Sumary raises $25 million seed to expand AI accounting software across Europe
Sumary raised $25 million in seed funding led by Singular, according to Tech.eu. Existing investors byFounders, Partech and Tenity also participated, along with several angel investors.
The Copenhagen-founded startup develops software that automates monthly financial closes, VAT returns and preparation for year-end. Its platform works with accounting firms and their existing systems, preparing tasks for accountants to review and approve.
Sumary plans to expand across Europe, starting with the Benelux region. It will establish London as its commercial hub while keeping its technology and AI research operations in Denmark. Tech.eu reports its customers include Deloitte, Grant Thornton and Baker Tilly.
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