Summer logo — Student Loan and Education Assistance Benefits, Simplified

Summer

Student Loan and Education Assistance Benefits, Simplified

Founded 2017 United States New York, United States 108 employees Venture round Total: $29.13M Finance, Financial Services +1

General Information

Company Name Summer
Founded Year 2017
Location United States New York, United States
Employees 108
Industries Finance, Financial Services, Human Resources
Funding Stage Venture round
Social

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About Summer

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 (9)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round $9.00M 8
Gaingels, QED Investors +6
08 Apr 2024
Series A $7.70M 10
Gaingels, Bertelsmann Digital Media Investments +8
25 Apr 2023
Non Equity Assistance Undisclosed 1
MassChallenge
21 Oct 2020
Seed Round $125.00K 2
Rough Draft Ventures, Financial Solutions Lab
22 Jun 2020
Series A Undisclosed 1
Flourish Ventures
30 Mar 2020
Series A $10.00M 5
Greycroft, NextView Ventures +3
26 Sep 2019
Non Equity Assistance Undisclosed 1
Grand Central Tech
01 Jan 2019
Seed Round $800.00K 2
Rough Draft Ventures, Story Ventures
20 Sep 2018
Seed Round $1.50M 6
Greycroft, NextView Ventures +4
12 Feb 2017

Summer Alternatives & Competitors

View All Alternatives
Summer vs

Maximizing Public Service Loan Forgiveness for a Brighter Future

Equity Crowdfunding
Finance, Financial Services
Summer vs
Savi
Savi United States

A social impact startup connecting 46 million Americans with student loans to better repayment and f...

Venture round
46 employees
Finance, Financial Services
Summer vs
Tuition.io
Tuition.io United States

Employer Solution for Tuition Assistance, Student Loan Wellness, Secure 2.0 Match, Contributions & L...

Series B
171 employees
Education, Finance

FAQ About Summer

Student Loan and Education Assistance Benefits, Simplified
Summer was founded in 2017.
Summer is headquartered in New York, United States.
Summer operates in Finance, Financial Services and Human Resources. Its work centres on student debt, technology, policy expertise and employee benefits.
Summer has approximately 108 employees.
Summer has completed 9 funding rounds, raising a total of $29.13M. The latest funding stage is Venture round.
Top alternatives and competitors to Summer include Innovative Student Loan Solutions, Savi, Tuition.io, Floatpays, Vault.co. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Summer and Innovative Student Loan Solutions are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Summer, https://bouncewatch.com/company/summer-1, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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