LO:TECH Raises $12 Million in Series A Led by MMC

London-based high-frequency trading and market-making firm LO:TECH has raised $12 million in a Series A round led by MMC. According to Odaily, Faction, 13 Books Capital and new investor Atka also participated. LO:TECH plans to use the funding to expand into New York and Singapore and develop trade execution services for traditional finance, digital assets and prediction markets. The company was founded by Tim Meggs, Marcus Horsley and Alex Williams. It focuses on high-frequency trading and liquidity provision, executing tens of thousands of trades per second. Its business includes proprietary trading, market data distribution and trading technology services. LO:TECH has obtained a data distributor license from Kalshi.