Add as a preferred source on GoogleLO:TECH Closes $12 Million Series A to Expand in New York and Singapore
The London-based firm will use the capital to grow in New York and Singapore. It also plans to extend trade execution services across traditional finance, digital assets and prediction markets.
LO:TECH, a London-based trading firm, closed a $12 million Series A led by MMC to support planned expansion in New York and Singapore, two markets.
Faction, 13 Books Capital and new investor Atka also participated in the round. Separately, the company plans to extend its trade execution services across traditional finance, digital assets and prediction markets.
Tim Meggs, Marcus Horsley and Alex Williams founded LO:TECH. The firm focuses on high-frequency trading and liquidity provision, with businesses spanning proprietary trading, market-data distribution and trading technology.
LO:TECH has obtained a Kalshi data-distribution license and can execute tens of thousands of trades per second.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.