On April 25, 2023, Summer, PBC closed the transaction. The company has amended the terms of the transaction and has received $16,000,000 in the transaction. The company has received its second and final tranche.

The company has received $6,000,000 in the tranche. The tranche included participation from existing investors, QED Investors, LLC, General Catalyst Group Management, LLC, Story Ventures, Flourish Ventures, and new investors, New York City Investment Fund Manager, Inc., Gaingels, LLC, Calm Ventures and Avidbank Holdings, Inc. The company has received $18,000,000 in funding till date.