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Light secures $46 million in Series A funding led by Matrix to expand its embedded electricity services. The funding aims to enhance its rapidly growing partner ecosystem.

PRIVATESep 01, 20263 days ago

Amount Raised

$46 Million

Round Type

Series A

CopenhagenSoftwareArtificial IntelligenceSaasMachine Learning

Investors

Box GroupMcjGigascale CapitalMischiefSpark CapitalActivate CapitalMatrix

Description

Light, a power company focused on embedded electricity for businesses, has raised $46 million in Series A funding. The round was led by Matrix and saw participation from Activate Capital and existing investors. This funding will help Light scale its operations beyond Texas. The company's API platform enables quick launch of tailored electricity plans for partners.

Company Information

Company

Light

Location

Copenhagen, Capital Region Of Denmark, Denmark

About

Light is a new way to run multinational finances for technology companies. Built on best-in-class database architecture and native AI, we allow you to process billions of transactions from pdf to tax reporting. Crafted and built by the designers and engineers behind world-class companies like Spotify, X, AWS, Klarna, Google and Shopify, we empower multinational finances with a joyful user experience like no other.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Light raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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