Clasp applies a military-inspired ROTC model to healthcare by enabling employers to commit to clinicians before graduation and repay student loans over time in exchange for tenure. Its Loan-Linked Hiring approach replaces transactional sign-on bonuses with retention-based student loan repayment that vests with tenure; Clasp reports retention rates 2.5x higher than traditional hiring models. Across its network, employers have committed more than $130M in student loan repayment across thousands of programs, and customers include Boston Children’s Hospital, Memorial Sloan Kettering, MyEyeDr., Northwestern Medicine, Novant Health, OhioHealth, VCA Animal Hospitals, and others. The company plans to use the Series B proceeds to expand across health systems nationwide, deepen university partnerships, and scale the infrastructure that connects employers, schools, students, and financial institutions. Clasp was founded by Tess Michaels in 2018 and is based in Boston. The company positions student loan repayment as workforce infrastructure to reduce clinician turnover and support longer tenures.

Total raised

$44M

Funding rounds

5

Latest round

Series B

Latest activity

Mar 2026