London-based LO:TECH has raised $12m (about £9m) in a Series A led by MMC, with existing backers Faction and 13 Books Capital following on and Atka joining the round. The capital markets firm plans to open offices in New York and Singapore.
LO:TECH was founded by chief executive Tim Meggs and chief technology officer Marcus Horsley. It builds trading infrastructure that runs around the clock across traditional markets, digital assets and prediction markets. It provides liquidity and, more recently, execution services to institutional clients.
The company's argument is that market plumbing built around exchange opening hours does not fit assets that now trade continuously and, increasingly, on blockchains. It wants to compete with established Wall Street liquidity providers for fintech and digital-asset platforms that are moving into traditional capital markets.
The deal
MMC, the London early-stage investor, led the $12m Series A. Existing investors Faction and 13 Books Capital followed on, and Atka also took part.
The valuation was not disclosed, and the company has not said how much it raised before this round or what stake MMC now holds.
Use of funds
The money will pay for international expansion, including offices in New York and Singapore. LO:TECH also plans to build out its execution services for institutional clients and seek regulatory authorisation in each market it enters. It is looking at licensing options in the US.
Licensing is likely to be the main cost and the main source of delay. Market-making and execution businesses usually need local broker-dealer or equivalent permissions before they can serve institutional clients at scale.
Market context
The round lands during a mixed year for digital assets. The wider crypto market fell in the first half of 2026, while tokenised real-world assets, such as funds, bonds and other traditional instruments issued on-chain, kept growing. LO:TECH is betting on that second trend rather than on token prices.
Meggs said markets were built for trading hours that no longer match how risk is traded, and that LO:TECH had built its systems from scratch for continuous, on-chain, multi-asset markets. Horsley said a capital markets firm rooted in digital assets could take on the largest traditional houses, and that it could be built in London.
The next test is whether LO:TECH can win US authorisation and land institutional clients there, which would shape the size and pricing of any Series B.
Original source: Tech.eu — https://tech.eu/2026/11/02/london-based-lotech-lands-12m-series-a-led-by-mmc/
