Daylight Energy has secured $75 million in funding to advance its decentralized energy network, a significant development for the startup that aims to introduce blockchain innovation into the realm of physical energy infrastructure.
Funding Structure and Investor Participation
The funding round consists of $15 million in equity and $60 million in non-recourse project finance capital, guaranteed directly by infrastructure assets, as stated by CEO Jason Badeaux. This financing structure allows for repayments from the project’s cash flows rather than relying on the company’s balance sheet.
Framework Ventures led the $15 million equity raise, joined by prominent investors including A16z Crypto, Lerer Hippeau, M13, Room40 Ventures, EV3, Crucible Capital, Coinbase Ventures, and Not Boring Capital. The project finance portion was spearheaded by Turtle Hill Capital, according to the company’s announcement.
Daylight plans to leverage this new capital to strengthen its position within the decentralized infrastructure networks ecosystem (DePIN), particularly focusing on decentralized energy distribution.
The company had previously raised $9 million in Series A funding in 2023, also led by A16z Crypto, which remains a key supporter.
Expanding the DePIN Vision in the Energy Sector
Founded in 2022, Daylight Energy is developing a decentralized protocol that allows users to connect their energy devices, such as thermostats, batteries, electric vehicles, and solar inverters to its application.
In return, users earn rewards for their contributions to the network’s distributed infrastructure. This concept is rooted in the growing DePIN movement, which seeks to decentralize the ownership and control of physical assets like telecommunications, storage, and energy infrastructure through blockchain technology.
“To build the largest decentralized energy network in the world, you must incentivize behavior changes to adopt distributed energy and catalyze an enormous amount of capital behind it,” said Badeaux. “Crypto is particularly effective at accomplishing both, creating opportunities to align incentives, lower costs, and rebuild the industry on a foundation of transparency, ownership, and shared economic potential.”
Daylight’s mission aligns with a broader industry push toward democratizing access to clean energy production and participation in its value chain. By merging blockchain incentives with real-world energy systems, the company aims to lower barriers to decentralized adoption.
Introducing DayFi: A Bridge Between Energy and DeFi
Alongside its new funding, Daylight unveiled DayFi, a yield protocol designed to open the energy infrastructure market to decentralized finance (DeFi) investors.
This protocol will allow users to earn yields directly tied to the electricity revenues generated from Daylight’s growing portfolio of solar and storage assets. This initiative bridges renewable energy and DeFi, providing investors with exposure to real-world energy production in a blockchain-native framework.
Daylight was co-founded by Jason Badeaux, Udit Patel, and Evan Caron, all veterans of the traditional energy sector. The team’s combined experience and the backing from prominent venture capital firms position Daylight as a leading player exploring how blockchain can reshape physical infrastructure markets.
With the secured funding, Daylight Energy is poised to expand the footprint of its decentralized network and further integrate the production, distribution, and financing of energy into a transparent and tokenized ecosystem.
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