Clasp

Clasp

AI-driven benefits administration for brokers

Overview

Preparing company summary.

Significant Headcount Growth

About Clasp

Simplify's Rating
Why Clasp is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Healthcare

Company Size

11-50

Company Stage

N/A

Total Funding

$1.5M

Headquarters

New York City, New York

Founded

2024

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Simplify's Take

What believers are saying

  • Clasp announced a $20M Series B on March 26, 2026, funding expansion.
  • Remote launched US Benefits powered by Clasp on April 28, 2026.
  • Beam integration expands Clasp into dental, vision, life, disability, and supplemental health.

What critics are saying

  • Paylocity, Gusto, and Paychex own payroll workflows, compressing Clasp's distribution by 2026.
  • Remote and Beam can disintermediate Clasp by building direct integrations and white-label controls.
  • If carrier or payroll integrations break, brokers lose trust and churn within one renewal cycle.

What makes Clasp unique

  • Clasp embeds benefits administration into Remote and payroll platforms, not standalone broker portals.
  • Its APIs automate enrollments, ACA, COBRA, and payroll deductions end-to-end.
  • Beam called Clasp its first live ancillary partner in April 2026.

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Funding

Total Funding

$1.5M

Above

Industry Average

Funded Over

1 Rounds

Angel funding comparison data is currently unavailable. We're working to provide this information soon!
Angel Funding Comparison
Coming Soon

Benefits

Health Insurance

Unlimited Paid Time Off

Home Office Stipend

Growth & Insights and Company News

Headcount

6 month growth

6%

1 year growth

14%

2 year growth

0%
AllBlogThings
Sep 18th, 2024
Clasp Secures Over $10 Million in Venture Round

Clasp secures over $10 million in venture round.

AlleyWatch
May 26th, 2024
#NYCtech Week in Review: 5/26/24 - 6/1/24

Clasp, an embedded HR benefits infrastructure and administrations platform, has raised $6.4M in funding according to a recent SEC filing funding from investors that include.

AlleyWatch
Mar 4th, 2024
The AlleyWatch Startup Daily Funding Report: 3/4/2024

Salvo Health, a care platform for those with chronic gastrointestinal conditions, has raised $5M in Seed funding led by City Light Capital and Human Ventures.

Axios
Feb 29th, 2024
Clasp, a SaaS platform for employee benefits infrastructure, raises initial funding of $1.5M

Clasp aims to improve the employee benefits experience, raises $1.5M

FinSMEs
Feb 29th, 2024
Clasp Raises $1.5M in Initial Funding

Clasp, a NYC-based provider of a modern employee benefits infrastructure, raised $1.5M in initial funding.

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