For CEO Preston Silverman, the round is a validation of RaiseMe’s approach, which has been informed by behavioral science. “Shorter feedback loops lead to better outcomes overall,” he says. “You help students break down this goal of having a 4.0 GPA into the smaller milestones.” The funding will support RaiseMe’s expansion into community college, where it aims to serve the growing number of students pursuing a “2+2” degree: two years at community college, followed by two years at a state or private university. The 2+2 strategy helps lower the cost of college, but can be challenging to execute without advance knowledge of how credits transfer. “We believe this platform can help them complete the community college, as well as set them up for success when they transfer to a four-year school,” Silverman says.

https://www.fastcompany.com/90206816/exclusive-zuckerberg-backed-micro-scholarship-startup-raises-15-million