Summer
The best way to own a second home.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| investor investor investor investor | €0.0 | round | |
| investor investor | €0.0 | round | |
* | $50.0m | Debt | |
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Summer is a modern approach to second home ownership, designed for individuals seeking flexibility and value. Founded by Airbnb alumni Woods Buckley and Paul Kromidas, the company leverages their extensive experience in scaling recognizable businesses. Summer operates in markets such as the Hamptons, Catskills, and Miami, with plans to expand further. The business model involves purchasing, furnishing, and maintaining homes, which clients can use as their own with the option to stay in any home within the Summer network without blackout dates. Revenue is generated through initial and monthly payments from clients who benefit from the dual advantage of ownership and rental flexibility. Summer is backed by top investors including QED and Lightspeed.
Keywords: second home ownership, flexibility, value, Airbnb alumni, Hamptons, Catskills, Miami, no blackout dates, low payments, top investors.