Low Observable Technology (LO:TECH), the London-based digital asset trading firm, has raised $1.6 million in a seed funding round led by Lightspeed Faction, a prominent venture capital firm focused on the cryptocurrency sector. Additional participation came from Blockchain Coinvestors and Chris Adelsbach.
LO:TECH provides liquidity to global markets through its advanced trading solutions and intends to use the funding to drive its growth and strengthen its core trading infrastructure. A key priority is to expand its team by hiring experienced professionals from across the digital asset industry, aiming to bring new expertise and innovation to the firm. The investment will also support LO:TECH’s plans to scale its operations and introduce a range of trading solutions built on its proprietary technology.
“Everything we do at LO:TECH is built on top of great trading infrastructure,” comments Tim Meggs, CEO of LO:TECH. “This investment from Faction – a team known for backing disruptive, entrepreneurial teams – is validation of our vision and will allow us to push forward building innovative trading technology and services.
He continues: “One area of the market we want to tackle in particular is the subpar levels of service and poor use of technology offered by existing market making service providers. We’re excited to announce the launch of our new technology-first market making service for token projects and protocols. Fully transparent and built on top of our own proprietary trading infrastructure, we think this is a game-changer in the liquidity provision space.”
Introduced in conjunction with the funding round, the company’s newly launched Market Making as a Service (MMaaS) is underpinned by LO:TECH’s institutional-grade, low-latency technology, and is designed to offer a high degree of transparency, control, and flexibility in managing liquidity. It features a real-time dashboard that provides comprehensive visibility into market making activities, allowing clients to adjust parameters and access detailed reports instantly.
The MMaaS service benefits from established relationships with major exchanges such as Binance, OKX, Bybit, and Gate.io, enhancing its ability to support tokens in managing their exchange relationships effectively.
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