Haruko Secures $6M in Funding, Expands into Southeast Asia

Haruko, a digital asset investment management platform, announced a $6 million Series A funding round aimed at expanding its operations into Southeast Asia and enhancing its global footprint. This development comes in response to increased interest in the region in Haruko's portfolio and risk management solutions tailored for digital asset investment professionals.

The funding round was co-led by White Star Capital's Digital Asset Fund and MMC Ventures, bringing Haruko's total venture capital funding to $16 million. Founded in 2021, Haruko has rapidly scaled across North America and Europe, now serving over 50 investment management institutions with offices in London and Singapore. The platform has gained significant traction among various market participants, including hedge funds, family offices, market makers, treasury teams, and prime brokerages.

Haruko's appeal lies in its comprehensive functionality, covering centralized exchanges (CeFi), decentralized finance (DeFi), and over-the-counter (OTC) venues, along with multi-product support. These capabilities have led to high adoption rates among large-scale trading firms.

"Haruko is laser-focused on building institutional-grade solutions for the future of the investment industry and providing a white-glove service to exceed our clients' expectations consistently," said Shamyl Malik, co-founder and CEO of Haruko. "Despite having had several opportunities for growth through acquisition, we instead prioritized our seamless user experience, stayed true to our day one goal, and built our market-leading solution entirely in-house. We never deviate from our mission of creating best-in-class technology, simplifying complexity for our clients, and supporting their goal of revenue generation, be it through pure alpha creation or franchise building."

Malik added, "We're looking forward to continuing our global expansion, investing in exceptionally talented team members to support us in our goal of building out an industry-leading, end-to-end solution for digital assets and the future of the finance industry. We will continue to invest singularly in this mission, ensuring the quality of our products and services is at the forefront of all our activity."

This funding round underscores Haruko's impressive growth over the past two years and signals continued confidence in its ability to deliver top-tier solutions for digital asset investors.

Sep Alavi, General Partner at White Star Capital, commented, "We invest in game-changing innovators and as the digital asset space continues to mature, Haruko is leading the way in ensuring institutions are equipped to embrace these new opportunities. We're delighted to continue our partnership with Haruko and its experienced founders as they embark on the next phase of their strategic growth journey."

Oliver Richards, General Partner of MMC Ventures, remarked, "MMC is a research-led fund and we have been actively looking at the blockchain and digital assets space for more than five years. Over that time, our conviction that institutional ownership of digital assets will increase, and with it, the need for sophisticated infrastructure has grown. It is clear that the post-trade part of the digital asset landscape which Haruko focuses on has been poorly served to date and we believe that Shamyl and team have the deep domain knowledge required to solve this problem."

Haruko is setting a new standard for fintech solutions in digital assets, earning accolades such as HFM's Most Innovative Technology Firm and HedgeWeek's Best New Solution Provider in 2023. The platform's client base includes institutions like hedge funds, market makers, OTC providers, prime brokers, exchanges, DeFi chains and protocols, custodians, and other financial service providers.

Haruko provides a comprehensive digital asset technology solution for institutions deploying capital across the digital asset ecosystem. The platform offers seamless consolidation of positions across exchanges, on-chain, and OTC activity with access to real-time and historical pricing, risk, and P&L reporting, providing the transparency needed for effective treasury management, compliance, investor reporting, and financial controllership functions.

With an experienced team of traditional finance (TradFi) and digital industry veterans located across Europe and Asia, Haruko supports over 50 institutional clients globally, optimizing their front-, middle-, and back-office workflows and operational controls.