Danish startup Light has raised $30 million in a Series A funding round led by Balderton Capital, an early backer of fintech giants like Revolut. This investment, announced on September 25, 2025, aims to fuel the company’s growth in AI-driven financial software, helping businesses automate accounting and reporting tasks.
What Light Brings to Finance Teams
Light, founded in 2022 and based in Copenhagen, creates software that uses artificial intelligence to handle complex finance jobs. This includes automating bookkeeping, accounting, and financial reports, which saves time for growing companies.
The startup targets fast-scaling businesses that need quick and flexible systems. Unlike traditional tools from big players like Microsoft, Oracle, and SAP, Light’s platform avoids the need for long setup times. Users can expand operations without hiring extra specialists.
Jonathan Sanders, Light’s CEO and co-founder, explained that many older systems require months of tweaks to work right. Light’s approach lets companies focus on growth instead of paperwork.
Details of the Fresh Funding Round
Balderton Capital led the $30 million Series A round, with participation from Atomico, Cherry Ventures, Seedcamp, and Entrée Capital. Angel investors included Thomas Wolf from Hugging Face and Charlie Songhurst from Meta’s board.
This follows Light’s $13 million seed round in 2024, which helped the company exit stealth mode and build its core product. The new funds will boost commercial efforts, including hiring sales teams and expanding features.
Light plans to use the money to meet rising demand. It recently opened a London office and eyes a New York base for U.S. customers.
Here is a quick look at Light’s funding history:
| Funding Round | Amount Raised | Lead Investor | Year |
|---|---|---|---|
| Seed | $13 million | Atomico | 2024 |
| Series A | $30 million | Balderton Capital | 2025 |
Growing Competition in AI Finance Tools
Light joins a wave of European startups using AI to modernize finance. For example, Pigment raised $145 million last year at over $1 billion valuation for its planning software. Pennylane, another accounting firm, secured 75 million euros this year, doubling its value to 2 billion euros.
These companies challenge established giants by offering easier, AI-powered alternatives. Venture capitalists are betting big on AI in finance, with global investments in fintech AI reaching over $10 billion in 2025, according to recent industry reports.
Light’s edge comes from serving innovative clients. It counts Swedish AI firm Lovable, valued at $2 billion, and Sana Labs, set for a $1.1 billion acquisition by Workday, among its users.
Expansion Plans and Market Impact
With the new funding, Light aims to grow its team and reach more markets. The London office supports European expansion, while the planned New York site targets American firms hungry for AI tools.
Sanders highlighted the need for systems that scale fast. This fits trends where businesses adopt AI to cut costs and boost efficiency amid economic pressures.
Key benefits of Light’s software include:
- Real-time financial insights without manual data entry.
- Automated compliance checks to reduce errors.
- Integration with existing tools for seamless upgrades.
Why This Matters for Businesses Now
The rise of AI in finance reflects broader tech shifts. Recent events, like the 2025 surge in AI investments across Europe, show investors seeking practical applications beyond hype.
Light’s success could inspire more startups to tackle outdated corporate tools. For companies, it means simpler ways to manage finances during rapid growth.
As AI evolves, tools like Light’s might reshape how CFOs work, making advanced tech accessible to smaller firms.
What do you think about AI transforming finance? Share this article with your network and drop your thoughts in the comments below to join the conversation.
