RaiseMe operates an online platform that aggregates scholarship opportunities and partners with colleges to offer students micro‑scholarships for achievements during high school and community college. The company’s service covers 25,000+ high schools and more than 250 college partners, and students have earned an average annual scholarship of $5,000 through the platform. Led by CEO and co‑founder Preston Silverman, RaiseMe aims to simplify access to college funding and increase student engagement with scholarship opportunities. The company plans to expand operations and its reach using the new proceeds and will launch RaiseMe for Community College Transfers, which introduces Micro‑Scholarships for transfer students, in the fall. Financially, RaiseMe announced an additional infusion of venture capital in 2018 to support these growth initiatives. Raise.me operates a platform that enables colleges and universities to award micro‑scholarships for academic and extracurricular achievements throughout a student’s high‑school career rather than as lump‑sum awards after application. The company’s goal is to encourage more students to apply by making financial aid visible earlier and to better align college and student incentives. Raise.me charges colleges for its services and positions the product as a more effective way to allocate existing aid and outreach spend. The service is used by 650,000 high‑school students in every state, 19,000 counselors in half of the nation’s high schools, and more than 225 colleges. On average, students can expect to receive $20,000 in financial aid to a college if they apply and are accepted, and Raise.me says colleges have awarded nearly $1 billion in student aid packages through the platform. Founded in 2012 and piloted in 2013, the company raised new financing to expand the service nationwide.

Total raised

$27M

Funding rounds

2

Latest round

Series B

Latest activity

Jul 2018