Copenhagen-based Light gets €25.5M from Balderton Capital and others to replace old accounting systems with AI

Copenhagen-based Light, an AI-native finance platform, has raised $30M (approximately €25.5M) in a Series A funding round led by Balderton Capital. The funding brings Light’s total raised to $43M (approximately €36.6M).

Balderton Capital is a multistage venture firm with more than two decades of experience supporting Europe’s best founders from Seed to IPO.

“We’ve seen countless finance platforms over the years, but almost all of them tweak at the edges,” says 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 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.”

Atomico, Cherry, Seedcamp, and Entrée participated in the round alongside notable angels, including Thomas Wolf (Co-founder and Chief Science Officer, Hugging Face), Charles Songhurst (Board Member, Meta), and several customers-turned-investors.

The investment comes as the company reports 30x growth over the past 12 months, with customers reducing finance operations time by 84 per cent after switching from legacy ERPs.

The funding will accelerate the company’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 optimisation workbench and further build out the deployment department.

Light: Developing multinational accounting for modern companies

Founded in 2022 by serial entrepreneur Jonathan Sanders, Light addresses a crucial need in the market — providing financial tools that keep pace with hypergrowth companies scaling much faster than traditional SaaS businesses.

Light is a modern accounting and finance platform suitable for businesses of all sizes, capable of automating everything from payments to expense management and reporting across various jurisdictions.

The company has developed its entire platform with AI at its core, enabling organic software that evolves and improves over time, from database design to user experience.

The platform was built by a team drawn from Twitter, Pleo, Google, Spotify, Klarna, AWS, Booking.com, and Shopify.

Compared to legacy systems, which fail at processing 1M records, the Danish platform claims to handle 280 million in under a second.

Balance sheets are generated instantly. Multi-entity accounting, global payments, and expense management happen automatically across jurisdictions.

The platform’s AI matches human accuracy while catching errors that professionals often miss, claims the company.

“We’re not patching old systems with chatbots,” says 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 5 months just to expand into a new country. With Light, it happens instantly. 

Lovable, Sana, and Legora are among the hypergrowth companies that have replaced their fragmented finance tools with Light’s unified platform.

The platform already partners with established financial infrastructure, including JP Morgan, Adyen, and BDO, ensuring enterprise-grade reliability while delivering startup-speed innovation.