Decentralized Energy Company Daylight Raises Approximately 10 Billion Yen from a16z, Coinbase, and Others

Daylight Energy, a decentralized energy company, officially announced on the 16th that it has completed a fundraising of $75 million (approximately 10 billion yen) aimed at expanding its power network using blockchain technology. The funding consists of a $15 million (approximately 2.3 billion yen) equity fundraising led by Framework Ventures and a $60 million (approximately 9 billion yen) project development loan led by Turtle Hill Capital. Participants in the equity fundraising include a16z crypto, Lerer Hippeau, M13, Room40 Ventures, EV3, and others.