Clasp Raises $1.5 Million in Funding
Clasp, a New York-based SaaS platform for employee benefits infrastructure, raised $1.5 million in initial funding.
Base10 Partners led the round. Individual investors include Bedrock Capital founder Eric Stromberg, Check CEO Andrew Brown, and Willem Van Lancker, former head of incubation at Thrive Capital.
Founded in 2017, Base10 Partners is a venture capital firm investing in the automation of the real economy. Based in San Francisco, California, the firm prefers to make investments in companies operating in the automation applied to finance, food, healthcare, retail, operations, logistics, and construction sectors.
Founded by Amar Jasarbasic and Zach Zhang, Clasp is a company that specializes in embedded benefits administration within the HR and vertical SaaS sectors. The company enables platforms to integrate health benefits management, allowing customers to purchase and manage employee benefits directly within their products. Clasp's solution connects with major carriers, facilitating employers to link its existing plans seamlessly. Clasp's features include carrier integrations, plan enrollment, and payroll deductions.
Funding Details
Company: Clasp, Inc.
Raised: $1.5M
Round: Unknown
Funding Month: February 2024
Lead Investors: Base10 Partners
Additional Investors: Eric Stromberg, Andrew Brown, and Willem Van Lancker
Company Website: https://withclasp.com/
Software Category: Employee Benefits