Strength in Numbers.
We've raised $25m to get Sumary into the hands of more accountants, faster.
A year ago, Sumary was a small team with a pre-seed round and a handful of accounting firms willing to build something new with us. Today, some of Europe's largest accounting firms work with Sumary, including Deloitte, Grant Thornton and Baker Tilly.
We're excited to announce our $25m seed round, led by Singular. It's the largest seed round for accounting software in Europe, and byFounders, Partech and Tenity, who backed us at pre-seed, are doubling down.
None of this happens without the accountants who trusted us with their clients' work early on. This round is as much theirs as ours.
What Sumary does
Sumary is an AI operating system for accounting work. It runs a firm's core workflows, from the month-end close to VAT returns and year-end preparation, across every client and on whichever ledger each client already uses. Each piece of work arrives prepared, ready for an accountant to review and sign off. Firms on Sumary save more than 50% of the time this work used to take.
Sumary also reasons across a client's full set of numbers, from the P&L to the balance sheet and cash flow. With Sumary's AI, an accountant can ask anything about a client's business and get an answer traced to the transactions behind it. That turns the hours saved into advice. Firms can tell every client, not just their largest ones, what is happening in their numbers and what to do about it.
"Sumary's AI and accounting workflows are a superpower every accountant deserves."
Mads Faurschou, Partner, Deloitte
If you lead a firm, see what Sumary can do for yours. Book a demo.
Behind Sumary is our AI research team, including PhDs in machine learning. Their job is to make the numbers more reliable. They test every leading model on our own benchmark of accounting tasks, then work on everything around the model: the harness, the context the AI is given, the guardrails it has to stay within, and the checks on every output. Much of the accuracy comes from that work. For a firm, it means the work its accountants sign off was prepared by AI that has been tested on accounting.
Why this matters
Every firm we work with has more work than people to do it. For years the answer was to hire, and there are no longer enough accountants to hire.
So a lot of valuable work never gets done. Most businesses could understand their numbers far better than they do. Their accountant could tell them, but the hours go to preparation. AI can now take that preparation on, and the time it frees up can go to the client.
The manual work was never the point of accounting. The judgment was.
We believe the accountants of the next decade will be worth more than ever, and that the firms who start working this way now will set the standard for everyone else. We want to be their AI partner along the way.
What comes next
This round lets us bring Sumary to every large accounting firm, and much faster. Firms across the Nordics and the UK already work on Sumary, and Benelux is next.
We'll grow our commercial team, so more firms can start sooner, and our forward deployed accountants, so every firm has accountants by its side from day one. And we'll keep investing in our research team, so the AI behind Sumary stays the best there is for accounting work. Copenhagen remains home to our product, engineering and AI research, and London to our customers.
We're hiring across all of it. Our open roles are here.
If you lead a firm, we'd love to show you what Sumary can do for you. Book a demo.
And on Thursday 12 November, we'll show you what we've been building next.
Thank you
To our customers, for building Sumary with us. To our team, for the year we've had. And to Singular, byFounders, Partech, Tenity, the angels who have been with us since the start, and the angels joining this round, Tuomas Artman (Linear), Steve Anavi (Qonto), Stanislas Polu (Dust), Steffen Tjerrild (Synthesia), Jannick Malling (Public.com) and Ben Freeman (Omnea), for backing us.
Let's go.
Pascar Sivam
CoFounder & CEO, Sumary
