Series A · Climate tech
Light raises $46m Series A led by Matrix
The financing supports PJM expansion, regulatory and procurement teams, software and data-center business development.
Light raised $46 million in Series A financing led by Matrix. Mischief, Spark Capital, BoxGroup, Activate Capital, Gigascale Capital and MCJ participated.
The company will expand from Texas into PJM territory, grow regulatory and energy-procurement teams, scale software and develop relationships with hyperscale data-center developers. Light's platform supports partner-branded electricity plans for customers including Palmetto, GoodLeap and Ownwell.
Use of funds
Expand from Texas into PJM territory
Grow regulatory and energy procurement teams
Scale software infrastructure
Develop business with hyperscale data center developers
Funding history
Series A · This round$46M