Digital asset investment management platform Haruko today announced a $6 million Series A funding round as it expands into Southeast Asia and further consolidates its global presence. 

Founded in 2021, Haruko’s tech supports institutions deploying capital across the digital asset ecosystem, through the consolidation of positions across exchanges, on-chain and OTC activity with access to real-time and historical pricing, risk and P&L reporting. This facilitates effective treasury management, compliance, investor reporting and financial controllership functions.

Haruko has quickly scaled across North America and Europe with a client base of over 50 investment management institutions and has offices in London and Singapore.

Clients include hedge funds, family offices, market makers, treasury teams and prime brokerages, with high adoption among large-scale trading firms in response to its comprehensive exchange (CeFi), on-chain (DeFi) and over-the-counter (OTC) venue coverage and multi-product support.

“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 prioritised 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.”

White Star Capital’s Digital Asset Fund and MMC Ventures co-led the funding round. Haruko has now raised $16 million in venture capital funding.

Sep Alavi, General Partner at White Star Capital added:

“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 commented: 

“MMC is a research-led fund and we have been actively looking at the blockchain and digital assets space for more than five years.

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.” 

Lead image: Haruko. Photo: uncredited.