The round was led by Matrix and joined by Activate Capital and existing investors including Spark Capital, Mischief, Gigascale Capital, MCJ and BoxGroup. The round brings Light's total funding to approximately $60 million, with the company's capital base exceeding $100 million, including its credit facility, as it scales its rapidly growing partner ecosystem.

Light is a power company enabling businesses to offer branded electricity products through a modern API platform. As the regulated electricity provider, Light manages the complexity of providing electricity - including licensing, wholesale procurement, billing, customer support, and VPP participation - allowing businesses to embed customized electricity offerings directly into their products and services.