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Grantoo is a social gaming company that allows players to compete against each other to win tuition grants and donate to various charities. Founded by Dimitri Sillam and Mikhael Naayem in 2011, Grantoo opened in beta in the spring of 2012. With UCLA, Yale, Duke, Stanford, UC Berkeley, and USC participating in the beta, Grantoo gave away 30k in tuition grants and 10k in charity donations.

Grantoo hosts company-sponsored tournaments that allow users to play against each other to win money. Users are then required to pledge a minimum 10 percent of their winnings to a charity of their choice.

Along with $1.7 million funded by Angyal Capital, Olivier Douce, Olivier Legrain, Daniel Hechter, Jacques Berrebi and Pierre Lavail. Grantoo acquired Ex-Electronic Arts CTO Alan Price to house the development of the games and become Grantoo’s CTO.

Grantoo plans to become open to all campuses and give away $100,000 in the fall of 2012.