Sumary announced a $25 million seed round on 10 November 2026, led by Singular, according to a post by chief executive Pascar Sivam on the company’s website and reports by Tech.eu, The Next Web, International Accounting Bulletin, Tech Funding News and StartupRise. Existing investors byFounders, Partech and Tenity took part. The company and several outlets list angel investors as Tuomas Artman of Linear, Steve Anavi of Qonto, Stanislas Polu of Dust, Steffen Tjerrild of Synthesia, Jannick Malling of Public.com and Ben Freeman of Omnea; The Next Web names only three of them. The valuation was not disclosed.

Funding history

Sumary’s previous round was a pre-seed of about $4.2 million led by byFounders with Partech and Tenity in late 2025, according to Tenity and byFounders; Øresund Startup News gave the amount as €3.6 million and a law firm that advised the company as DKK 27 million, which may be the same round in different currencies. The company has not stated a total raised; Tech Funding News prints $29.2 million, which is the sum of the two rounds.

What Sumary does

Sumary sells an AI platform to accounting firms. According to its post, it handles month-end close, VAT returns and year-end preparation across a firm’s client base, working on each client’s existing ledger, and passes the finished work to an accountant for review and sign-off. It also analyzes clients’ profit and loss, balance sheet and cash flow and answers accountants’ questions with answers linked to transactions. The company says Copenhagen remains home to its product, engineering and AI research and London to its customers. Tech.eu, The Next Web, International Accounting Bulletin and Tech Funding News report that Sivam and chief operating officer Frederik Skov Wacher are moving to London to lead UK growth. The post says the money will grow the commercial team, add “forward deployed accountants” who work alongside client firms, and continue investment in research; Benelux is the next market after the Nordics and the UK. Sivam said: “Accounting firms are being asked to do more with fewer people.”

Company claims

These claims come from the company and have not been independently verified. Its post says firms on Sumary save more than 50% of the time this work used to take, while Tech.eu, The Next Web and Tech Funding News report about 50% less time on monthly close and about 75% less on VAT returns after three months. The post says some of Europe’s largest accounting firms work with Sumary, including Deloitte, Grant Thornton and Baker Tilly; the outlets add that most of the 20 largest accounting firms in the Nordics are customers and that it has contracts with UK firms. The company calls the round the largest seed round for accounting software in Europe; The Next Web attributes that description to the company. No revenue or customer count was disclosed.

Sources and notes

Sources: Sumary’s post at sumary.com, dated 10 November 2026 and signed by Pascar Sivam; Tech.eu (Tamara Djurickovic), The Next Web (Ana-Maria Stanciuc), International Accounting Bulletin, Tech Funding News (Sofia Chesnokova) and StartupRise, all dated 10 November; the TechStartups roundup; and pre-seed posts by byFounders and Tenity. Lens could not open AccountingWEB’s report (access error) and did not find an announcement from Singular. The Deloitte partner quoted on Sumary’s site is named Mads Faurschou there and Mads Fauerskov in The Next Web’s report. Sources also differ on the pre-seed date and on whether the founders’ titles have changed since 2025.

Image: A desk with a calculator, an open handwritten notebook, a mouse and the back of a laptop. Photo: author not named on the Commons file page (via Unsplash), CC0, via Wikimedia Commons (file record dated 2016). Stand-in image; it does not show Sumary or its customers.