LO:TECH Secures $1.6 Million Seed Investment for Growth
Low Observable Technology (LO:TECH), a prominent digital asset trading firm based in London, UK, has announced a significant milestone in its growth journey. On September 12, 2024, the company successfully closed a seed round investment worth $1.6 million (£1.2 million), led by the well-respected crypto venture capital firm Lightspeed Faction. This funding comes with additional contributions from Blockchain Coinvestors and notable angel investor Chris Adelsbach. The financial backing is intended to enhance LO:TECH's operational capacity, as well as to fortify its core trading infrastructure, setting the stage for a more innovative approach to digital asset trading.
The investment marks a critical step in LO:TECH’s ambition to disrupt the traditional market making services by introducing a technology-driven model that promises clients unprecedented transparency and control.
The firm, under the leadership of CEO Tim Meggs, is focusing on addressing the inadequate levels of service seen in current market making offerings. With this funding, LO:TECH aims to expand its team by attracting talented professionals from across the digital asset sphere. These new hires are expected to bring a wealth of expertise and creativity, thereby driving innovation within the company and enhancing its service offerings to token projects and protocols.
LO:TECH's new venture, Market Making as a Service (MMaaS), is designed to deliver innovative and transparent trading solutions enhanced by the firm's proprietary low-latency technology. With features such as a real-time dashboard that provides clients with comprehensive visibility over their market-making activities, LO:TECH is set to redefine liquidity provision. This service not only establishes robust connections with all major exchanges, including Binance, OKX, Bybit, and Gate.io, but also acts as a valuable partner for tokens in effectively managing their exchange relationships. As LO:TECH continues to strengthen its market position, further details about its MMaaS offering are anticipated to be disclosed in the near future.
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