Otis - About the company
Otis is an acquired company based in New York City (United States), founded in 2018 by Michael Karnjanaprakorn. It operates as an Investment platform for collectibles & arts. Otis has raised $11M in funding from Maveron. The company has 98 active competitors, including 20 funded and 2 that have exited. Its top competitors include companies like Timeless Investments, DoubleMe and Rally.
Company Details
OTIS provides an app-based investment platform for arts, sneakers, and collectibles. It converts assets into shares and enables users to build & invest in the portfolio of alternative assets. The app is available for Android and IOS platforms.
- Website
- withotis.com
- Social
- Email ID
- *****@otiswealth.com
- Registered Address
- New York, New York
Key Metrics
Founded Year
2018
Location
New York City, United States
Stage
Acquired
Total Funding
$11M in 1 round
Latest Funding Round
Ranked
2nd among 98 active competitors
Employee Count
65 as on May 31, 2026
Similar Companies
Exit Details
Acquired by Public (Mar 09, 2022)
Legal entities associated with Otis
Otis is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
OTIS WEALTH, INC CIN: 832107459 , United States, Active | Apr 09, 2018 | - | 9 (As on Dec 31, 2021) | - |
Otis's acquisition details
Otis got acquired by Public on Mar 09, 2022.
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Otis's funding and investors
Otis has raised a total funding of $11M over 1 round. Its latest funding round was a Series A round on Dec 08, 2019 for $*****. 1 investor participated in its latest round. Otis has 10 institutional investors.
Here is the list of recent funding rounds of Otis:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 08, 2019 | 1437985 | Series A | 6454247 | 9660616 | 8791549 | 1265504 |
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Otis' founders and board of directors
Founder? Claim ProfileThe founders of Otis is Michael Karnjanaprakorn.
Here are the details of Otis' key team members:
- Michael Karnjanaprakorn: Founder of Otis and founder of 1 other company. They are also an angel investor in 2 startups and serve on the board of 1 company.
View details of Otis's Founder profiles and Board Members
Otis' employee count trend
Otis has 65 employees as of May 26. Here is Otis's employee count trend over the years:
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Otis's Competitors and alternates
Top competitors of Otis include Timeless Investments, DoubleMe and Rally. Here is the list of Top 10 competitors of Otis, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Timeless Investments 2020, Berlin (Germany), Series A | Online fractional alternative investment platform for luxury items | $13.6M | 53/100 | |
2nd |  Otis 2018, New York City (United States), Acquired | Investment platform for collectibles & arts | $11M | 51/100 | |
3rd |  DoubleMe 2014, Sunnyvale (United States), Series A | Developer of extended reality solutions integrating virtual, augmented, and mixed realities | $26M | 48/100 | |
4th | Rally 2016, New York City (United States), Series B | App-based platform to invest in automobiles | $84M | 48/100 | |
5th |  Momento AI 2021, New York City (United States), Seed | Platform to create and train AI clone for conversations | $4M | 43/100 | |
6th | Provider of platform for co-ownership of alternative assets and investments | $900K | 42/100 | ||
7th | Blockchain-based platform offering an AR-based metaverse solution | $5.77M | 38/100 | ||
8th |  Crypto Art House 2021, San Francisco (United States), Series A | NFT-based trading platform for digital art | $25M | 37/100 | |
9th | Arthena 2014, New York City (United States), Acquired | Machine learning for enabling investments in artwork | $1.12M | 37/100 | |
10th |  Unblocked 2021, Los Angeles (United States), Seed | Online platform offering NFT collectible | $15M | 33/100 |
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Otis's Investments and acquisitions
Otis has made no investments or acquisitions yet.
Reports related to Otis
Here is the latest report on Otis's sector:
News related to Otis
•
Chimeras Play-to-Earn Metaverse Raised Over $2 Million During Successful Funding RoundGlobeNewswire•Oct 19, 2021•Poolz Finance, Bull Perks, Oracles Investment Group, Shima Capital and 4 others
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