# Raise Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/raise-labs

- Industry: Education/Training
- Headquarters: San Francisco, US
- Website: www.raise.me
- Total disclosed funding: $20M
- Latest round: Series B (Jul 26, 2018)
- Investors on record: 8

## About

Raise Labs Inc. operates a platform that empowers students to earn scholarships for their academic and extracurricular accomplishments, fostering access to higher education.Founded in 2012 in San Francisco, US, Raise Labs Inc. delivers a micro-scholarship platform that connects high school students with colleges and universities. The company was acquired by CampusLogic, Inc. on July 2, 2020, for undisclosed financial terms. The CEO, Amir Rafeeq, has a notable history in the education technology sector, having previously founded other initiatives that support student education financing. Since its inception, Raise Labs has successfully completed five deals, with the latest funding round being a Series B that raised USD 15.00 mn, bringing the total amount raised to USD 15.00 mn and valuing the company at USD 85.00 mn.Raise Labs Inc. provides a micro-scholarship platform enabling students to earn scholarships based on academic and extracurricular achievements starting from the 9th grade. This program collaborates with various colleges and universities to reward students for accomplishments such as grades, athletic participation, and community service, effectively targeting low-income students who often lack access to financial resources for college funding.The revenue model of Raise Labs is centered around partnerships with educational institutions that provide micro-scholarships to students via the platform. Colleges and universities pay to feature on the platform and offer scholarships based on students' reported achievements. The firm operates under a B2B model, focusing on collaboration with educational institutions rather than direct consumer sales, and works to enhance student engagement by facilitating scholarship availability.In July 2020, following the acquisition by CampusLogic, Inc., Raise Labs plans to leverage recent funding to enhance its platform and expand its product offerings. The company is exploring the launch of new features designed to improve student engagement and streamline scholarship application processes. Additionally, there are intentions to expand into new geographic markets, with specific plans targeting regions where access to education funding is limited. The utilization of funds from the Series B round will support these initiatives, aiming to broaden the reach and impact of Raise Labs in the education technology sector.

## Funding rounds

- Series B, Jul 26, 2018, $15M — Salesforce Ventures, Chan Zuckerberg Initiative, Teamworthy Group, Strada Education Network
- Series A, Apr 22, 2015, $4.5M — SJF Ventures, First Round Capital, OWL Ventures
- Seed, Oct 29, 2012 — Imagine K12

## Investors

- Imagine K12 (https://capitalatlas.ai/funds/imagine-k12) — Seed
- SJF Ventures (https://capitalatlas.ai/funds/sjf-ventures) — Series A
- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Series A
- OWL Ventures (https://capitalatlas.ai/funds/owl-ventures) — Series A
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series B
- Chan Zuckerberg Initiative (https://capitalatlas.ai/funds/chan-zuckerberg-initiative) — Series B
- Teamworthy Group (https://capitalatlas.ai/funds/teamworthy-group) — Series B
- Strada Education Network (https://capitalatlas.ai/funds/strada-education-network) — Series B