September 24, 2024
Daylight, a crypto platform that suggests personalized on-chain actions like airdrop claims for users, has secured $6 million in seed funding. Union Square Ventures (USV) led the funding round, with 1kx as a co-leader, Daylight announced on Tuesday. Other investors included Framework Ventures, Chapter One, Zerion co-founders Evgeny Yurtaev and Vadim Koleoshkin, Blockaid co-founders Ido Ben-Natan and Raz Niv, and Yup co-founder Nir Kabessa.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Daylight | $6M | September | Seed Round | $9M | Union Square Ventures | Wallet |
As part of the agreement, USV has joined Daylight’s board, according to Daylight co-founder Kyle McCollom. Daylight started raising funds for the seed round in June and completed it in July. The round was structured as equity priced with token warrants, though McCollom did not disclose the company’s valuation.
This seed round brings Daylight’s total funding to $9 million, following a $3 million pre-seed round in November 2022.
About Daylight
Daylight is a platform designed to enhance your experience in the crypto world by providing personalized recommendations for onchain activities. It helps users discover relevant mints, airdrops, votes, and other opportunities based on their onchain identity. By using Daylight, you can stay updated on new drops from your favorite creators, see what your friends are minting, and find trending mints among notable people. Essentially, Daylight makes it easier for you to engage with the crypto community and take advantage of various onchain opportunities.
Website: https://www.daylight.xyz/
About Investor
Investor: Union Square Ventures
Union Square Ventures (USV) is a venture capital firm based in New York City. They focus on investing in companies that are at the forefront of large markets being transformed by technological and societal changes. USV looks for startups that introduce innovative ideas and approaches, often at the “edge” of these markets. They believe in the power of networks and rapid experimentation, supporting projects that can quickly iterate and avoid traditional market gatekeepers. Since 2004, USV has raised and invested in multiple funds, maintaining a collaborative and generalist approach to their investments.
Location: New York
Website: https://www.usv.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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