When was Summer founded?

Summer was founded in 2018 and raised its 1st funding round 1 year after it was founded.

Where is Summer located?

Summer is headquartered in New York City, United States.

Who is the current CEO of Summer?

Will Sealy of Summer. They have also founded 1 company.

How many employees does Summer have?

As of Sep 30, 2026, the latest employee count at Summer is 126.

Is Summer a funded company?

Summer is a funded company, having raised a total of $37.2M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Oct 01, 2019.

When was the latest funding round of Summer?

Summer's latest funding was a $***** Series B round on Apr 08, 2024, with participation from 7 investors.

Where does Summer rank among its competitors?

Summer ranks 2nd amongst 27 active competitors, of which 3 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Tuition.io, which secured an undisclosed amount in Apr, 2025.

Who are the top competitors of Summer?

Summer's top competitors include Tuition.io, Sproutly and Hawkes Learning. Among them, Tuition.io secured the most recent funding round in April, 2025.

Summer - 2026 Company Profile, Team, Funding & Competitors

Summer is a series B company based in New York City (United States), founded in 2018 by Paul Joo and Will Sealy. It operates as an Online student loan management solutions platform for financial institutions. Summer has raised $37.2M in funding from investors like QED Investors, Sempervirens Fund and Rebalance. The company has 27 active competitors, including 3 funded and 1 that has exited. Its top competitors include companies like Tuition.io, Sproutly and Hawkes Learning.

Company Details

Online student loan management solutions platform for financial institutions. It offers solutions for financial institutions and employers to help customers plan their student loan repayment. It also helps the borrowers to repay the loan quickly and improve credit score.

Website: www.meetsummer.com/
Social
Email ID: *****@meetsummer.org

Key Metrics

Founded Year

2018

Location

New York City, United States

Stage

Series B

Total Funding

$37.2M in 3 rounds

Latest Funding Round

Series B, Apr 08, 2024, $*****

Investors

QED Investors & 16 more

Ranked

2^nd among 27 active competitors

Employee Count

126 as on Sep 30, 2026

Similar Companies

Tuition.io & 42 more

View Summer's full profile

Summer has raised a total funding of $37.2M over 3 rounds. Its first funding round was on Oct 01, 2019. Its latest funding round was a Series B round on Apr 08, 2024 for $*****. 7 investors participated in its latest round. Summer has 17 institutional investors.

Here is the list of recent funding rounds of Summer:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 08, 2024	7258293	Series B	3775717	9112674	9907208	9693655
Apr 26, 2023	2018723	Series A	2423658	4113494	9166191	General Catalyst & 10 more
Oct 01, 2019	7461849	Series A	7823867	1555126	QED Investors	4741867

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View details of Summer's funding rounds and investors

The founders of Summer are Paul Joo and Will Sealy. Will Sealy is the CEO of Summer.

Here are the details of Summer's key team members:

Paul Joo: Co-Founder of Summer and founder of 1 other company.
Will Sealy: Co-Founder & CEO of Summer and founder of 1 other company.
Contact Info: 2 email addresses

View details of Summer's Founder profiles and Board Members

Summer's employee count trend

Summer has 126 employees as of Sep 26. Here is Summer's employee count trend over the years:

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Top competitors of Summer include Tuition.io, Sproutly and Hawkes Learning. Here is the list of Top 10 competitors of Summer, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Tuition.io 2011, Santa Monica (United States), Series B	Provider of student loan repayment and tuition assistance benefits	$14.4M	Wildcat Venture Partners, Atom Factory & 17 others	55/100
2nd	Summer 2018, New York City (United States), Series B	Online student loan management solutions platform for financial institutions	$37.2M	QED Investors, Avidbank & 15 others	50/100
3rd	Sproutly 2021, Sheridan (United States), Funding Raised	Financial services company that offers services to schools and families in Africa	-	ABV	41/100
4th	Hawkes Learning 1979, Mount Pleasant (United States), Funding Raised	Innovative educational courseware platform enhancing student success through mastery-based learning	-	Golden Vision Capital Americas	31/100
5th	Edufeez 2016, Bengaluru (India), Funding Raised	Online educational loans platform	-	-	31/100
6th	Flevo 2021, Santiago (Chile), Funding Raised	Online platform providing financial services for universities and students	-	Lupa Capital	29/100
7th	Let Me Know 2007, India, Unfunded	Proider of educational services	-	-	29/100
8th	ScholarPro 2010, New York City (United States), Deadpooled	Premium domain name marketplace offering registration, brokerage, and corporate services	$1.72M	MassChallenge, Sandbox Industries & 2 others	27/100
9th	meinBafög 2016, Cologne (Germany), Funding Raised	Online platform providing student loans	-	-	26/100
10th	Bukas 2019, Portugal, Unfunded	Mobile-based platform providing student financial assistance solutions	-	-	25/100