Danish startup Light has raised $30 million in Series A funding to accelerate adoption of its AI-powered financial software. The round was led by Balderton Capital, with participation from Atomico, Cherry Ventures, Seedcamp, Entrée Capital, and angel investors including Thomas Wolf (Hugging Face) and Charlie Songhurst (Meta board member).
Founded in 2022, Light develops software that automates accounting, bookkeeping, and financial reporting. Its platform is designed to replace cumbersome legacy systems with AI-driven processes that adapt to the pace of fast-scaling companies. Customers already include Lovable, the Swedish AI firm recently valued at $2 billion, and Sana Labs, currently being acquired by Workday for $1.1 billion.
CEO and co-founder Jonathan Sanders said the company will use the funds to expand its commercial operations, following the opening of a London office and plans for a New York hub to meet U.S. demand.
“We service fast-growing, fast-scaling companies who need a system where they can expand really fast. No human team can continuously analyze, reconcile and update thousands of pages of policies for coherence. AI can.” ~ Jonathan Sanders, CEO and co-founder
Light enters a competitive market dominated by Microsoft, Oracle, and SAP, as well as newer entrants like Pigment, which raised $145 million last year, and Pennylane, which recently doubled its valuation to €2 billion. Sanders argues that legacy software often requires “tinkering around the edges for years” whereas Light’s AI agents automate complex workflows and accelerate financial reporting.
“The future of numbers is text” Sanders added, pointing to how AI can replace manual policy lookups with conversational access to financial rules and data.
With its Series A, Light has raised $30 million to date. The company now aims to deepen its focus on enterprise-level customers facing broken financial processes and workflows, positioning its AI-native platform as a faster, more adaptive alternative to traditional finance systems.
