Sumary raises $25m and moves two co-founders to London
Singular led the round for the Copenhagen company, whose software prepares monthly accounts and VAT returns for accounting firms including Deloitte, Grant Thornton and Baker Tilly
- Seed round: $25m, led by Singular, announced on 10 November 2026
- Moving to London: co-founders Pascar Sivam and Frederik Skov Wacher
- Customers include Deloitte, Grant Thornton and Baker Tilly
- Next market: Benelux
Sumary connects to QuickBooks, Xero and Microsoft Dynamics 365 Business Central. A NetSuite connection is in testing and a Stripe connection is listed as coming soon. Sumary 2.0, released on 9 November, added consolidation and scheduled agents that run recurring work. Prices are not published, and sales start with a demo booking.
“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.”Pascar Sivam, co-founder and chief executive, Sumary
Sumary, a Copenhagen company whose software uses AI to prepare accounts for accounting firms, announced a $25m (£19m) seed round on 10 November. Pascar Sivam, its co-founder and chief executive, and Frederik Skov Wacher, its chief operating officer, are moving to London, BusinessCloud reported.
Singular led the round. byFounders, Partech and Tenity, which backed Sumary’s $4.2m (£3.1m) round in November 2025, invested again. Sivam called it the largest seed round for accounting software in Europe.
London becomes the sales base
The money will pay for a larger sales team and more of the accountants Sumary places inside each customer firm to help it start on the software. Product, engineering and AI research stay in Copenhagen, and Benelux is the next market.
Deloitte, Grant Thornton and Baker Tilly are among the accounting firms already using it.
What the software does
The software prepares monthly accounts, VAT returns and year-end accounts for each client, working with whichever accounting software the client already uses. An accountant reviews and signs off each one. Sumary says firms save more than 50% of the time the work used to take.
The company plans to show what it has been building next on 12 November.
Sources
- Sumary, “Our $25m seed round, led by Singular”, company announcement, 10 November 2026. https://sumary.com/news/seed-round
- BusinessCloud, “Sumary makes UK its commercial hub after $25m seed round”, 10 November 2026. https://businesscloud.co.uk/news/sumary-makes-uk-its-commercial-hub-after-25m-seed-round/
- Sumary, “Announcing Sumary 2.0”, company announcement, 9 November 2026. https://sumary.com/news/sumary-2-0
- Sumary, integrations page, read on 11 November 2026. https://sumary.com/integrations
- Sumary, news page and home page, read on 11 November 2026. https://sumary.com/news
