# Summer, PBC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/summer-pbc

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.meetsummer.org/
- Total disclosed funding: $18M
- Latest round: Series A (Apr 25, 2023)
- Investors on record: 11

## About

Based in New York, US, and founded in 2017 by co-founders Will Sealy (CEO), Paul Joo JD, and Vincent Tran, Summer, PBC operates as a provider of customized student loan and education assistance solutions to employers, HR teams, and financial institutions, simplifying the management of student debt and education benefits. In April 2024, Summer, PBC raised USD 9 million in venture funding co-led by Rebalance Capital and SemperVirens Venture Capital, with participation from Fenway Summer Ventures, General Catalyst Partners, QED Investors, Flourish Ventures, Partnership Fund for New York City, and Gaingels. As of 2024, the company’s client base includes Current, Asurion, Sourcewell, and TechSmith.

The company provides a wide range of financial services, such as student loan optimization platforms, employer contribution solutions, and retirement match programs. Additionally, the firm also offers services such as government repayment program assistance, personalized financial planning, and on-demand student loan advisory support.

## Funding rounds

- Series A, Apr 25, 2023, $6M — General Catalyst Partners, Avidbank Corporate Finance, QED Investors, Partnership Fund for New York City, Gaingels, Story Ventures, Flourish Ventures, Calm Ventures
- Series A, Sep 26, 2019, $9.8M — General Catalyst Partners, Greycroft, NextView Ventures, QED Investors, Story Ventures
- Seed, Sep 20, 2018, $0.8M — Story Ventures
- Seed, Feb 12, 2017, $1.5M — Foundation Capital, General Catalyst Partners, Greycroft, NextView Ventures, Story Ventures

## Investors

- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Seed
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Seed, Series A
- Greycroft (https://capitalatlas.ai/funds/greycroft) — Seed, Series A
- NextView Ventures (https://capitalatlas.ai/funds/nextview-ventures) — Seed, Series A
- Story Ventures (https://capitalatlas.ai/funds/story-ventures) — Seed, Series A
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series A
- Avidbank Corporate Finance — Series A
- Partnership Fund for New York City (https://capitalatlas.ai/funds/partnership-fund-for-new-york-city) — Series A
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A
- Flourish Ventures (https://capitalatlas.ai/funds/flourish-ventures) — Series A
- Calm Ventures (https://capitalatlas.ai/funds/calm-ventures) — Series A