LO:TECH raises $12 million Series A for round-the-clock capital markets
MMC led the London firm’s financing, alongside Faction, 13books Capital and Atka.
LO:TECH has raised $12 million in a Series A led by MMC, with existing investors Faction and 13books Capital participating alongside Atka.
The London firm will use the capital to expand into the US and Asia-Pacific, including a presence in New York and Singapore. It also plans to extend institutional execution services and pursue regulatory authorisations in the markets it enters.
Founded by Tim Meggs and Marcus Horsley, LO:TECH builds trading infrastructure for traditional financial markets, digital assets and prediction markets. Its market making, execution and data services share systems designed for continuous trading.
Use of funds
Expand into New York and Singapore
Expand institutional execution services
Pursue regulatory authorisations