LO:TECH raises $12 million to expand trading business (34124f4a-8e81-4fc6-b5b6-c4b301f63f7f)

Business · First reported 2 Nov, 14:00 · Updated 14:19

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London-based trading firm LO:TECH raised a $12 million Series A led by MMC and plans to expand in the US and Asia. The company says it will develop execution services across traditional, digital and prediction markets. (34124f4a-8e81-4fc6-b5b6-c4b301f63f7f; 38789ffd-3d32-4de2-884f-332318b0f3af)

LO:TECH raised $12 million in a Series A led by MMC, with Faction, 13 Books Capital and Atka also participating. (34124f4a-8e81-4fc6-b5b6-c4b301f63f7f)
The London-based firm plans to expand to New York and Singapore; it is exploring US licences. (34124f4a-8e81-4fc6-b5b6-c4b301f63f7f; 38789ffd-3d32-4de2-884f-332318b0f3af)
The company says it is launching execution services in traditional, digital and prediction markets. (34124f4a-8e81-4fc6-b5b6-c4b301f63f7f)

Summary written by Lux AI from 2 articles

Key facts

Series A: $12 million, led by MMC (34124f4a-8e81-4fc6-b5b6-c4b301f63f7f)
Additional investors: Faction, 13 Books Capital and Atka (34124f4a-8e81-4fc6-b5b6-c4b301f63f7f)
Planned expansion: New York and Singapore (34124f4a-8e81-4fc6-b5b6-c4b301f63f7f; 38789ffd-3d32-4de2-884f-332318b0f3af)
Reported client count: Over 50 clients (34124f4a-8e81-4fc6-b5b6-c4b301f63f7f)
Current team size: Just under 20 people (34124f4a-8e81-4fc6-b5b6-c4b301f63f7f)