A clutch of venture capital firms, led by new investor Redpoint Ventures, alongside GSV Acceleration and previous investors Social Media Ventures has raised $ 12 m in venture capital funding , in a round led by new investor Redpoint Ventures , alongside GSV Acceleration , First Round Capital , SJF Ventures and Owl Ventures . Raise.me has changed the distribution of university scholarship funds and grants by awarding " micro - scholarships " to high school students for achievement in academic or extracurricular activities . This is a contrast to the current US student finance system , in which students are awarded a lump sum of financial aid once they have applied to , and been accepted by , a university .
Social Media Ventures has raised $ 12 m in venture capital funding , in a round led by new investor Redpoint Ventures , alongside GSV Acceleration , First Round Capital , SJF Ventures and Owl Ventures . Raise.me has changed the distribution of university scholarship funds and grants by awarding " micro - scholarships " to high school students for achievement in academic or extracurricular activities . This is a contrast to the current US student finance system , in which students are awarded a lump sum of financial aid once they have applied to , and been accepted by , a university .