Copenhagen-based fintech start-up Light announced on September 29, 2025, that it has secured $30 million in a Series A funding round. The round was led by Balderton Capital and brings Light’s total funding to $43 million, earmarked for team expansion and the growth of its AI accounting automation platform into the US market.

Balderton Capital, an early investor in companies such as Revolut, GoCardless, and Wagestream, led the Series A round. Additional participants included Cherry, Seedcamp, Entrée, and UK venture capital firm Atomico, which previously led a $13 million investment in Light in June 2024. Angel investors in the round featured Thomas Wolf, co-founder of Hugging Face, Charles Songhurst, a board member at Meta, and several customers who also became investors.

Founded in 2022 by CEO Jonathan Sanders, Light has developed an AI-based finance platform. This platform is designed to manage accounting and financial operations for scale-ups, emphasizing rapid processing of large volumes of financial data and automating multi-entity accounting across various countries. Light partners with major institutions including JP Morgan, Adyen, and BDO Global.

Proceeds from the Series A funding will facilitate Light’s geographic expansion, starting with the establishment of a new office in New York to cater to client demand in the US. The company also plans to triple its engineering team by the second quarter of 2026, launch a new process optimisation workbench, and further develop its deployment department.

Jonathan Sanders commented on the company’s approach, stating, “We’re not patching old systems with chatbots. We built finance software from scratch for how companies actually operate today.” He added, “Companies shouldn’t have to spend $50,000 and 5 months just to expand into a new country. With Light, it happens instantly.”