# Thales DAO

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/thales-dao

- Industry: Financial Services
- Headquarters: Serbia
- Website: www.thalesmarket.io
- Total disclosed funding: $2.5M
- Latest round: Seed (May 20, 2021)
- Investors on record: 12

## About

Based in Serbia, and founded in 2021, Thales DAO is an Ethereum protocol that facilitates the creation of peer-to-peer parimutuel markets. The decentralized platform serves on-chain initiatives ranging from AMM-based positional markets to immersive gamified experiences. In May 2021, Thales DAO raised USD 2.5 million in seed funding co-led by investors Framework Ventures and Apollo Capital, with participation from other investors LD Capital, Honey DAO, the LAO, Zonff Partners, Zee Prime Capital, IOSG Ventures, D64 Ventures, Koji Capital, Daedalus Angel Syndicate, and CatcherVC.

The flagship product of Thales DAO is the prediction market platform, which allows users to create, trade, and participate in various prediction markets. The protocol operates through a set of smart contracts that leverage uncensorable sUSD as collateral and rely on immutable data feeds from Chainlink for market settlement. Additionally, Thales provides a secure rollup-centric network like Optimism. The Company uses blockchain technologies, which include any blockchain on which the Company's services rely and make transactions on blockchain transparent and accessible to the public. The markets cover a wide range of topics, including finance, sports, politics, and entertainment, providing a diverse and engaging experience for users.

## Funding rounds

- Seed, May 20, 2021, $2.5M — Apollo Crypto Management, Framework Ventures, Zee Prime Capital, The LAO, D64 Ventures, IOSG Ventures, Koji Capital, Zonff Partners, HoneyDAO, Catcher VC, LD Capital, Daedalus

## Investors

- Apollo Crypto Management — Seed
- Framework Ventures (https://capitalatlas.ai/funds/framework-ventures) — Seed
- Zee Prime Capital (https://capitalatlas.ai/funds/zee-prime-capital) — Seed
- The LAO (https://capitalatlas.ai/funds/the-lao) — Seed
- D64 Ventures (https://capitalatlas.ai/funds/d64-ventures) — Seed
- IOSG Ventures (https://capitalatlas.ai/funds/iosg-ventures) — Seed
- Koji Capital (https://capitalatlas.ai/funds/koji-capital) — Seed
- Zonff Partners (https://capitalatlas.ai/funds/zonff-partners) — Seed
- HoneyDAO — Seed
- Catcher VC — Seed
- LD Capital (https://capitalatlas.ai/funds/ld-capital) — Seed
- Daedalus (https://capitalatlas.ai/funds/daedalus) — Seed