Fundz

Daylight, The Lgbtqia+ Digital Banking Platform, Raises $15M To Launch Family Planning Solutions

PRIVATENov 18, 2022

Amount Raised

$15 Million

Round Type

Funding Round

New Yorkinformation technology & services

Investors

Financial Venture StudioClocktower VenturesUniversity Growth FundGaingels, Mendoza VenturesCiti VenturesKapor CapitalCMFG Ventures

Description

Daylight, the first and only digital bank designed to build the financial products and services to help queer people live their best lives, today announced $15 million in new financing led by Anthemis Group, with participation from CMFG Ventures, Kapor Capital, Citi Ventures, and Gaingels, among others. Vinay Singh, Managing Director at Anthemis Group, will join Daylight's Board of Directors, along with Billie Simmons, Daylight Co-Founder and Chief Operating Officer. The company will use this strategic investment to expand its services to support LGBTQ+ people looking to start and grow their families.

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Company Information

Company

Daylight

Location

615 New North Rd

New York, United States

About

Daylight says its mission is to “build a more equitable financial life for LGBTQ+ folks and their chosen families.” “Daylight has an opportunity to be the outlier, especially given their focus on community. The latest such neobank to emerge is New York-based Daylight, which describes itself as the first LGBTQ+ digital banking platform in the United States. Which neobanks will rise or fall?In an interview with TechCrunch Curtis explained why he believes Daylight is uniquely positioned to help the population deal with challenges such as higher debt accumulation to factors such as pre-existing conditions, lower insurance levels, HIV management needs and [gender] transition costs. Daylight is currently in beta but already has “thousands and thousands” of customers on its wait list, said Curtis, who estimates that it will have 10,000 customers by the time it launches in October.

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Related People

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Verified contactsBillie S., Co-Founder hidden hidden hiddenSee plans and pricing
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Daylight raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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