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.

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, as Daylight co-founder Kyle McCollom informed The Block.

Daylight began raising funds for the seed round in June of this year and closed it the following month, according to McCollom. The round was structured as equity priced with token warrants, although he declined to comment on Daylight's valuation.

This seed round brings Daylight's total funding to $9 million, having previously raised $3 million in a 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, gaming quests, and more. McCollom stated that Daylight's goal is to help users discover on-chain activities tailored to their interests, ultimately increasing the number of transacting users and revenue for wallets.

McCollom and co-founder Morley Zhi were previously directors of product and engineering, respectively, at Stellar, where they focused on building a wallet aimed at increasing transacting users and boosting revenue. They realized that something like Daylight was needed to achieve this, leading them to leave Stellar and start Daylight in 2022.

Daylight claims its API currently drives 5% of its wallet partners' transacting addresses, with 6 million monthly active addresses receiving recommendations. The platform plans to scale this number to "tens of millions of monthly addresses."

Additionally, Daylight plans to add new transaction categories beyond mints, claims, and quests, with McCollom hinting at a significant new category announcement in Q4, though he declined to disclose further details.

Currently, there are 12 people working for New York-based Daylight, and McCollom is hiring three backend engineers. He also plans to add more moderators to review transaction submissions and related activities in the near future.

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