CMS advises deep-tech pioneer Othoz on EUR 10 million Series A financing
Berlin – Deep-tech pioneer Othoz has carried out a successful capital increase, raising EUR 10 million. Headquartered in Berlin, Othoz GmbH develops quantitative investment strategies based on machine-learning technologies. The lead investor in the deal is international venture capitalist Acton Capital. Other funding sources include industry experts, alongside existing shareholders.
Othoz intends to use the capital increase to continue leveraging the potential of artificial intelligence (AI) for investment purposes. The company was established in 2017.
A CMS team headed by Dr Friedrich von Spee, Dr Martin Eichholz and Dr Jörg Zätzsch advised the company on all legal aspects. Othoz has also relied on the expertise of CMS in the past.
CMS Germany
Dr Friedrich von Spee, Counsel, Berlin
Dr Martin Eichholz, Senior Associate, Berlin
Dr Jörg Zätzsch, Partner, Berlin
Charlotte-Sophie Unger, Associate, Berlin
Maximilian Koch, Associate, Berlin, all Corporate/M&A
Dr Huy Do Chi, Senior Associate, Berlin, Intellectual Property
Christian Schultz, Associate, Hamburg, TMC
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