Otis
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 9.2m | 9.7m | 9.7m | 9.7m | 9.7m |
% growth | - | 5 % | - | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$3.3m | Seed | ||
$11.0m | Series A | ||
N/A | $165k | Early VC | |
$2.0m | Early VC | ||
Total Funding | $16.5m |
Recent News about Otis
EditOtis operates as a fractional ownership platform that democratizes access to alternative investments, allowing individuals to buy and sell shares of high-value collectibles, rare comics, sneaker grails, and contemporary art. The company serves a diverse range of clients, including retail investors and collectors, who are interested in diversifying their portfolios with unique cultural assets. Otis operates in the alternative investment market, which includes non-traditional assets that are not typically found in standard investment portfolios. The business model revolves around acquiring high-value items, securitizing them, and then offering shares of these items to the public. Otis generates revenue through transaction fees, buyout offers, and other related services. By joining forces with Public.com, Otis aims to provide a comprehensive investing platform where users can build modern portfolios that include stocks, crypto, and alternative assets.
Keywords: fractional ownership, alternative investments, collectibles, rare comics, sneaker grails, contemporary art, democratize access, retail investors, securitization, transaction fees.