LO:TECH Completes $12 Million Series A Funding

According to Shenchao TechFlow, on November 3, LO:TECH announced that London-based capital markets firm LO:TECH completed a $12 million Series A round led by MMC, with participation from existing investors Faction, 13 Books Capital and Atka.

The company said 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 obtain regulatory licenses in the markets it enters and is exploring U.S. licensing.

Source: Shenchao TechFlow