# Thales Investment Management

Thales Investment Management is a Private Equity based in San Francisco, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, United States
- **Founded:** 2020
- **Assets under management:** Undisclosed
- **Website:** thales.partners
- **LinkedIn:** https://www.linkedin.com/company/thales-capital-inc

## Regulatory record

- **CRD number:** 314358
- **SEC file number:** 802-121293
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/314358

## About

Thales Investment Management is a private equity firm based in San Francisco, US. It focuses on venture capital investments.

## Sectors

- Enterprise Software
- AI/ML

## People

- Maran Nelson — Co-founder
- Michael Akilian — Co-founder

## Questions

### Who runs investment decisions at Thales Investment Management?

Maran Nelson and Michael Akilian co-founded the firm and appear to lead its operations. The firm's website presents them as the two principals driving the early-stage venture and incubations strategy.

### Is Thales structured as a traditional venture firm or does it also build companies internally?

Thales operates a hybrid model. Alongside deploying capital into early-stage startups, it runs an incubations practice, meaning the firm generates its own deal flow from scratch before seeking external capital or scaling a concept internally.

### What investment stages does Thales typically target?

The firm focuses on early-stage technology companies, specifically seed and start-up phases, and retains capacity for expansion or late-stage venture rounds. This gives it flexibility to support a company from formation through growth.

### How does Thales source proprietary deal flow?

Through its incubations practice, a portion of Thales's pipeline is home-grown. The firm creates ventures internally, which means these opportunities do not appear in a standard auction or syndicate process before Thales is already involved.

### Does Thales participate in fund commitments or only direct deals?

The firm's disclosed model emphasizes direct early-stage venture investments and internal incubations. There is no public evidence that it acts as a limited partner in external funds or participates in club deals.

## Related profiles

- [TGZ Capital](https://altss.com/profile/tgz-capital)
- [Tham Invest](https://altss.com/profile/tham-invest)

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Last updated: 2026-06-03T20:00:00.000Z

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