LO:TECH raises £9m in Series A funding to expand global operations
MMC led the round alongside Faction, 13 Books Capital and Atka as the firm targets expansion into the US and Asia-Pacific.
LO:TECH is a London-based capital markets firm providing round-the-clock trading infrastructure for traditional, digital and prediction assets.
London-based capital markets firm LO:TECH has secured £9m in a Series A financing round. MMC led the investment, with participation from existing backers Faction and 13 Books Capital, as well as Atka.
The fresh capital will support the company as it launches new execution services and pushes into international markets, including planned offices in New York and Singapore. LO:TECH also intends to pursue regulatory licences across its target jurisdictions.
The raise follows a period of significant growth for the firm, which has delivered consecutive years of triple-digit revenue gains and expanded its client base to more than 50 institutional accounts.
From the founder
"Fintech and digital asset platforms are moving into territory that used to belong to Wall Street. To do that well, they need trading partners built for how these markets actually work,"
Marcus Horsley
CTO and Co-Founder at LO:TECH
Investor perspective
"Tim, Marcus and the LO:TECH team have built a business designed for markets that never close, delivering triple-digit revenue growth over the past year through exceptionally tough crypto market conditions,"
Ollie Ricards
Partner, MMC
Use of funds
- 01Expand into international markets
