LO:TECH raises $12M Series A to build a capital markets firm for 24/7 and on-chain markets

LO:TECH (London) has raised $12 million / approximately €11 million in a Series A led by MMC Ventures, with Faction, 13 Books Capital, and new investor Atka participating. The company — a capital markets firm founded in 2023 by Tim Meggs (CEO), Marcus Horsley (CTO), and Alex Williams — builds trading infrastructure for markets that operate around the clock, including digital assets, tokenised real-world assets, and prediction markets, alongside conventional equities.

The round follows a $5 million seed led by 13 Books Capital in August 2025. Since that raise, LO:TECH has tripled its revenue and doubled its headcount, reaching just under 20 people and more than 50 institutional clients. No absolute revenue figure has been disclosed.

What LO:TECH builds

The firm's infrastructure was designed for three market types that conventional capital markets firms either handle poorly or ignore: digital assets (crypto markets, which trade continuously); tokenised real-world assets (stocks, treasuries, money-market funds represented as on-chain tokens); and prediction markets (event-contingent contracts that are structurally similar to options but unregulated in most jurisdictions).

The common property of all three is that they operate outside the conventional trading day. A Thursday evening position in tokenised US treasury bills does not benefit from risk management infrastructure designed to close books at 16:30. LO:TECH's core proposition is that firms trading across these markets need a different operational architecture from the start — not a modification of existing systems — and it has built accordingly, reporting a 10µs median order execution time and trading globally across time zones.

Its business model combines proprietary trading with its own capital and client-facing services: designated market making for token issuers, liquidity provision for exchanges, and execution services for institutional clients.

The $12M and what follows

The Series A capital funds two parallel tracks. Entry into New York and Singapore gives LO:TECH presence in the two major non-European time zones where digital-asset and emerging RWA markets are most liquid. Simultaneously, the firm plans to scale its execution services for institutional clients across both traditional finance and the growing tokenised-asset sector.

MMC partner Ollie Richards cited triple-digit revenue growth over the past year as the central investment thesis, framing LO:TECH as part of MMC's conviction on blockchain-based financial infrastructure and tokenised real-world assets.

LO:TECH's trajectory — seed to Series A in 15 months, revenue tripling on a sub-20 headcount — is atypically capital-efficient for market-making, a business that typically requires balance sheet at scale. The test is whether that efficiency holds as the firm moves into new geographies and competes for institutional relationships in markets where larger players are already or soon will be present.