Sumary Secures $25 Million Seed Round To Expand Accounting Software Across Europe

Sumary, an AI operating system for accounting firms co-founded by CEO Pascar Sivam, has raised a $25 million seed round led by Singular, reportedly the largest seed funding round for accounting software in Europe. The platform automates core accounting workflows, including month-end close, VAT returns and year-end preparation, helping firms save more than 50% of the time spent on these tasks. Its customers include major accounting firms such as Deloitte, Grant Thornton and Baker Tilly, with the new funding aimed at accelerating expansion across Europe, including the UK, Nordics and Benelux.

FOUNDERS: Pascar Sivam, Bastian Schneider, Lucas Rantzau, Frederik Hvilshøj & Frederik Skov Wacher

INVESTORS: Singular, byFounders, Partech, Tenity, Qonto, Linear, Dust, Synthesia, Public, Omnea

ROUND: Seed AMOUNT: $25,000,000

HQ: Copenhagen, Denmark

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