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Summer Raises $6 Million in Series A Funding to Help Americans Manage Student Loan Debt.

Summer Raises $6 Million in Series A Funding to Help Americans Manage Student Loan Debt.

April 28, 2023

New York, NY – Summer, the leading provider of innovative solutions for managing student loan debt, announced today that it has raised $6 million in Series A funding. The funding round was led by Greycroft, Gaingels, General Catalyst, QED Investors, BDMI, Flourish Ventures, Story Ventures, Fenway Summer, and Avidbank. The company intends to use the funding to expand its services and further its mission of helping all borrowers on their unique debt journey.

Co-founded by Will Sealy, Summer partners with enterprise employers, financial institutions, and unions to help their populations navigate and reduce student loan debt with proven technologies and a human touch. With a holistic approach to financial well-being, Summer's technology helps borrowers tackle their debt and achieve their financial goals.

As the leading certified B Corporation® in the financial services industry, Summer is committed to social responsibility and helping all borrowers navigate the complex world of student loan debt. With this latest funding, the company will be able to expand its reach and continue to help more people manage their student loan debt.

"We're excited to have the support of such a strong group of investors who share our vision of helping Americans manage their student loan debt," said Will Sealy, co-founder of Summer. "This funding will allow us to expand our reach and further our mission of providing innovative solutions that help all borrowers achieve their financial goals."

For more information about Summer and its services, please visit https://www.meetsummer.com/

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