Summer is a B CorpⓇ that leverages technology and policy expertise to simplify and save on student debt. The company, founded in 2017 and based in the United States, offers an end-to-end student loan solution that has been proven to save employees an average of $40k and reduce turnover by 20%. As a Certified B Corporation, Summer has partnered with leading employers, unions, and governments across the United States, generating over $1,500,000,00 in savings. The recent $9.00M Venture Round investment on 08 April 2024 included notable investors such as Gaingels, QED Investors, General Catalyst, Fenway Summer Ventures, Flourish Ventures, Rebalance Capital, Partnership for New York City, and SemperVirens Venture Capital. Summer's innovative approach to addressing the student loan crisis has garnered substantial financial backing and positioned the company as a key player in the Financial Services industry. With its focus on empowering employees to better manage their student loans and pursue forgiveness options, Summer presents a compelling value proposition for both borrowers and investors.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture Round | $9.00M | 8 | SemperVirens Venture Capital | 08 Apr 2024 |
Series A | $7.70M | 10 | 25 Apr 2023 | |
Non Equity Assistance | Unknown | 1 | 21 Oct 2020 | |
Seed Round | $125.00K | 2 | 22 Jun 2020 | |
Series A | Unknown | 1 | 30 Mar 2020 |
No recent news or press coverage available for Summer.