About Sumary
Sumary is a Copenhagen startup building an AI operating system for accounting work. Its platform automates monthly financial closes, VAT returns and year end preparation for accounting firms, working across client systems and preparing tasks for accountants to review and approve.
The company works with the majority of the 20 largest accounting firms in the Nordics and has signed contracts with leading firms in the United Kingdom, including Deloitte, Grant Thornton and Baker Tilly. Firms using the platform report spending 50 percent less time on monthly closes and 75 percent less time preparing VAT returns after three months.
Sumary raised a $25 million seed round in November 2026 led by Singular, with byFounders, Partech and Tenity taking part, to expand across Europe. London will become its commercial hub while Denmark remains the centre of its technology development and AI research.
Founders
Funding History
Frequently Asked Questions
What does Sumary do?
Sumary builds an AI operating system for accounting work. It automates monthly financial closes, VAT returns and year end preparation, preparing tasks for accountants to review and approve.
Who founded Sumary?
Sumary was founded by Pascar Sivam, Bastian Schneider, Lucas Rantzau, Frederik Hvilshu00f8j and Frederik Skov Wacher. Sivam is chief executive and Schneider is chief bookkeeper.
How much funding has Sumary raised?
Sumary has raised $29.2 million in total: a $4.2 million pre-seed round and a $25 million seed round led by Singular in November 2026.
Where is Sumary based?
Sumary is based in Copenhagen, Denmark, with London as its commercial hub. It is expanding across Europe, starting with the Benelux region.
