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 enterprise Raise.me has secured $12m in venture capital financing, 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.