Otis
Public is a multi-asset investing platform founded in 2019 with the mission to make the public markets work for everyone. They offer a comprehensive suite of investment options including stocks, options, bonds, treasuries, ETFs, and crypto, all accessible through a single platform. Public differentiates itself by focusing on a community-driven approach, enhanced tools, AI-powered insights, and a commitment to transparency, notably by not participating in payment for order flow on equities trades. The company aims to provide investors with the tools, data, and AI-powered insights needed for informed decision-making, and has expanded its offerings over the years to include features like fractional investing, AI-driven research (Alpha), premium membership tiers, and a bond account with competitive yields.
Otis
Public is a multi-asset investing platform founded in 2019 with the mission to make the public markets work for everyone. They offer a comprehensive suite of investment options including stocks, options, bonds, treasuries, ETFs, and crypto, all accessible through a single platform. Public differentiates itself by focusing on a community-driven approach, enhanced tools, AI-powered insights, and a commitment to transparency, notably by not participating in payment for order flow on equities trades. The company aims to provide investors with the tools, data, and AI-powered insights needed for informed decision-making, and has expanded its offerings over the years to include features like fractional investing, AI-driven research (Alpha), premium membership tiers, and a bond account with competitive yields.
TL;DR
What: Marketplace for fractional ownership of alternative assets (collectibles, NFTs, sports memorabilia)
Founded: 2018
HQ: New York, New York, United States
Funding: $16.5M raised prior to acquisition
Exit: Acquired by Public (announced March 9, 2022)
Company Overview
Problem Domain
Fractional ownership and retail access to alternative assets
Founded
2018
Industry
Fintech / Alternative-asset marketplace
Funding Track Record
Latest funding round listed; company had a total of five funding rounds reported.
Investor Signal
“Reportedly backed by multiple venture investors (10 investors reported), including Spacecadet Ventures and Union Square Ventures.”