Light raises €25 million to replace legacy finance systems with AI-native platform
Light, an AI-native finance platform out of Copenhagen that processes 280 million records in under a second, today announced €25 million in Series A funding to expand to the US, triple its engineering team, and further build out the deployment department.
The round was led by Balderton Capital. Atomico, Cherry, Seedcamp, and Entrée also 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 funding brings total raised to €36 million.
“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 5 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.“
Founded in 2022 by serial entrepreneur Jonathan Sanders, Light says they solve a critical problem: providing finance tools able to keep pace with hypergrowth companies that are scaling much faster than traditional SaaS businesses. While competitors add AI features to decades-old architecture, Light explains they built their entire platform with AI at the core to be organic software that evolves and improves over time – from database design to user experience.
According to the company, 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 happen automatically across jurisdictions. The platform’s AI reportedly matches human accuracy while catching errors that professionals often miss.
In the broader 2025 funding landscape, Light’s €25 million Series A sits towards the upper middle of the pack among AI-enabled finance/FinTech rounds.
Some peers are raising in double-digit millions (€25 million for Finary, €115 million for Fnality), while others remain in Seed or sub-€10 million ranges (e.g. €825k for Eagl, €5.8 million for NaroIQ, €2.5 million for Allasso).
Many of these companies focus on solving discrete financial workflows (wealth tools, payments, fund infrastructure, month-end close), whereas Light appears to position itself as a full general ledger/ERP replacement built around AI.
“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 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.”
The investment comes as the company reports 30x growth over the past 12 months, with customers reducing finance operations time by 84% after switching from legacy ERPs.
Light’s engineering team is drawn from Spotify, Google, Klarna, AWS, Booking.com, and Shopify. Lovable, Sana, and Legora are among the 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.
The Series A funding will accelerate Light’s geographic expansion by setting up a new office in New York. The company plans to triple its engineering team by Q2 2026, launch a process optimisation workbench and further build out the deployment department.
EU-Startups has previously covered Light on multiple occasions. In June 2024, we reported on the company’s €12.1 million round to scale its AI-driven general ledger platform for global finance teams. More recently, Light was featured in a January 2025 article highlighting 10 promising Danish startups to watch in 2025 and beyond, where it was noted for its AI-powered approach to accounting and reporting.
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