March 26, 2026
Clasp, a retention-driven recruitment tool for healthcare employers, has raised $20 million in funding.
Clasp helps healthcare organizations replace transactional sign-on bonuses with retention-based incentives—notably, loan repayment. It works with the likes of Boston Children’s Hospital, Memorial Sloan Kettering, Northwestern Medicine and Novant Health.
The series B round was led by Crosslink Capital and Digitalis Ventures, alongside other investors, bringing Clasp’s total raised to $50 million. The latest capital will accelerate Clasp’s expansion across health systems, deepen university partnerships and scale its infrastructure, the company said.
Since 2019, clinician turnover has steadily increased. In 2024, nearly half of clinicians were classified as high-risk for leaving. This turnover costs organizations a lot—upwards of $500,000 for physicians.
With student loan repayments being a significant monthly expense for medical students, Clasp aims to reduce turnover through loan-linked hiring, inspired by the military’s early commitment model. Employers commit to clinicians before graduation and repay student loans over time in exchange for tenure.
“Healthcare has been stuck in a cycle of hiring and rehiring,” Gabby Contro, partner at Crosslink Capital, said in an announcement. “Clasp addresses the economic drivers behind that cycle, which represents tens of billions of dollars in wasted spend. By aligning financial support with tenure, the company is building infrastructure for a more stable clinical workforce.”
Clasp supports employers with brand marketing, so their repayment programs are well-known. On the other side, it works with universities to recommend that financial aid offices refer students to Clasp. The company also helps widen the clinical candidate pool with its curated network of clinician influencers on TikTok, campus ambassadors and various association partners. Clasp then facilitates the administration of loan repayment, integrating with most student loan providers, and gamifies the experience for employees through nudges about their repayment status. Read rest here.