Decentralized energy network Daylight completes $75 million in funding, with participation from a16z Crypto and others

Odaily Planet Daily reported that decentralized energy network Daylight has announced the completion of a $15 million equity financing round led by Framework Ventures and with participation from a16z Crypto, Lerer Hippeau, M13, Room 40 Ventures, EV3, Crucible Capital, Coinbase Ventures, and Not Boring Capital. In addition, the company secured $60 million in project development funding led by Turtle Hill Capital. The company plans to use the funds to build a cryptocurrency-powered distributed energy network and explore the launch of DayFi, an energy infrastructure-based yield protocol. (Businesswire)