LO:TECH has raised a $12m Series A led by MMC. The London-based company builds trading infrastructure for markets that run around the clock and onchain.
Evertrace spotted Tim Meggs, co-founder of LO:TECH, 153 days before its first funding announcement.
Before the round
| Evertrace detected the signal | 12 April 2024 |
|---|---|
| First funding announced | 12 September 2024 |
| Time before the first announcement | 153 days |
| Latest round announced | 2 November 2026 |
On 12 April 2024, Evertrace detected a stealth signal for Tim Meggs. Tim was in stealth, working on something new. That was 153 days before LO:TECH's first funding announcement.
Tim Meggs, a former quant trader, founded LO:TECH with Marcus Horsley. The company first announced funding on 12 September 2024, with a $1.6m seed round.
What they’re building
More markets now trade around the clock, from digital assets to prediction markets. LO:TECH builds trading infrastructure that runs continuously across traditional markets, digital assets and prediction markets.
The company recently launched execution services for institutional clients.
The round
MMC led the $12m Series A, with Faction, 13 Books Capital and Atka. LO:TECH will use the funding to expand its trading infrastructure and execution services, open offices in New York and Singapore, and seek regulatory authorisations, including in the US.
Find your next investment before the round. Explore Evertrace →
The founder detection engine for VCs
AI-powered founder detection with unmatched coverage.
Book a demo