LO:TECH Secures $1.6 Million in Seed Funding and Introduces Market Making as a Service for Digital Assets

Low Observable Technology today announced the closing of a $1.6 million seed round investment led by Lightspeed Faction, a prominent crypto venture capital firm with participation from Blockchain Coinvestors and Chris Adelsbach.

The company plans to utilize the investment towards accelerating LO:TECH’s growth and further strengthen its core trading infrastructure. A key focus includes expanding the team by attracting top talent from across the digital asset industry, bringing invaluable expertise and innovation to LO:TECH through new hires. This investment will allow LO:TECH to scale its operations and launch a suite of trading solutions, all underpinned by the cutting edge technology the firm has developed.

“Everything we do at LO:TECH is built on top of great trading infrastructure. 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,” said Tim Meggs, CEO of LO:TECH. “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.”

LO:TECH leverages state-of-the-art technology to provide liquidity to global markets and offers clients innovative and transparent trading solutions, including its market making service (MMaaS) that has launched in tandem with this funding round. Built on LO:TECH’s institutional-grade, low-latency technology, MMaaS provides token projects, protocols, and foundations with unparalleled transparency, control, and flexibility in managing liquidity. The service includes a real-time dashboard that offers full visibility over market-making activities, enabling clients to adjust key parameters and access detailed reports instantly.

LO:TECH’s market making service also boasts established relationships with all major exchanges, including Binance, OKX, Bybit and Gate.io, further enhancing the firm’s ability to provide superior market making services while assisting tokens in managing their exchange relationships effectively.