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Danish Startup Light Raises $30M to Simplify Finance for Growing Companies

Prime Highlights:

  • Danish startup Light raised $30 million in Series A funding, led by Balderton Capital.
  • The company is expanding globally, with new offices in London and plans for New York.

Key Facts:

  • Founded in 2022, Light develops finance software to handle accounting, bookkeeping, and reporting.
  • The platform offers a simpler alternativeto complex systems from Microsoft, Oracle, and SAP.

Key Background:

Danish financial software startup Light has raised $30 million in Series A funding, led by Balderton Capital, an early backer of Revolut and GoCardless. This investment marks an important step for the Copenhagen-based company as it works to grow internationally and strengthen its position in the market.

Founded in 2022, Light makes software that helps finance teams with tasks like accounting, bookkeeping, and financial reporting. Their platform is designed to simplify and hasten these jobs, and companies have an easier choice than complex systems developed by Microsoft, Oracle and SAP.

The funding round also attracted participation from Atomico, Cherry Ventures, Seedcamp, and Entrée Capital. Notable angel investors included Thomas Wolf, co-founder of Hugging Face, and Charlie Songhurst, a board member at Meta.

Chief Executive and co-founder Jonathan Sanders said the fresh capital will allow Light to “double down on the commercial side” of its operations. The company recently opened an office in London and is preparing to launch a New York hub to meet growing U.S. demand.

Light already counts several fast-growing firms among its customers, including Swedish AI company Lovable, recently valued at $2 billion, and Sana Labs, which is being acquired by Workday for $1.1 billion. Sanders highlighted that the company’s target market is fast-scaling businesses that need efficient financial systems to support rapid growth.

The startup’s expansion comes amid a wave of investment in Europe’s finance and accounting technology sector. Rivals such as Pigment, a business planning platform, secured $145 million last year, while French firm Pennylane raised €75 million ($88.4 million) earlier this year, doubling its valuation to €2 billion.

Looking ahead, Light plans to focus on large enterprises struggling with complex financial workflows. Sanders noted that automation can help overcome “broken processes,” adding that no human team can continuously reconcile and analyze vast sets of policies with the speed and accuracy AI-driven systems can provide.

With this latest backing, Light joins a growing list of European startups reshaping the future of finance software, as investors increasingly look to artificial intelligence as the next major growth driver.