Summer
PrivateLast Round
Early Funding
Jul 1, 2025
Total Funding Raised
$75M
Momentum
Top 25%
of companies Caplight tracks
Company Overview
Summer is a financial technology company that provides a digital platform to help individuals and employees manage, reduce, and navigate student loan debt and education-related financial planning.
Sector
FinTech
Verticals
Personal Finance, Lending & Credit, HR, Vertical SaaS
Business Model
B2B2C
Customer Profile
Subscription SaaS
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Summer Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
Summer Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Early Funding | Jul 1, 2025 | ||||
| Series A Extension | Apr 8, 2024 | ||||
| Series A | Nov 8, 2023 | ||||
| Series A Extension | Apr 26, 2023 | ||||
| Series A | Sep 27, 2019 | ||||
Seed | Jan 1, 2018 |
Key People
Founding team and executive leadership
Summer Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Connecticut Innovations | Series A |
| Firstminute Capital | Series A |
| Merrimac Corporation | Series A |
| Gaingels | Series A, Series A Extension |
| Foundation Capital | Seed |
| Flourish Ventures | Series A Extension |
| SemperVirens Venture Capital | Series A Extension |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jan 1, 2026
Achieved Certified B Corporation status.
- Jan 1, 2026
Added ADP, City of New York, and Banc of California as customers.
Summer Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Summer's valuation, stock price, and market status.