About Summer
Summer is a company based in New York (United States) founded in 2018 by Paul Joo and Will Sealy. It operates as a Subscription Services and Managed Services. Summer has raised $34.51 million across 3 funding rounds from investors including Avidbank, Partnership for New York City and Rebalance Capital. Summer offers products and services including Student Loan Relief, Education Assistance, and Employer Student Loan Benefits. Summer operates in a competitive market with competitors including Tuition.io, ScholarPro, Sproutly, Versura and MereExams, among others.
- Headquarter New York, United States
- Founders Paul Joo, Will Sealy
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Sectors
EducationFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Summer, Pbc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$34.51 M (USD)
in 3 rounds
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Latest Funding Round
$18.51 M (USD), Series B
Apr 08, 2024
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Investors
Avidbank
& 12 more
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Employee Count
Not available
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Products & Services of Summer
Summer offers a comprehensive portfolio of products and services, including Student Loan Relief, Education Assistance, and Employer Student Loan Benefits.
Student loan relief solutions are provided for individuals.
Education cost planning support is offered to employees.
Student loan benefits are facilitated for employer programs.
People of Summer
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Funding Insights of Summer
Summer has successfully raised a total of $34.51M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $18.51 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Summer
Summer has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Avidbank, Partnership for New York City and Rebalance Capital.
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Venture capital fund investing in early-stage start-ups
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Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs.
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Investor details for Summer
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Summer
Investment portfolio details for Summer
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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Financial Statements - Summer
Detailed financials for Summer
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Summer Comparisons
Peer comparison for Summer
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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Competitors of Summer
Summer operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tuition.io, ScholarPro, Sproutly, Versura and MereExams, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Student loan repayment and tuition assistance benefits are provided.
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Provides premium domain sales and discounted registration with free support features.
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Financial services are offered to schools and families in Africa.
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Functions as an online exchange platform for education loans, connecting borrowers and lenders.
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Discovery portal for colleges, coaching institutes and tutors
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Detailed competitors of Summer
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Latest news on Summer
Complete news archive for Summer
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Frequently Asked Questions about Summer
Summer was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Summer is headquartered in New York, United States. It is registered at New York, New York, United States.
Will Sealy is the current CEO of Summer. They have also founded this company.
Summer is a funded company, having raised a total of $34.51M across 3 funding rounds to date.
Student loan relief and education cost planning are facilitated by Summer for individuals, employers, and government entities. Services are offered across financial wellness sectors, targeting student debt reduction and college savings. Solutions include optimizing debt repayment, advancing education through savings plans, reducing payments via contributions, and fostering growth with tuition support. Operations span partnerships with leading employers and government officials to deliver over 1.8 billion in savings.
Summer's top competitors include Tuition.io, Sproutly and Hawkes Learning.
Summer offers Student Loan Relief, Education Assistance, and Employer Student Loan Benefits.
Summer has 13 investors. Key investors include Avidbank, Partnership for New York City, Rebalance Capital, Sempervirens Fund, and General Catalyst.