Summer

Student Loan and Education Assistance Benefits, Simplified

General Information
Company Name
Summer
Founded Year
2017
Location (Offices)
New York, United States +1
Founders / Decision Makers
Number of Employees
108
Industries
Finance, Financial Services, Human Resources
Funding Stage
Series Unknown
Social Media

Summer - Company Profile

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.

Taxonomy: student debt, technology, policy expertise, employee benefits, student loan forgiveness, financial wellness, education savings, B Corp, turnover reduction, loan management, savings, certified B Corporation, employment partnerships, debt reduction, financial empowerment

Funding Rounds & Investors of Summer (9)

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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

View All 9 Funding Rounds

Latest News of Summer

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No recent news or press coverage available for Summer.

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