Haruko, a digital asset investment management platform, has announced a $6 million funding round aimed at expanding its services into Southeast Asia. The Series A round was co-led by White Star Capital’s Digital Asset Fund and MMC Ventures, bringing the company's total venture capital funding to $16 million. This move is set to address inefficiencies in digital asset management and further consolidate Haruko's global presence.
Founded in 2021, Haruko has rapidly scaled its operations across North America and Europe, serving over 50 investment management institutions. The company maintains offices in London and Singapore, gaining significant traction among hedge funds, family offices, market makers, treasury teams, and prime brokerages. According to the company, its platform is seeing high adoption rates among large-scale trading firms due to its comprehensive capabilities in exchange (CeFi), on-chain (DeFi), and over-the-counter (OTC) venue coverage.
Shamyl Malik, co-founder and CEO of Haruko, emphasized the company's commitment to building institutional-grade solutions for the future of the investment industry. “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,” Malik stated. He added that Haruko’s mission is to create best-in-class technology that simplifies complexity for clients and supports their revenue generation goals.
Malik also highlighted the company’s plans for continued global expansion and investment in talented team members to build out an industry-leading, end-to-end solution for digital assets. “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,” he added.
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, remarked, “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.”
Oliver Richards, General Partner of MMC Ventures, echoed similar sentiments. “MMC is a research-led fund, and we have been actively looking at the blockchain and digital assets space for more than five years. 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 his team have the deep domain knowledge required to solve this problem,” Richards said.
Haruko has been recognized for its innovative approach, earning accolades such as HFM’s Most Innovative Technology Firm and HedgeWeek’s Best New Solution Provider in 2023. The company’s clients include hedge funds, market makers, OTC providers, prime brokers, exchanges, DeFi chains, custodians, and other financial service providers, indicating its broad impact on the digital asset ecosystem.
The expansion into Southeast Asia is expected to significantly benefit institutional investors by providing a secure and regulated environment for digital asset management. As the digital asset space continues to grow, Haruko’s advanced solutions will likely play a crucial role in shaping the future of the investment industry.
