Encouragingly stepping forward toward redefining finance operations, Danish business Light has raised $30 million in a Series A financing round supported by major investors, early supporters of Revolut, including Balderton Capital. Through artificial intelligence, the fresh capital will help Light’s goal of automating accounting, reporting, and expense operations and quicken its entry into new markets.
Built from scratch as an AI-native financial system rather than a retrofit on existing infrastructure, Light’s platform was created in 2022 by Jonathan Sanders, together with co-founder Filip Kozjak. The business says it can handle over 280 million records in under a second, a performance baseline many legacy ERPs find difficult to equal.
According to Light, clients changing from traditional systems claim an 84 per cent decrease in finance transaction time. Led by Balderton Capital with contributions from venture companies like Atomico, Cherry Ventures, Seedcamp, and Entree Capital, as well as angel investors like Meta board member Charlie Songhurst and Thomas Wolf (co-founder, Hugging Face). Light has amassed roughly $43 million as a result of this capital infusion.
Light promises to use the money to support its business activities, grow its engineering team, and increase its reach in significant Asia-Pacific markets. Already with a London branch, the business intends to launch a new base in New York to meet U.S. customer needs. Arguing that many incumbents provide inflexible systems requiring much often fail to adapt quickly. Hypergrowth firms need systems that scale effortlessly without months of setup, according to Jonathan Sanders, CEO of Light.
High-growth and tech-native companies like Lovable, Sana, and Legora are already included among Light’s clientele. To combine startup agility with corporate reliability, the platform works with leading financial infrastructure providers, including JP Morgan, Adyen, and BDO. Looking ahead, Light is depending on artificial intelligence to support the following wave of corporate finance efficiency. It aspires to offer an integrated platform where automation, policy enforcement, multi-entity accounting, and international payments work together as an intelligent, coherent unit.
