Othoz closes million-euro financing deal

The round was led by Mambu investor Acton Capital. Othoz is dedicated to the field of artificial intelligence in capital investment.

The Berlin-based company Othoz has closed a Series A financing round in the amount of ten million euros. The company is a provider of solutions in the field of AI-based asset management. The Munich-based international venture capitalist Acton Capital is leading the investment round. It had previously also successfully invested in the start-up Mambu. The Series E round of the SaaS banking platform raised 235 million euros in November.

Othoz now wants to use the money to drive forward the use of artificial intelligence in the area of capital investment and further develop this field. The company focuses on the development of quantitative investment strategies based on machine learning (ML). The capital will help Othoz to establish its offering as a key technology in quantitative asset management.

Othoz has been active since 2017. The company has set itself the goal of optimizing investment strategies through the use of artificial intelligence. Among other things, the technology should make it possible to understand the complexity of the investment better than if only humans were monitoring it. Future developments should be easier to predict and human error avoided.