Low Observable Technology (LO:TECH) secures £1.2 million Seed Investment led by Lightspeed Faction

Introduces New Market Making as a Service (MMaaS) to Provide Unparalleled Transparency and Control

[London, UK] September 12, 2024 – Low Observable Technology (LO:TECH), a digital asset trading firm, today announced the closing of a $1.6 million (£1.2 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.”

“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.”

Tim Meggs, CEO of LO:TECH

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. Additional information regarding LO:TECH’s MMaaS will be released at a later date. 

About Low Observable Technology

Low Observable Technology (LO:TECH) is a digital asset trading firm based in London, UK, committed to empowering a more equitable financial future by enhancing market efficiency, accessibility, and transparency. Since its founding, LO:TECH has leveraged cutting-edge technology to provide liquidity to global markets and offer clients innovative, transparent trading solutions. Their mission is to make markets better by providing clients with the tools to elevate their trading performance and decision-making capabilities. LO:TECH is driven by a bold vision to become a global leader in market making and execution services for digital assets, offering a range of services including Market Making, Market Data, Trade Analysis, and Execution Services.

Join us in shaping the future of trading. To learn more about LO:TECH, visit https://lo.tech. For more information on this story, contact Stephen Duffy, Marketing Director, at [email protected]. 

About Lightspeed Faction

Lightspeed Faction is the leading blockchain-native venture capital firm that merges Silicon Valley VC experience with deep blockchain expertise. Faction typically invests in early-stage startups across the blockchain ecosystem that are in their Seed or Series A funding rounds. Faction is firmly committed to the growth of the crypto space, investing in projects with the potential to meaningfully contribute to and advance the industry and society at large. For more information, please visit: https://www.faction.vc 

About Lightspeed Faction’s Relationship with Lightspeed

Faction Ventures, LLC (“Faction”) and Lightspeed Management Company, L.L.C. (“Lightspeed”) are separate businesses that operate independently of each other. Faction is a registered investment adviser under the United States Investment Advisers Act of 1940, as amended. Faction advises its own fund(s) and does not advise any Lightspeed clients, and Lightspeed does not advise Faction or any of its clients.