Blockchain specialist Postera Capital acquires Augmento
Postera Capital, a specialist in crypto-specific investment products and strategies, has acquired sentiment analytics start-up Augmento.
In 2018, Berlin-based Fintech Augmento began developing the sentiment analysis algorithm for cryptoassets, quickly becoming a major player in the alternative data industry.
With the acquisition, Postera Capital strengthens its position as a pioneer in crypto consulting as well as its investment vehicle Postera Fund - Crypto I, the first EU-regulated crypto fund.
The acquisition of Augmento, which has some of the most advanced forecasting capabilities in the industry, supports Postera's expansion and development of its quantitative investment strategies.
"Augmento has developed a unique AI solution that provides quantitative data about what is happening in the collective consciousness of the crypto market," says Nicolas Biagosch, partner at Postera Capital. "Augmento will help us develop our strategies using real-time market sentiments even further."
Augmento’s new AI technology uses algorithms to identify emotions and discussion topics from online news and social media. The resulting insights give investors a profound insight into market movements - enabling them to make better, data-driven decisions.
"We could show that crowd sentiment has an enormous impact on crypto markets and it became clear that it will continue to do so in the future. Being able to quantify emotions such as fear or euphoria in real-time helps investors build better strategies and reduce risk," says Michael Baumgartner, CEO and co-founder of Augmento.
The interest of institutional investors in cryptoassets is growing massively. The increasing integration of this young asset class into the portfolios of professional investors leads to an increased demand for insights generated from alternative data. Augmento’s AI-based analysis of sentiment data from the crypto market perfectly complements Postera Capital's fundamental knowledge of crypto markets. Augmento's software will be fully integrated into Postera Capital's proprietary technology stack. With the new analysis tool, the investment specialist is improving its first-class advice in the area of crypto assets and is expanding its investment vehicle Postera Fund - Crypto I even further.
Augmento's founding team, consisting of Michael Baumgartner, Bijan Farsijani and Oliver Spragg, takes on advisory roles at Postera.