The Bank Slate


LGBTQ+ neobank Daylight raises $15M in funding round

Daylight, a challenger bank focused on the LGBTQ+ community, plans to offer a family planning subscription service after raising $15 million in new capital.

Daylight said in a press release that the funding was led by Anthemis Group. Vinay Singh, managing director at Anthemis Group, will join Daylight’s board.

“Family creation is a major life event for queer people and the challenges we face are increasingly more complex than those for non-LGBTQ people,” Billie Simmons, Daylight’s chief operating officer, said in the release.

“Daylight Grow will help queer people navigate through the complex legal and financial challenges involved, making it faster and easier to start a family and unlocking critical intergenerational wealth for our community,” Simmons added.

Daylight Grow will first undergo a pilot with plans for a full launch next year. Subscribers will receive access to family planning concierges, family building loans and a marketplace with information on attorneys and IVF and surrogacy clinics.

The funding round’s other investors include CMFG Ventures, Kapor Capital, Citi Ventures, Gaingels, Mendoza Ventures, Digital Horizons, University Growth Fund, Socially Financed, Clocktower Ventures and Financial Venture Studio.

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