Social enterprise Raise.me has secured $12 million in venture capital financing, in a round led by new investor Redpoint Ventures , alongside Raise.me , SJF Ventures , First Round Capital and Owl Ventures . It’s that Catch-22 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 Penn State 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 enterprise Raise.me has secured $12 million in venture capital financing, in a round led by new investor Redpoint Ventures , alongside Raise.me , SJF Ventures , First Round Capital 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 Penn State 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.