Startup
Light
Copenhagen AI-native finance platform replacing legacy ERPs for fast-growing multi-entity companies: accounting, tax, payments and reporting across countries and currencies in one system.
| Founded | 2022, Copenhagen |
|---|---|
| Founders | Jonathan Sanders (CEO), Filip Kozjak (CTO) |
| Stage | Series A |
| Total funding | $43m |
| Last round | Series A, $30m, September 2025, led by Balderton Capital with Atomico, Cherry Ventures, Seedcamp and Entrée Capital; angels include Hugging Face co-founder Thomas Wolf |
| Earlier rounds | Seed $13m, June 2024, led by Atomico with Entrée Capital and Cherry Ventures |
| What it does | General ledger, multi-entity consolidation, tax, payments and reporting with AI that cleans and posts transaction data; a process-optimisation workbench and a New York office planned from the Series A |
| Traction | 30x growth over the past year; customers cut finance operations time by 84% after switching from legacy ERPs; more than 110 staff |
| Pricing | Not published |
| Markets | 19 countries across Europe, North America (US, Canada, Mexico) and Asia-Pacific (Australia, Singapore, Hong Kong, China, Malaysia) |
| Peers | Rillet, Campfire, DualEntry, Lensing AI, NetSuite |
Funding
- Announced rounds
- US$43m in two rounds
- Latest round
- Series A, US$30m, September 2025, led by Balderton Capital
Why it matters
Light raised $30 million from Balderton in 2025 after growing thirtyfold in a year, making it Europe’s leading AI-native ERP challenger alongside Lensing. It is aimed at the same multi-entity technology companies Rillet is winning in the US, and its New York office puts the two on a collision course.
Part of Accountio’s accounting technology coverage.
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