UNITED STATES OF AMERICA —Energy technology enterprise Light has secured $46 million in Series A funding, bringing its cumulative capital raised to approximately $60 million and expanding its overall capital foundation past $100 million when including credit facilities. The equity round was led by venture capital firm Matrix, with participation from Activate Capital alongside existing backers Spark Capital, Mischief, Gigascale Capital, MCJ and BoxGroup.
Founded by former Plaid product leadership, Austin-based Light develops API infrastructure that allows commercial enterprises to embed regulated electricity service into their native applications within weeks. The company manages underlying regulatory compliance, power procurement, billing, virtual power plant integration, and customer operations on behalf of non-utility platforms.
Rising power demand, accelerating artificial intelligence infrastructure buildouts, and escalating residential energy rates are pushing corporate enterprises to integrate energy management into customer acquisition models. By eliminating multi-year regulatory licensing processes and commodity risk management barriers, embedded electricity models allow platform partners to capture fresh recurring revenue streams and improve user retention through custom-tailored power plans.
The newly acquired capital will fund Light's geographic expansion into the PJM Interconnection footprint encompassing initial deployments across New Jersey, Pennsylvania, and Illinois, following established operations under ERCOT in Texas. Additionally, the company plans to broaden its product suite to include subscription-based electric vehicle charging options and integrated home battery management systems, directly supporting partner distribution channels across proptech, mobility, fintech, and residential solar sectors.
