News
LO:TECH Raises $5M to Accelerate Next Stage of Growth in Onchain Capital Markets
A $5m round led by 13books Capital to build out our onchain capital markets stack.
Aug 21, 2025
2 min read

LONDON, UK – August 21, 2025 – Low Observable Technology (LO:TECH), the London-based digital asset trading firm bringing transparency and performance to global capital markets, has closed a $5 million seed funding round led by 13books Capital. There was additional participation from Lightspeed Faction, Veris Ventures, CRIT Ventures USA, Stake Capital Group and fintech and digital asset investors including Mark Ransford and Rodney Ngone.
Just one year after publicly launching its market data and token market making services, LO:TECH has rapidly established itself as a high-growth trading business serving both crypto-native and traditional finance clients. This raise marks the next step in that trajectory, funding the expansion of its high-frequency trading infrastructure into a broader range of onchain 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-led study to quantify the crypto market making industry’s trust problem. Surveying over 2,000 participants from 98 countries, the research found that 52% of the crypto community does not trust market makers, 70% would prosecute them for their impact on the ecosystem, and more than a third believe they exist to manipulate price.
“LO:TECH was founded with the ambition of building unified, high-frequency trading infrastructure that would operate seamlessly across centralised, DeFi and TradFi venues,” comments 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 was designed to close the trust gap that presently exists between crypto market makers and the rest of the industry. Clients receive full, real-time visibility into liquidity, with live order books, spreads, depth, KPIs, and performance data across all venues. This transparent approach stands apart from the opaque, misaligned practices common in the industry.
“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.”
LO:TECH’s technology is already trusted by clients worldwide, from leading crypto projects to established institutions. Building on that foundation, the company is positioned to set the benchmark for transparency and reliability as capital markets continue their shift onchain.
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