Othoz closes multi-million financing deal

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

Berlin-based Othoz has closed a Series A funding round of ten million euros. The company is a provider of solutions in the field of AI-based asset management. Munich-based and 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 in November.

Othoz now wants to use the money to advance the use of artificial intelligence in the field of capital investment and to further develop this field. The firm is focusing on developing quantitative machine learning (ML)-based investment strategies. The capital is expected to help Othoz establish its offering as a key technology in quantitative asset management.

Othoz has been active since 2017. The firm aims to optimize 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 doing the observing. Future developments should be better foreseeable and human errors avoided.