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. By enabling employers to invest in future talent where it matters most-easing overwhelming student debt-Clasp creates lasting bonds between employers and employees. 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 student's future loan payments over a specified work commitment.