Danish fintech start-up Light has raised $30 million in a Series A funding round to grow its team and expand its AI accounting automation platform to businesses in the US. The round was led by Balderton Capital, an early backer of the likes of Revolut, GoCardless, and Wagestream, and brings Light’s total funding to $43 million.
Cherry, Seedcamp, and Entrée participated in the round alongside angels Thomas Wolf, co-founder of Hugging Face, Charles Songhurst, board member at Meta, and “several customers-turned-investors”, according to a company statement. UK venture capital firm Atomico also supported the round, after leading a $13 million investment for Light in June last year.
Founded by CEO Jonathan Sanders in 2022, Light has developed an AI-based finance platform designed to handle accounting and financial operations for scale-ups, with a focus on processing large volumes of financial data at speed, and automating multi-entity accounting across different countries.
With partners JP Morgan, Adyen and BDO Global, the company statement adds that the funds from the Series A will be used to “accelerate Light’s geographic expansion by setting up a new office in New York to meet client demand”. The Copenhagen-based company plans to triple its engineering team by Q2 2026, launch a process optimisation workbench, and further build out the deployment department with the fresh funding.
“We’re not patching old systems with chatbots,” Sanders comments. “We built finance software from scratch for how companies actually operate today.” He continues: “Companies shouldn’t have to spend $50,000 and 5 months just to expand into a new country. With Light, it happens instantly.”
Source: https://www.fintechfutures.com/
