Daylight Secures $6 Million in Seed Funding

Daylight, a crypto platform that recommends personalized on-chain actions for users, such as airdrop claims, has raised $6 million in a seed funding round.

Investors

Union Square Ventures (USV) led the round, with 1kx co-leading, Daylight said Tuesday. Other participants 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.

As part of the deal, USV has joined Daylight’s board, according to Daylight co-founder Kyle McCollom.

Daylight began raising funds for the seed round in June and closed it the following month. The round was structured as equity priced with token warrants, but McCollom declined to comment on Daylight’s valuation.

This seed round brings Daylight’s total funding to $9 million, following a previous $3 million pre-seed round in November 2022.

What is Daylight?

Daylight is an “onchain for you” API integrated into major wallets like MetaMask, Coinbase Wallet, Zerion, and OKX Wallet. It offers personalized transaction recommendations, including airdrop claims, NFT mints, and gaming quests. McCollom stated that Daylight aims to help users discover on-chain activities tailored to their interests, thus increasing the number of transacting users and revenue for wallets.

McCollom and co-founder Morley Zhi previously directed product and engineering at Stellar, where they focused on building a wallet to enhance user transactions and revenue. They left Stellar to launch Daylight in 2022, feeling a need for the services that Daylight provides.

Currently, Daylight’s API drives 5% of its wallet partners’ transacting addresses, with 6 million monthly active addresses receiving recommendations. The platform aims to scale this number to “tens of millions of monthly addresses.”

Future Plans

Daylight plans to introduce new transaction categories beyond mints, claims, and quests. McCollom hinted that one significant new category will be announced soon in Q4.

Currently, Daylight employs 12 people and is hiring three backend engineers and additional moderators to review transaction submissions.

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