LO:TECH Closes $12M Series A to Expand 24-Hour Capital Markets Operations
LO:TECH Closes $12M Series A to Expand 24-Hour Capital Markets Operations #
London-based capital markets firm LO:TECH has closed a $12 million Series A round led by MMC Ventures, with participation from existing investors Faction and 13 Books Capital and new investor Atka. The funding will support expansion into New York and Singapore and the formal launch of its institutional execution services.
LO:TECH was founded by CEO Tim Meggs, CTO Marcus Horsley and Alex Williams. The firm operates as a high-frequency trading and market-making business, executing tens of thousands of trades per second and providing liquidity across traditional financial markets, digital assets and prediction markets. The company traces part of its origin to the 2022 collapse of FTX: Horsley’s previous employer exited digital assets in the aftermath, leaving him and Meggs without roles. They started LO:TECH from scratch.
The firm now serves more than 50 clients, including publicly listed companies, across three product lines: designated market making, market data resale and execution services. Execution services, which help institutional clients trade across traditional, digital and prediction venues, are being formally launched alongside this funding announcement. Since its seed round in August 2025, the firm’s revenue has tripled while headcount has stayed below 20 people.
LO:TECH is pitching investors on a gap between legacy market infrastructure and the demands of continuous trading. “Capital markets were built for a world that opened at 8am and closed at 4.30pm,” Meggs said. “That’s not how risk is traded any more.” The firm contends that even the most technologically advanced trading houses were built on traditional market infrastructure, leaving room for a purpose-built firm to compete as more assets move onto blockchain-based platforms.
MMC Ventures partner Oliver Richards said that as more financial assets become tokenised, the infrastructure supporting pricing, liquidity and execution grows more important, and that markets running around the clock require trading systems designed for that environment.
LO:TECH plans to open offices in New York and Singapore and is exploring regulatory licences in the US. Having teams across time zones improves risk management coverage for continuous markets, according to the firm. Both cities are also centres of institutional activity and token issuance. LO:TECH is competing against established exchange groups and crypto venues that are themselves building connections between conventional finance and blockchain-based trading.
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