The London-based digital asset trading firm LO:TECH raises $5 million in seed round
The London-based digital asset trading firm LO:TECH has successfully raised $5 million in a seed round led by 13books Capital, with participation from Lightspeed Faction, Veris Ventures, CRIT Ventures USA, and angel investors Mark Ransford and Rodney Ngone.
According to LO:TECH, the funding will be utilized to expand its high-frequency trading stack into a wider range of services. The firm aims to introduce agency execution and OTC trading to its existing market data and liquidity provision services, positioning itself as a trading firm poised for the upcoming shift of capital markets activity onto blockchain rails.
CEO Tim Meggs expressed his excitement about the investment round, stating, “LO:TECH was founded with the ambition of building unified, high-frequency trading infrastructure that would operate seamlessly across centralized, DeFi, and TradFi venues. This investment round allows us to power on to the next stage of our evolution, expanding our activity to include more on-chain capital markets services.”
Alongside its fundraising efforts, LO:TECH has been actively promoting transparency in digital asset markets. The company recently released its State of Crypto Market Making 2025 report, which highlighted concerns about trust in liquidity providers within the crypto community. The company plans to incorporate the principles of real-time visibility outlined in the report into its product roadmap.
Lead investor 13books Capital, known for backing fintech and infrastructure startups, emphasized LO:TECH’s innovative approach to rebuilding capital markets infrastructure. Partner Michael McFadgen praised LO:TECH for its focus on performance and transparency in token market making, positioning the firm as a key player in the evolving crypto markets landscape.
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