Elastics, a Warsaw-based startup building an AI-native operating system for prediction markets, has closed a $2m oversubscribed pre-seed funding round.
The round was led by Frst, the Paris-based venture firm with over $200m in assets under management. Angel investors also participated from across the AI and digital asset space, including co-founders of ElevenLabs, partners from XBTO, an a16z scout, and a co-founder of RedStone.
The capital will be directed primarily towards hiring AI and quantitative talent in Poland, a market both founders regard as an exceptionally strong pool for this type of specialist work. The platform is currently in private beta, with early access available to Elastics AI, its agent builder, and Elastics OS.
Elastics was co-founded by CEO Szymon Pawica, an NYU Stern graduate who previously worked at Goldman Sachs, and CTO Mateusz Brodowicz, a University of Houston mathematician who had earlier built quantitative models for a prediction markets fund. The two set out to create a platform that closes the gap between the sophisticated tooling available to institutional traders and what individual participants can currently access on prediction markets.
The company describes its product as an AI-native operating system for prediction markets, giving retail traders automated access to research, execution, and portfolio management capabilities that have historically been the preserve of large financial institutions.
A key feature, “Trade with Words”, enables users to describe a position in plain English, with the platform executing it automatically, removing the need for traditional order entry interfaces. Elastics argues that this conversational approach represents the future direction of trading, with a large language model rather than an order ticket serving as the natural interface between trader and market.
Frst co-founder and partner Pierre Entremont said, “Prediction markets are emerging as a new asset class in finance, and we believe the industry is still in its very early innings. Elastics is building the AI layer that this market needs and we’re excited to back Szymon and Mateusz as they democratize access to quantitative trading tools that were previously out of reach for most participants.”
Elastics CEO Szymon Pawica said, “The quant edge at hedge funds comes down to people and infrastructure. We think AI can now replicate most of that and make it available to anyone.”
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