Copenhagen-based AI-native finance startup Light has secured $30 million in Series A funding led by Balderton Capital, with participation from Atomico, Cherry Ventures, Seedcamp, Entrée Capital, and angels including Thomas Wolf (Hugging Face) and Charles Songhurst (Meta). Light replaces legacy ERPs with a platform designed from the ground up for hypergrowth companies, automating multi-entity accounting, global payments, and expense management while processing 280 million records in under a second. The fresh capital will fund global expansion, including a new New York office, a tripling of the engineering team, and development of a process-optimization workbench, enabling businesses to scale finance operations without adding headcount or complexity.
Founded in 2022 by serial entrepreneur Jonathan Sanders, Light solves a critical problem: giving hypergrowth companies finance tools that can keep pace as they grow 10x faster than traditional SaaS businesses. While competitors bolt AI features onto decades-old architecture, Light built its entire platform with AI at the core — designed as organic software that evolves and improves over time, from database design to user experience.
The results are dramatic. Where legacy systems fail at processing 1 million records, Light handles 280 million in under a second. Balance sheets generate instantly. Multi-entity accounting, global payments, and expense management run automatically across jurisdictions. The platform’s AI matches human accuracy and catches errors professionals often miss.
“We’re not patching old systems with chatbots,” said Jonathan Sanders, founder and CEO of Light. “We built finance software from scratch for how companies actually operate today. Companies shouldn’t have to spend $50,000 and five 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 approach has attracted category leaders experiencing explosive growth. Lovable, Sana, and Legora are among the hypergrowth companies that have replaced their fragmented finance tools with Light’s unified platform. These businesses needed more than incremental improvements – they needed infrastructure capable of scaling at their speed without adding headcount or complexity.
The platform already partners with established financial infrastructure providers including JP Morgan, Adyen, and BDO, ensuring enterprise-grade reliability while delivering startup-speed innovation. Light’s engineering team, drawn from Spotify, Google, Klarna, AWS, Booking.com, and Shopify, has built a system primed for global companies rather than forcing businesses into rigid workflows.
The Series A funding will accelerate Light’s geographic expansion by setting up a new office in New York to meet client demand. The company plans to triple its engineering team by Q2 2026, launch a process-optimization workbench, and further build out the deployment department.
“We’ve seen countless finance platforms over the years, but almost all of them tweak at the edges,” said Rob Moffat, Partner at Balderton Capital. “Light is the first to throw out the old playbook. By rebuilding the general ledger from scratch instead of bolting AI 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.”
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Read the orginal article: https://arcticstartup.com/light-raises-e25-million/
