Haruko, the digital asset investment management platform, has expanded into Southeast Asia following a $6million Series A funding round.
By expanding into the region, Haruko will be helping Southeast Asian institutional investors engage with digital assets in a secure and regulated environment. The expansion also consolidates the firm’s global presence, having secured over 50 investment management institutions across North America and Europe.
“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.”
With offices in London and Singapore, Haruko has gained significant traction across all market participants including hedge funds, family offices, market makers, treasury teams and prime brokerages.
“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,” added Malik.
Haruko has earned accolades such as HFM’s ‘Most Innovative Technology Firm’ and HedgeWeek’s ‘Best New Solution Provider in 2023’.
Successful funding
The series A funding round was co-led by White Star Capital’s Digital Asset Fund and MMC Ventures. Haruko has now raised $16million in venture capital funding.
This round underpins Haruko’s impressive growth over the last two years and signals continued confidence in its ability to deliver best-in-class solutions for digital asset investors.
It also has notably high adoption among large-scale trading firms owing to its unparalleled depth of functionality, comprehensive exchange (CeFi), on-chain (DeFi) and over-the-counter (OTC) venue coverage and multi-product support.
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. 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 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. 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.” said
