Copenhagen-founded AI accounting startup Sumary has raised $25 million in a seed funding round led by Singular, with participation from existing investors byFounders, Partech and Tenity, alongside several angel investors, as Vestbee was informed.
- Founded in 2025 by Pascar Sivam, Bastian Schneider, Lucas Rantzau, Frederik Hvilshøj and Frederik Skov Wacher, Sumary develops an AI-powered operating system that automates accounting workflows, including monthly financial closes, VAT returns and year-end preparation.
- The platform prepares these processes for accountants to review and approve, helping firms reduce manual work and dedicate more time to client advisory services.
- The company reports that accounting firms using its platform save more than 50% of the time previously spent on monthly financial closes. Its customers include major accounting firms such as Deloitte, Grant Thornton and Baker Tilly.
Details of the deal
- The round also attracted angel investors, including Steve Anavi from Qonto, Tuomas Artman from Linear, Stanislas Polu from Dust, Steffen Tjerrild from Synthesia, Jannick Malling from Public.com and Ben Freeman from Omnea.
- With the fresh capital, Sumary aims to accelerate its European expansion, starting with the Benelux region, while further investing in its product development and AI research teams. The company also plans to expand its team of accountants supporting customers with the implementation of its platform.
