Low Observable Technology (LO:TECH), a London-based digital asset trading firm focused on delivering transparency and performance in global capital markets, has closed a $5 million seed funding round led by 13books Capital. Additional investment came from Lightspeed Faction, Veris Ventures, CRIT Ventures USA, and other fintech and digital asset investors, including Mark Ransford and Rodney Ngone.
One year after the public launch of market data and token market making services, LO:TECH has quickly positioned itself as a high-growth trading firm serving both crypto-native and traditional finance clients. The funding round will support the expansion of high-frequency trading infrastructure into a wider array of on-chain capital markets services, including agency execution and OTC trading.
The announcement follows the release of LO:TECH’s State of Crypto Market Making report, a data-driven study measuring trust levels in the crypto market making industry. Surveying over 2,000 participants from 98 countries, the research found that 52% of respondents lack trust in market makers, 70% would prosecute them for their impact on the ecosystem, and more than one-third believe market makers exist to manipulate prices.
“LO:TECH was founded with the ambition of building unified, high-frequency trading infrastructure that would operate seamlessly across centralised, DeFi and TradFi venues,” commented Tim Meggs, CEO of LO:TECH. “A year after coming out of stealth, we've validated our approach by standing up a number of revenue-producing business lines, all built on top of this core infrastructure. This investment round, led by 13books Capital - a leading UK fintech venture investor - is particularly exciting as it allows us to power on to the next stage of our evolution, expanding our activity to include more on-chain capital markets services, including agency execution and OTC trading.”
LO:TECH’s token market making service addresses the trust gap existing between crypto market makers and the wider industry. Clients gain full, real-time visibility into liquidity, including live order books, spreads, depth, KPIs, and performance metrics across all venues. This transparent approach differs from opaque and misaligned practices prevalent in the sector.
"We invested in LO:TECH because they’re rebuilding capital markets infrastructure from first principles: fast, transparent, and fully on-chain,” stated Michael McFadgen, Partner, 13books Capital. “In a fragmented and often opaque industry, their focus on improving performance and transparency in token market making is a real differentiator. As institutions enter the space, LO:TECH is laying the rails that will power the next generation of crypto markets and services."
The technology is already trusted by clients worldwide, ranging from leading crypto projects to established institutions. Building on this foundation, LO:TECH is positioned to set the benchmark for transparency and reliability as capital markets continue their shift on-chain.