Tenity has co-invested alongside byFounders (lead), Partech, and a strong group of founders and operators including Christian Rasmussen (founder of Roger/Corpay and now Chairman) and Morten Primdahl (co-founder of Zendesk) in Sumary’s $4.22m pre-seed round, one of Denmark’s largest AI and fintech pre-seed rounds to date.
We are excited to share that Tenity has co-invested alongside byFounders (lead), Partech, and a strong group of founders and operators including Christian Rasmussen (founder of Roger/Corpay and now Chairman) and Morten Primdahl (co-founder of Zendesk) in Sumary’s $4.22m pre-seed round, one of Denmark’s largest AI and fintech pre-seed rounds to date.
Sumary is building the next generation of AI tools for bookkeeping teams, controllers and finance functions across Europe. Over the past six months the team has developed a powerful AI engine that works at transaction level to automate the most time-consuming workflows in finance: bookkeeping, reconciliation, error detection and reporting.
With Sumary, finance teams gain a new way of working with numbers. An AI that understands all financial data, checks every posting, answers complex questions and helps bookkeepers and finance professionals deliver world-class finance with a fraction of the effort. Early demand is already strong, with Sumary partnering with several of Denmark’s leading bookkeeping firms and CFO-service providers.
As Pascar Sivam, CEO and co-founder of Sumary, puts it:“Bookkeepers and finance teams are the unsung heroes of every business. But far too many processes are still manual, complex and time-consuming. With Sumary we are building an AI-driven co-pilot that automates bookkeeping, reconciliation, error detection and reporting while delivering deep financial insight based on transaction-level data.”
This reflects a broader shift in finance. AI is beginning to reimagine the workflows and tools that have powered SMB finance for decades.
Why we invested in Sumary
1. A product built exactly where the pain is felt most.
Sumary focused directly on the workflows that dominate the lives of bookkeepers and controllers. Accuracy, speed and visibility are the levers that matter most, and the team designed the product around these needs from day one.
2. The AI engagement layer is the right starting point.
Rather than asking SMBs to replace their existing systems, Sumary sits on top of the trusted ledger infrastructure already used across Europe. This creates instant time-to-value, avoids switching friction and naturally sets the stage for deeper ownership of the financial stack as automation compounds.
3. A team with proven execution in building tech-enabled businesses.
Pascar, Lucas, Frederik and Bastian have built and scaled tech-enabled companies themselves, giving them a strong instinct for customer pain, commercial velocity and product pragmatism. Combined with the speed they have already shown and the trust they have earned from leading bookkeeping firms, we see this as the winning team in the category.
Oliver Sjöstedt, Tenity adds: “AI is rewriting the finance stack, and Sumary is building the model every SMB will rely on in the future. The opportunity is enormous, and we’re proud to back the team leading it.”
With this investment, Tenity reinforces its commitment to backing visionary founders who are redefining the financial infrastructure of tomorrow. Sumary’s AI-native approach has the potential to transform how finance teams operate across Europe and beyond making financial workflows faster, smarter, and significantly more efficient. We are proud to support the team as they build the next generation of the finance stack.
