Sumary raises USD 25 million seed round led by Singular

Mazanti-Andersen advised Singular as lead investor and byFounders as existing investor on the largest seed round ever for accounting software in Europe.

Danish AI company Sumary has raised a USD 25 million seed round led by Singular, the Paris- and London-based venture capital firm. The financing round is the largest seed round ever for accounting software in Europe, with existing investors byFounders, Partech and Tenity participating together with a group of angel investors.

Sumary automates the monthly close, VAT returns and year-end work for accounting firms, and already works with most of the Nordics’ 20 largest accounting firms.

With the new funding, Sumary plans to expand across Europe, starting with the Benelux region, while establishing London as its commercial hub and keeping Denmark as the centre of its technology development and AI research.

Congratulations to the entire Sumary team, and to all the investors in the round.

The Mazanti-Andersen Transactions team advised Singular as lead investor and existing investor byFounders on all aspects of the investment.

Our core team included: Julie Høi-Nielsen, Frederik Hasling, akob Mosegaard Larsen, Ben Brodersen Chudner, Kasper Fryd Jensen, Caroline Dybbro Andersen and Nini Dieu