Light, a Copenhagen-based finance software company, has secured $30 million in a Series A funding round led by Balderton Capital, and joined by Atomico, Cherry Ventures, Seedcamp, and Entrée Capital, as well as prominent individual backers such as Thomas Wolf of Hugging Face and Charles Songhurst, a member of Meta’s board.
These funds will support Light’s push into the U.S. market with a new office in New York and an expansion of its engineering staff, planned to triple by mid-2026. The company also intends to launch new tools aimed at further optimising finance processes.
Since launching in 2022, the company has experienced rapid growth, with a reported 30-fold increase in business over the past year, as fast-growing companies increasingly shift away from traditional enterprise resource planning (ERP) systems.
The challenge Light aims to solve is clear: much financial software in use today was built decades ago and struggles to meet the needs of modern businesses that are expanding rapidly across borders. Dominated by longtime players such as Microsoft and Oracle, these legacy platforms often require costly customisation and months of implementation.
Jonathan Sanders, founder and CEO of Light, says, “We built finance software from scratch for how companies actually operate today. Companies shouldn’t have to spend $50,000 and 5 months just to expand into a new country. With Light, it happens instantly. ERP was built for factories. Light is built for the fastest-growing companies of the 21st century.”
Light’s platform takes a different approach, processing vast amounts of financial data, up to 280 million records in some cases, in the blink of an eye, and automating tasks such as multi-entity accounting, cross-border payments, and immediate balance sheet generation. Customers have reported cutting their finance team’s workload by more than 80 per cent after moving to Light.
Sanders explains that the company’s software was designed from the ground up with AI deeply embedded, rather than retrofitting existing products. Sanders emphasises that Light’s solution reflects the realities of how companies actually operate today. The engineering team, comprising executives from Google, Spotify, Klarna, and other leading technology firms, has developed a platform that handles complex workflows and compliance across multiple countries and currencies.
Rob Moffat, a partner at Balderton, said, “We’ve seen countless finance platforms over the years, but almost all of them tweak at the edges. Light is the first to throw out the old playbook. By rebuilding the general ledger from scratch instead of bolting onto legacy systems, they’ve unlocked the full power of AI. The result isn’t just faster, it’s a step-change. This is the financial platform hypergrowth companies have been waiting for.”
With customers such as Lovable, Sana Labs, and Legora already on board, Light is positioning itself as a next-generation platform for finance operations in fast-growing companies around the world.
