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Danish startup Light has raised $30 million in a Series A funding round, securing the backing of some of Europe’s most prominent venture capital firms and angel investors. The round was led by Balderton Capital, an early investor in fintech leaders Revolut and GoCardless, signaling strong confidence in Light’s vision to transform financial operations through artificial intelligence.

Founded in 2022 and headquartered in Copenhagen, Light develops AI-powered software designed to automate accounting, bookkeeping, and financial reporting. Its technology targets fast-growing companies that need flexible, scalable financial systems without the inefficiencies of traditional enterprise platforms.

Funding and Investor Confidence
The $30 million round attracted participation from Atomico, Cherry Ventures, Seedcamp, and Entrée Capital. Notable angel investors also joined, including Thomas Wolf, co-founder of AI research platform Hugging Face, and Charlie Songhurst, a former Microsoft executive and Meta board member.

CEO and co-founder Jonathan Sanders said the new funding will be used to accelerate Light’s commercial expansion, strengthen sales operations, and scale its product to meet increasing demand. The company has already opened an office in London and is preparing to launch a U.S. base in New York, aiming to tap into one of the largest enterprise software markets in the world.

Competing in a Crowded Market
Light enters a competitive but lucrative space. Global players like Microsoft, Oracle, and SAP dominate the financial software sector, but their systems are often considered complex, costly, and slow to implement. According to Sanders, many businesses spend one to two years adapting these platforms, only to find them rigid and outdated in fast-changing markets.

In contrast, Light’s approach focuses on speed, automation, and usability. Its clients include Lovable, the Swedish AI company recently valued at $2 billion, and Sana Labs, which is being acquired by Workday in a $1.1 billion deal.

AI’s Role in Finance
The broader AI-driven finance sector has seen rapid growth. Pigment, a business planning and forecasting startup, raised $145 million in 2023 at a valuation above $1 billion. Similarly, French accounting platform Pennylane doubled its valuation to €2 billion after securing €75 million earlier this year.

Sanders believes AI will fundamentally reshape how companies manage financial operations. “The future of numbers is text,” he explained, noting that AI agents can analyze corporate policies, reconcile data, and answer financial queries instantly—workflows that would otherwise take human teams weeks or months.

Next Steps for Light
Light’s strategy is now shifting toward larger enterprise clients, particularly those struggling with outdated processes and fragmented workflows. By integrating AI directly into financial management, the company hopes to provide a faster, smarter, and more scalable alternative to traditional enterprise software.

As venture capitalists increasingly bet on AI-driven solutions across industries, Light’s funding round underscores how automation in finance is emerging as one of the most promising frontiers. With fresh capital and global expansion underway, Light is positioning itself as a serious challenger to legacy giants and a potential new leader in enterprise financial software.