LO:TECH Closes $12 Million Series A Funding Round

On November 3 that, according to an announcement from LO:TECH, the London-based capital markets firm LO:TECH has completed a $12 million Series A funding round led by MMC, with participation from existing investors Faction, 13 Books Capital, and Atka.

The company stated that the new capital will be used to expand into the U.S. and Asia-Pacific markets, including New York and Singapore, and to develop trade execution services for institutional clients. LO:TECH plans to secure regulatory licenses in its target markets and is currently exploring options for a U.S. license.