A $30M Series A for Light: building the global leader in modern ERP

TLDR

• Atomico and Balderton co-led a $30M Series A for Light, a modern ERP replacing NetSuite, after 30x YoY revenue growth.

Key Takeaways

• Light, founded by Jonathan Sanders and Filip Kozjak, launched commercially in 2025 after an Atomico-led Seed round with no scaled revenue at the time.
• Customers including Lovable, Sana Labs, and Legora report 84% reduction in finance operations time after switching from legacy ERPs.
• Light processes 280 million records in under a second; legacy systems reportedly fail at 1 million, and balance sheets generate instantly.
• The round includes Balderton, Entrée Capital, Cherry, Seedcamp, and angels Mario Götze, Thomas Wolf, Charles Songhurst, Joel Hellermark, and several customers-turned-investors.
• Light’s AI Agent automates receipt chasing, one example of its AI-native approach to financial operations.

Why It Matters

• European companies face multi-entity accounting complexity earlier than US peers, giving Light a structural right-to-win before expanding to US customers.
• Light is already winning US deals and displacing NetSuite head-to-head on performance, not just positioning or price.
• The Series A follows 30x revenue growth in under 18 months, suggesting the commercial launch in 2025 converted pilots at scale.

Atomico · 2025-09-25 · Read the original