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Copenhagen-founded AI accounting startup Sumary secures $25M in a seed funding round led by Singular to expand its software across Europe.

PRIVATENov 10, 2026

Amount Raised

$25 Million

Round Type

Seed

CopenhagenSoftwareArtificial IntelligenceEnterprise SoftwareFintechMachine LearningLegal TechSaaS

Investors

Ben FreemanJannick MallingSteffen TjerrildStanislas PoluTuomas ArtmanSteve AnaviTenityPartechByfoundersSingular

Description

Sumary has raised $25 million in a seed funding round led by Singular, with participation from existing investors byFounders, Partech, and Tenity, as well as several angel investors. This investment will help Sumary expand its AI-powered accounting software across Europe. The company aims to automate core accounting processes, helping firms operate more efficiently. Sumary's platform has shown to significantly reduce the time accounting firms spend on tasks like monthly closes and VAT returns.

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Company Information

Company

Sumary

Location

Copenhagen, Capital Region Of Denmark, Denmark

About

Sumary is a Copenhagen-founded AI accounting software startup that develops an AI-powered operating system designed to automate accounting workflows and help firms manage their operations more efficiently. Founded by former McKinsey consultants, the company aims to reduce time spent on manual accounting processes by leveraging AI technology. Sumary works with major accounting firms across Europe, enabling them to deliver better client services by streamlining their operations. Its platform has demonstrated significant time savings in monthly financial closes and VAT returns.

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Sumary raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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