Light Raises $46M Series A

Light, a Houston, Texas-based provider of a retail energy software and grid-orchestration platform, has raised $46 million in a Series A funding round. The company offers a cloud-based operating system designed to simplify the complexities of retail electricity market participation for businesses.

Investors

The round was led by Matrix, with participation from Activate Capital alongside existing early-stage backers Spark Capital, Mischief, Gigascale Capital, MCJ, and BoxGroup.

Light Use of Funds

The company will use the capital to fund its strategic commercial market expansion out of Texas into the PJM Interconnection regional transmission territory, grow its regulatory and energy procurement workforces, scale its core software infrastructure, and accelerate business development pipelines targeting hyperscale data center developers.

About Light

Founded in 2023 by CEO Baker Shogry, Light develops a full-stack, white-label energy infrastructure platform. The platform enables third-party businesses to launch and configure custom retail electricity plans, handling backend complexities such as regulatory compliance, wholesale power procurement, and customer billing to help homeowners monetize distributed energy resources.

Funding Details

Company Website: https://poweredbylight.com

Company: Light
Raised: $46M
Round: Series A
Funding Date: September 1, 2026
Lead Investor: Matrix
Additional Investors: Activate Capital, Spark Capital, Mischief, Gigascale Capital, MCJ, BoxGroup
Software Category: Energy Software
Source: https://www.finsmes.com/2026/09/light-raises-46m-in-series-a-funding.html