We’re delighted to announce that we’re partnering with Light to lead their $13 million Seed round. Light has re-imagined the ERP concept from the ground up to deliver a financial suite that can dramatically help modern businesses through a general ledger that can run all of a company’s global transactions seamlessly. Since it was created in the 1980s, ERP (Enterprise Resource Planning) software has become widely adopted and sits underneath most businesses’ operations. It’s a market now valued at $81.5 billion and is projected to grow to $240 billion by 2032. But the incumbent software solutions were built for the businesses of forty years ago, rather than today's modern, global-first companies. What’s more, the general ledger has never really been fully solved by existing ERP software, and multinational businesses only have two options for their virtual general ledger: either manually reconcile single-entity based SMB accounting tools or spend months implementing a costly, enterprise-grade full ERP suite. Enter Light, founded by Jonathan Sanders and Filip Kozjak with a vision to transform the ERP suite. With Light: ✅ Companies can unify accounting, tax, payments and reporting across multiple countries and currencies. 🤖 Their AI can clean transactional data quickly and precisely, and ensure it is correctly recorded in the ledger. 💸 Users can save time and money and achieve greater accuracy with Light’s full-powered infrastructure and slick interface. Read the full story here👇 https://lnkd.in/eNRpzcDy
Incredible news, Atomico. Can’t wait to see Light’s impact on the industry.
Companies looking for an easy way to handle multi-entity, multi-currency and multi-countries can see more at https://light.inc