Sumary has raised $25 million in seed funding led by Singular, with existing backers byFounders, Partech and Tenity participating. The Copenhagen company announced the financing on November 9.
The startup builds AI software for accounting firms, preparing recurring work for professional review rather than writing changes into a ledger without approval.
Accounting workflows with human sign-off
The platform handles preparation for monthly closes, VAT returns and year-end work across clients using different accounting systems. It also connects financial questions to the transactions behind the numbers.
Sumary says accounting firms including Deloitte, Grant Thornton and Baker Tilly use its software. Its claims about time saved are company-reported, not independently audited performance measures.
Expanding beyond the Nordics
The financing follows a $4.2 million pre-seed, bringing disclosed funding across the two rounds to $29.2 million. The $25 million figure refers to the new seed round, not lifetime capital.
The company plans further European expansion, including Benelux. Copenhagen remains its technology and research base, with London serving commercial operations.
The next operational test is whether its software can support more clients and accounting requirements while keeping source traceability and accountant review intact.
Sources
Sumary — official funding announcement · Tech.eu — financing and expansion. Photo: Sumary founding team, via Tech.eu.