Odaily Planet Daily reports: London-based high-frequency trading and market-making firm 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 raised capital to expand into the New York and Singapore markets and further develop its trading execution services across traditional finance, digital assets, and prediction markets. Since raising $5 million in seed funding in August 2025, LO:TECH has tripled its revenue, doubled its team size, and now serves over 50 clients, including publicly traded companies. The company reports double-digit revenue growth for each of the past two years. Looking ahead, it plans to expand beyond digital asset markets to include traditional exchanges covering equities, foreign exchange, and commodities.
LO:TECH, founded by Tim Meggs, Marcus Horsley, and Alex Williams, specializes in high-frequency trading and liquidity provision, executing tens of thousands of trades per second. The company’s services include proprietary trading, market data distribution, and trading technology solutions, and it holds a Kalshi data distributor license. (TFN)