# Clasp

**Source:** https://www.startuphub.ai/startups/clasp
**Profile type:** Startup

> Clasp helps healthcare employers build long-term talent pipelines by connecting with clinicians before graduation and tying student loan repayment to tenure.

## About

Clasp is a company that addresses the healthcare talent shortage by offering a unique model called ROTC (Retention Over Turnover Costs). This model, inspired by the military's early commitment structure, focuses on Loan-Linked Hiring. Clasp connects healthcare employers with aspiring clinicians before they graduate, offering incentives like student loan repayment in exchange for a commitment to work for a specified tenure. This approach aims to reduce turnover costs for healthcare organizations and build stable, long-term talent pipelines.

## Key facts

- **Slug:** clasp
- **Website:** https://www.clasp.com/
- **Location:** Boston, Massachusetts, USA
- **Founded:** 2020-01-01T00:00:00
- **Operating status:** Active
- **Total funding:** $20M
- **Sectors / tags:** Healthcare, Human Resources, Fintech, SaaS
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/clasp-health/
  - Twitter: https://twitter.com/ClaspHealth

## Frequently asked

### What does Clasp do?

Clasp is a company that addresses the healthcare talent shortage by offering a unique model called ROTC (Retention Over Turnover Costs). This model, inspired by the military's early commitment structure, focuses on Loan-Linked Hiring. Clasp connects healthcare employers with aspiring clinicians before they graduate, offering incentives like student loan repayment in exchange for a commitment to work for a specified tenure. This approach aims to reduce turnover costs for healthcare organizations…

### What is Clasp's revenue?

StartupHub estimates Clasp's annual revenue at $215.7M (range $108.4M to $440.0M, 42% confidence), based on comparable companies in the sector.

### What is Clasp's valuation?

StartupHub estimates Clasp's effective valuation at $1.1B (range $754.0M to $1.4B, 40% confidence), based on comparable companies in the sector.

### How much funding has Clasp raised?

Clasp has raised a total of $20M in funding. The most recent round on record is Series B.

### Where is Clasp headquartered?

Clasp is headquartered in Boston, Massachusetts, USA.

### When was Clasp founded?

Clasp was founded in 2020.

### What industry does Clasp operate in?

Clasp operates in Healthcare, Human Resources, Fintech, SaaS.

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