Summer Raises $9M Funding

Summer, a NYC-based provider of an end-to-end workplace student loan solution, raised $9M in funding.

The round was led by Rebalance Capital and SemperVirens, with participation from General Catalyst, QED, Flourish Ventures, Partnership Fund for NYC, Fenway Summer, and Gaingels.

The company intends to use the funds to expand its leadership team, grow its Advisory Board, and further enhance its tech-based solution.

Led by CEO Will Sealy, Summer makes it simple to implement a range of student loan and education assistance benefits. To this end, the company partners with employers to deliver benefits that empower employees to save for education, better manage their student loans, find forgiveness options, and lower monthly payments. As a Certified B Corporation, Summer has partnered with over 800 employers, financial institutions, unions, and government leaders to generate over $1.6 Billion in savings for borrowers.