Tech Company Financing Transactions
Otto Funding Round
Otto, operating out of Los Angeles, scored $4.5 million in funding from 645 Ventures, Canaan Partners and Kindred Ventures.
Transaction Overview
Company Name
Announced On
11/13/2023
Transaction Type
Venture Equity
Amount
$4,500,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to accelerate the development of its machine learning repayment experience, development of its native apps, and further its growth efforts through strategic partnerships.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
3765 Cahuenga Boulevard Studio City
Los Angeles, CA 91604
USA
Los Angeles, CA 91604
USA
Phone
Undisclosed
Website
Email Address
Overview
Imagine a world where your bills are automatically paid off in the optimal way to save you hundreds every year and get you debt-free 2-3x faster. Our mission is to make that a reality. Otto is a financial health platform that combines debt management with tailored recommendations to help people save on interest, improve their credit score, and become debt-free faster.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Max Klein
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We do our best to document every notable VC transaction. VC investment data records reported here are derived from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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