Enterprise
Read the pitch deck that startup Daylight used to raise $12.3 million to help it hire and grow its business of letting customers digitize all their paperwork
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- Daylight (formerly FormHero) just raised a $12.3 million Series A.
- Daylight’s platform can help companies build and customize solutions for outdated legacy processes.
- The firm plans to use its new funding to support the company’s rebranding and accelerate hiring.
Six-year-old startup Daylight, formerly FormHero, just raised fresh funding to help companies digitize all the tasks they used to do on paper.
The Toronto-based firm announced a $12.3 million Series A round on Tuesday led by RTP Global, Bessemer Venture Partners, and Golden Ventures. This latest round brings Daylight’s total funding raised to $14.56 million. The firm declined to share its valuation. You can read the pitch deck that Daylight used to sway investors below.
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Enterprises can use Daylight’s platform to build and customize solutions for outdated legacy processes and transform them into simple, easy-to-use digital experiences. For instance, credit card applications can involve multiple, confusing, difficult to understand forms in order for one to get approved, often leading to errors and delays.
Daylight’s platform is sold as allowing enterprises to create a more intuitive application process to reduce the workload for users while also creating a user-friendly, streamlined experience to speed up application approvals. The company’s low-code platform allows companies to streamline processes while still integrating with their existing tools.
“We’re disruptive by being non-disruptive,” Cofounder of Daylight Art Harrison told Insider. “The key value that we bring is that we’re not actually disruptive to the technology and the investments [companies] already made. And I think our pitch deck did a good job of telling that story.”
The firm plans to use its new funding to support the company’s rebranding and accelerate hiring. Additionally, the funding will be used to advance product development and marketing initiatives to further expand the company’s footprint in the United States and Canada.
“It’s competitive,” Harrison said of the job market as it looks to expand – but said that when candidates understand what it does, “they’re really excited.”
Here’s the pitch deck that Daylight used to land a $12.3 million Series A:
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