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Daylight Raises $75M to Build Decentralized Energy Network
The funding combines equity and project financing to connect DeFi capital with real-world electricity infrastructure
Oct 16, 2025, 6:49 p.m.
What to know:
- Daylight raised $75 million to build a decentralized energy network that connects DeFi capital with real-world electricity infrastructure.
- The raise includes $15 million in equity led by Framework Ventures and $60 million in project financing from Turtle Hill Capital, with backing from a16z crypto, M13, and others.
- The company’s DayFi protocol aims to make electricity an on-chain asset class, enabling investors to gain exposure to energy generation through decentralized finance.
Daylight, a decentralized energy company, has raised $75 million to expand its blockchain-based power network, the firm announced on X on Thursday.
The round includes $15 million in equity led by Framework Ventures, alongside $60 million in project financing from Turtle Hill Capital, with participation from a16z crypto, M13, EV3 Ventures, Lerer Hippeau, and others.
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The funding will accelerate the development of the Daylight Network, which aims to create a decentralized electric grid designed to improve affordability and reliability by connecting capital directly to power generation.
At the core of this system is "DayFi," a DeFi protocol that allows investors to gain exposure to electricity as an asset class — transforming the electron into what the company calls “a new form of digital commodity.”
Daylight said it envisions an energy infrastructure that scales “through community,” allowing users to contribute to — and profit from — a decentralized, onchain power grid.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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