NEW YORK--(BUSINESS WIRE)--Today, Summer, an innovative approach to short-term rentals and vacation home ownership founded by former Airbnb employees, announced it has been selected as the winner of “Short Term Rental Experience Provider of the Year'' in the annual PropTech Breakthrough Awards, conducted by the leading independent market intelligence organization that evaluates and recognizes standout real estate technologies around the globe.
“The entire Summer team is honored to be named Short Term Rental Experience Provider of the Year by the PropTech Breakthrough Awards,” said Paul Kromidas, CEO, Founder, and Chairman of Summer. “This recognition is a testament to Summer’s mission to democratize vacation homeownership, help families achieve their long term goals and innovate the PropTech industry at large.”
This past year, Summer announced an $18M funding round from a group of leading investors, including QED and Viola FinTech, as well as a secured debt facility of up to $50M from Setpoint Capital. The company helps investors identify, design, furnish and operate short-term rentals.
Looking ahead, Summer will continue to expand, enabling other property managers to leverage its proprietary tools and technology to operate and streamline their own portfolio.
With thousands of nominations coming in from many of the brightest real estate technology companies around the globe, the competition was fierce for each award category. The mission of the annual PropTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of the top technology companies, solutions, and products in the real estate technology industry today.
About Summer
Summer is on a mission to make owning and managing a vacation rental stress-free for individuals, investors and other property managers. The company was founded in New York by Paul Kromidas and launched in 2022. To date, Summer has raised $30M in equity funding from investors including: QED, Viola FinTech, Lightspeed Venture Partners, 1Sharpe Ventures, as well as a number of strategic and angel investors. For more information about Summer, visit gosummer.com.
