Funding

Texas-Based Light Raises $46M in Series A Funding

Sep 2, 2026 | By Devin Jacobs

SUMMARY

Light raised $46M in Series A funding led by Matrix.
The funding will support expansion, hiring, and software growth.
Light provides retail energy software for businesses.

Light, a Houston, Texas-based provider of retail energy software and a grid-orchestration platform, has raised $46 million in a Series A funding round led by venture capital firm Matrix.

The round also saw participation from Activate Capital alongside existing early-stage backers Spark Capital, Mischief, Gigascale Capital, MCJ, and BoxGroup.

The company will use the capital to expand into the PJM Interconnection territory, strengthen its workforce, scale its software infrastructure, and grow its data center business.

Funding Snapshot

Metric	Details
Fundraise Amount	$46M
Funding Round	Series A
Lead Investor	Matrix
Company	Light
Sector	EnergyTech / Grid Infrastructure
Headquarters	Houston, Texas, USA

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About Light

Founded in 2023, by Baker Shogry, and Adam Compain, Light is a power company that enables businesses to offer branded, and customized electricity products through an API platform. The company helps businesses launch embedded electricity plans that integrate directly into their existing products and services.

As a regulated electricity provider, Light manages licensing, wholesale power procurement, billing, customer support, compliance and Virtual Power Plant participation. Its platform allows businesses to offer electricity without building the required energy infrastructure themselves.

Core offerings include:

Embedded electricity plans
Retail energy software
Energy procurement and management
Virtual Power Plant participation

Core Technologies / Products / Services

Capability/Product	Application/Use Case
Energy API platform	Launching customized electricity products
Retail energy software	Managing electricity offerings
Grid orchestration	Supporting grid and VPP operations
Energy procurement	Wholesale power management

Leadership Comments

"Every decade has produced a new infrastructure layer that changed how companies build products and serve customers, from software to embedded financial services. Electricity is the next frontier," said Baker Shogry, co-founder and CEO of Light. "Light removes the barriers, enabling any company to offer tailored electricity services as seamlessly as they offer payments, financing or other products today."

"At Plaid, Baker saw how the right infrastructure layer can create entirely new categories of companies and products," said Matt Brown, Partner at Matrix. "Energy has reached a similar inflection point. The underlying infrastructure and operations have been too complex for enterprises to build themselves, so Baker, Adam and the team built Light to make embedded electricity possible."