Daylight Raises $15M in Funding

Daylight, a New York-based supplier of a digital financial institution targeted on serving queer individuals, raised $15M in funding.

The spherical was led by Anthemis Group, with participation from Anthemis Group, CMFG Ventures, Kapor Capital, Citi Ventures, Gaingels, Mendoza Ventures, Digital Horizons, University Growth Fund, Socially Financed, Clocktower Ventures and Financial Venture Studio, and a non-public investor syndicate.CMFG Ventures, Kapor Capital, Citi Ventures, and Gaingels. Vinay Singh, Managing Director at Anthemis Group, will be part of Daylight’s Board of Directors, together with Billie Simmons, Daylight Co-Founder and Chief Operating Officer.

The firm intends to make use of the funds to increase its providers to assist LGBTQ+ individuals trying to begin and develop their households.

When the product formally launches in early 2023, Daylight Grow subscribers will obtain:

  • A personalised household creation plan protecting monetary, authorized, and logistical milestones tailor-made to their state and wishes
  • Family planning Concierges to supply monetary recommendation and logistical assist
  • A family-building market with vetted household legal professional networks, and IVF and surrogacy clinics in their space
  • Members-only digital group platform and in-person monetary and fertility schooling occasions
  • Access to family-building loans

The full set of traders in Series A spherical consists of Anthemis Group, CMFG Ventures, Kapor Capital, Citi Ventures, Gaingels, Mendoza Ventures, Digital Horizons, University Growth Fund, Socially Financed, Clocktower Ventures and Financial Venture Studio, and a non-public investor syndicate.

FinSMEs

18/11/2022

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