Thala raised $6 M in a Seed Round round on 2022-10-25.

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According to media reports, Thala raised $6 M in a Seed Round round on 2022-10-25.the investors in this funding round include Shima Capital,ParaFi Capital,White Star Capital,IVC,Kenetic Capital,Open Custody Protocol,Big Brain Holdings,Saison Capital,Karatage,Serafund and others. Following this round, Thala's total funding reached $8 M.
Thala is an over-collateralized, yield-bearing stablecoin protocol backed by a basket of on-chain assets. Its diverse collateral base of liquid staked derivatives, liquidity pool tokens, deposit receipt tokens, and RWAs ensures its decentralized, censorship-resistant nature without compromising capital efficiency.

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THL Fundraising History
RoundAmountValuationTimeInvestor(s)
Seed Round$6 M--2022-10-25Shima Capital,ParaFi Capital,White Star Capital,IVC,Kenetic Capital,Open Custody Protocol,Big Brain Holdings,Saison Capital,Karatage,Serafund
Key Milestones
  • 2023-04-06
    Thala raised $ 2.95 M through IDO
  • 2023-04-06
    $THL was live for trading
  • 2023-04-06
    Thala was live on mainnet
  • 2023-02-25
    Thala was live on testnet
  • 2022-10-26
    Thala raised $ 6 M in Seed round
24-Hour High
$0.1245
24-Hour Volume
$105.67K
All-Time High
$3.33
All-Time Low
$0.0929
Market Cap / FDV
57.94%
FDV
$11.31M
24-Hour Low
$0.1099
Market Cap
$11.31M
Circulating Supply
57.94M THL
Total Supply
100.00M THL
Max Supply
100.00M THL
Market Sentiment
Positive
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