Sumary secures $25M to expand its accounting software across Europe

Copenhagen-founded AI accounting software startup Sumary has raised $25 million in a seed funding round led by Singular, with participation from existing investors byFounders, Partech and Tenity. The round also attracted angel investors, including Steve Anavi (Qonto), Tuomas Artman (Linear), Stanislas Polu (Dust), Steffen Tjerrild (Synthesia), Jannick Malling (Public.com) and Ben Freeman (Omnea). The investment follows a $4.2 million pre-seed round completed less than a year ago. Founded by former McKinsey consultants Pascar Sivam (CEO) and Bastian Schneider (Chief Bookkeeper), alongside Lucas Rantzau (CPTO), Frederik Hvilshøj (Chief Scientist) and Frederik Skov Wacher (COO), Sumary develops an AI-powered operating system designed to automate accounting workflows and help firms manage their operations more efficiently. Accounting firms across Europe continue to rely heavily on manual processes while facing growing talent shortages and pressure to serve more clients without proportional