Raise revenue hit $6.5 million in 2023
Raise generates revenue from 300 customers
Raise
300-Linden Street, San Francisco, California, 94102, United States
How Raise hit $6.5M revenue and 300 customers in 2023.
Raise.me is a platform that allows high school students to earn micro-scholarships for their achievements and activities in preparation for college. Students can earn scholarships from various colleges and universities based on their academic performance, extracurricular involvement, and other accomplishments. This helps to incentivize and motivate students to excel in their studies and engage in meaningful activities throughout their high school years.
2014
Founded
$6.5M
2022 Revenue
YOY
$147.2M
Funding
Raise Revenue
In 2022, Raise revenue run rate hit $6.5M in revenue.
2019
Raise hit $6.5M in revenue in 2019
2014
Raise launched in 2014 with $0 revenue
Raise Funding History
2017 Series C
Raise raised a Series C of $60M
2015 Series B
Raise raised a Series B of $62M
2013 Series A
Raise raised a Series A of $20.1M
2012 Seed Round
Raise raised a Seed Round of $4.5M
2011 Seed Round
Raise raised a Seed Round of $600K
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| 09/19/2017 | Series C | $60M | |
| 01/22/2015 | Series B | $62M | |
| 11/11/2013 | Series A | $20.1M | |
| 10/02/2012 | Seed Round | $4.5M | |
| 11/01/2011 | Seed Round | $600K |
Team
Raise has 69 total employees and 3 sales reps that carry a quota. They have 300 customers an engineering team of 13 and a marketing team of 6
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 69 |
| Engineer | 13(19%) |
| Sales | 3(4%) |
| Marketing | 6(9%) |
CEO/Founder
George Kirkland
George Kirkland is Chief Revenue Officer and Co-Founder of RaiseMe, where he oversees partnerships and business operations. Previously, Mr. Kirkland spent five years working in Investment Banking at Morgan Stanley. He is a University of Pennsylvania Graduate School of Education Fellow and was a Medlin Scholar at UNC Chapel Hill, where he double majored in Business and Public Policy.
Q&A
What`s your age?
34
Favorite online tool?
Google Apps, Gong.io
Favorite book?
Happiness Advantage
Favorite CEO?
None
Advice for 20 year old self
Use energy when young!
Customers
Raise has 300 customers.
Lifetime Months
172
x
Monthly ARPU
$1.8K
=
Lifetime Dollar
$308.6K
Acquisition Cost
$10K
Average Annual Price
$21.6K
Churn
Raise has an annual churn rate of 7.00%.
Gross Annual Dollar Churn
-7.00%
Annual Dollar Expansion
27.00%
Net Revenue Retention
120.00%
Raise Board of Directors
| Name | Position | Working Email | Personal Email |
|---|
Raise Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| George Kirkland | CEO | george@raiselabs.com | - |
Raise Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| George Kirkland | CEO | george@raiselabs.com | - |
Frequently Asked Questions about Raise
When was Raise founded?
Raise was founded in 2014.
How much revenue does Raise generate?
Raise generates $6.5M in revenue.
Who is the CEO of Raise?
The CEO of Raise is George Kirkland.
How much funding does Raise have?
Raise raised $147.2M.
How many employees does Raise have?
Raise has 69 employees.
Where is Raise headquarters?
Raise is headquartered in United States
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