Lo:tech secures $12 million for expansion spanning prediction markets
Lo:tech, a London capital markets firm providing liquidity, market data and execution services across traditional, digital and prediction markets, raised 12 million dollars in a Series A round led by MMC, with Faction, 13 Books Capital and Atka also taking part. The company plans to expand into the United States and Asia-Pacific, including New York and Singapore, grow execution services for its more than 50 institutional clients, and pursue regulatory licensing.
Lo:tech has raised 12 million dollars in Series A funding, according to FinSMEs. MMC led the round, with Faction, 13 Books Capital and Atka also participating.
The London capital markets firm supplies liquidity, market data and execution services across traditional, digital and prediction markets. Its expansion plans therefore extend beyond prediction markets alone.
Geographic expansion and institutional services
Lo:tech plans to enter the United States and Asia-Pacific, including New York and Singapore, according to FinSMEs. Those locations form part of the company’s planned international expansion.
The company also intends to expand execution services for its more than 50 institutional clients and pursue regulatory licensing. The supplied summary does not identify specific licences or give a timetable for these plans.
What it means for prediction markets
- Infrastructure is the link: Lo:tech’s liquidity, data and execution services make the funding relevant to prediction-market readers, although its business also covers traditional and digital markets.
- Expansion remains prospective: The announced plans include New York and Singapore; the summary does not establish when operations will begin in either location.
- Licensing is a development to track: Regulatory licensing is an stated objective, not a reported approval. The summary does not specify how much of the funding will go toward prediction markets.
Sources & attribution
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