# Otis (Acquired)

> Otis Wealth was a New York consumer investment platform offering fractional interests in art, sneakers, trading cards and other collectibles. Founded by Michael Karnjanaprakorn in 2018 and launched in 2019, it combined asset curation and management with mobile investing. Public acquired it in March 2022.

- **Founded:** 2018
- **Headquarters:** New York, United States
- **Founders:** Michael Karnjanaprakorn (Founder and CEO)
- **Products:** Otis investment app, Asset curation and management, Otis House, Public alternative-assets integration
- **Notable:** Launched cultural-asset investing in 2019., Raised an $11 million Series A led by Maveron, closed in November 2019., Announced physical-collectible NFT marketplace Otis House in December 2021.

## Products & services

- **Otis investment app** — Mobile platform for purchasing fractional interests in cultural assets and trading eligible shares on a secondary marketplace.
- **Asset curation and management** — Sourcing, diligence, storage, insurance and administration of art and collectible investments.
- **Otis House** — Marketplace announced in December 2021 for NFTs representing vaulted physical collectibles, with a redemption process for the underlying item.
- **Public alternative-assets integration** — Otis offerings were integrated into Public’s investing app in September 2022.

## Achievements

- Launched cultural-asset investing in 2019.
- Raised an $11 million Series A led by Maveron, closed in November 2019.
- Announced physical-collectible NFT marketplace Otis House in December 2021.
- Acquired by Public in March 2022.

## Latest updates

- **2022-03** — Public announced the acquisition; Karnjanaprakorn subsequently said he would lead Alternative Assets at Public.
- **2022-09** — Otis offerings were integrated into Public’s app.
- **2022-11** — Public identified Otis Wealth Inc. as its alternative-assets manager and published fee disclosures.

## Links

- Website: https://public.com/
- LinkedIn: https://www.linkedin.com/company/otiswealth
- Twitter/X: https://twitter.com/withotis
- Instagram: https://www.instagram.com/withotis/

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Profile page: https://yespress.io/otis-acquired
Published by YesPress — https://yespress.io
Last updated: 2026-10-04