What is Daylight?
Founded in 2020, Daylight offers banking services designed to resonate with the LGBT+ community, rewarding users for spending that aligns with their personal values. This unique approach positions Daylight as a challenger in the fintech space, aiming to foster a deeper connection with its user base by emphasizing ethical consumption and community support. The company's focus on value-driven banking services addresses a growing market segment seeking financial products that reflect their identity and principles.
How much funding has Daylight raised?
Daylight has raised a total of $20M across 2 funding rounds:
Angel/Seed
$5M
Other Financing Round
$15M
Angel/Seed (2021): $5M with participation from Anthemis, Citi, Kapor Capital, Financial Venture Studio, Precursor Capital, and Clocktower
Other Financing Round (2022): $15M led by Kapor Capital, Gaingels, CMFG Ventures, and Anthemis
Key Investors in Daylight
Anthemis
Anthemis is a venture capital firm founded in 2010, headquartered in London, UK, focused on cultivating change within financial services by investing in and growing innovative businesses.
Kapor Capital
Kapor Capital is an investment firm that focuses on supporting startups with a social impact mission, particularly those in the technology sector.
Gaingels
Gaingels is a leading investment syndicate dedicated to supporting and representing the LGBTQ community and its allies in venture capital, investing in companies with LGBT founders and inclusive teams.
What's next for Daylight?
With the recent infusion of $15M in a major strategic investment, Daylight is poised for accelerated expansion. This capital injection, part of its $20M in total funding, will likely fuel product development, enhance user acquisition strategies, and potentially broaden its service offerings. The company's ability to attract significant backing, particularly in its later funding stages, suggests a strong market validation and a clear path toward scaling its operations and solidifying its position within the competitive fintech landscape.
See full Daylight company page
