Daylight, a digital bank designed to build financial products and services to help queer people, has raised $15m in new financing.
The round was led by Anthemis Group and saw participation from Kapor Capital, Citi Ventures, CMFG Ventures and Gaingels.
Daylight Money, which provides consumer financial and payment services to thousands of LGBTQ+ people, the company will launch a new subscription service called Daylight Grow – an economic and family planning product explicitly designed for queer families.
When the product launches earlier next year, Daylight Grow subscribers will receive a personalised family creation plan covering financial, legal and logistical milestones tailored to their state and needs.
In addition, subscribers of the platform will get a family planning concierge to provide financial advice and logistical support and a family-building marketplace with vetted family attorney networks and IVF and surrogacy clinics in their area.
Subscribers will also get access to a members-only digital community platform and in-person financial and fertility education events and access to family-building loans.
The company will use this strategic investment to expand its services to support LGBTQ+ people looking to start and grow their families.
Daylight CEO and co-founder Rob Curtis said, “At Daylight, our mission has always been to break down the financial barriers that hold LGBTQ+ people back. This new funding allows us to build vital new services that will help put family building within reach for many.
“With LGBTQ+ marriage and parental rights again under siege, protecting equality is vital, but allowing discrimination toward LGBTQ+ people in the name of religious freedom reinforces our status as second class citizens. In this post-Dobbs world, Daylight’s commitment to supporting queer families has never been more necessary.”
Daylight COO and co-founder Billie Simmons added, “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. 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.”
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