities can attract and retain essential healthcare professionals.
A Focus on Long-Term Relationships
Clasp enhances the recruitment process by matching recent graduates and students with healthcare organizations committed to alleviating the burden of student debt. Candidates receive opportunities that include loan repayment options linked to their employment duration, thereby ensuring that talent development within the healthcare sector remains sustainable and cost-effective.
Testimonials from Industry Leaders
In a recent statement, Shaughn Korpalski, Senior Manager at MyEyeDr., emphasized the positive impact of working with Clasp, noting significant growth in their candidate pool and the establishment of a robust pathway for professionals in the healthcare field. This collaboration exemplifies the mutual benefits of Clasp's innovative model—both for students aiming to mitigate their educational debt and for healthcare institutions seeking dedicated talent.
Transforming Recruitment Practices
The challenges facing the healthcare recruitment landscape are profound. As noted by Tess Michaels, founder and CEO of Clasp, traditional recruitment methods, such as sign-on bonuses, do not address the core issue of retention, leading to cycles of constant recruitment without stability. Clasp’s unique solution fosters real connections that significantly improve long-term employee retention, benefitting both healthcare providers and professionals alike.
A Vision Rooted in Education
Crosslink Capital's Gabby Contro echoed this sentiment, recognizing Clasp's role in bridging the gap between education and employment effectively. Their approach not only addresses the student debt crisis but also aligns educational investments with career advancement opportunities. In doing so, Clasp positions itself as a transformative force within recruitment—tailoring solutions to the unique challenges of today’s job market.
About Clasp
Founded in 2018 by Tess Michaels, Clasp is dedicated to resolving critical recruitment issues prevalent in hard-to-fill job sectors. The company facilitates connections between students and organizations committed to investing in their education through support in repaying student loans over a multi-year employment commitment. This innovative framework not only supports economic mobility for students but also cultivates a skilled workforce ready to meet various industry demands.
Frequently Asked Questions
What is Clasp's primary mission?
Clasp aims to address workforce shortages and student debt through innovative recruitment solutions that foster long-term employer-employee relationships.
Who are Clasp's main partners?
Clasp collaborates with various healthcare systems and academic institutions to recruit and retain critical talent within the healthcare sector.
How does Clasp benefit students and employers?
Clasp offers students financial relief through reduced student debt and guarantees employment after graduation, while employers gain access to a dedicated talent pool.
What challenges is the healthcare sector facing?
The healthcare sector is experiencing a significant talent shortage, with projections indicating the need for millions of new healthcare workers in the coming years.
Who is behind the brand identity of Clasp?
The new brand identity for Clasp was developed by renowned designer Mackey Saturday, known for his contributions to global brands.
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