Crypto high-frequency trading firm LO:TECH completes $12 million Series A funding round, led by MMC

Odaily reports: London-based high-frequency trading and market maker LO:TECH has completed a $12 million Series A funding round, led by MMC, with participation from Faction, 13 Books Capital, and new investor Atka. The company plans to use the funding to expand into the New York and Singapore markets, and to further build out its trade execution services across traditional finance, digital assets, and prediction markets.

LO:TECH was founded by Tim Meggs, Marcus Horsley, and Alex Williams, and focuses on high-frequency trading and liquidity provision, capable of executing tens of thousands of trades per second. The company's business covers proprietary trading, market data distribution, and trading technology services, and it has obtained a Kalshi data distributor license. (TFN)