Digital asset management platform Haruko raises $6 million in Series A

Platform for managing digital assets Haruko today announced a $6 million Series A funding round to expand into Southeast Asia and further solidify its global presence.

Founded in 2021, Haruko’s technology supports institutions deploying capital across the digital asset ecosystem by consolidating positions across exchanges, on-chain and OTC activity with access to real-time and historical price, risk and profit and loss reports, facilitating effective treasury management, compliance, investor reporting and financial control functions.

Haruko has quickly established itself in North America and Europe, has a client base of over 50 investment management institutions and maintains offices in London and Singapore.

Clients include hedge funds, family offices, market makers, treasury teams, and prime brokerage firms. Adoption among large trading firms is high due to its extensive coverage of exchange (CeFi), on-chain (DeFi), and over-the-counter (OTC) trading venues and support for multiple products.

“Haruko is fully focused on developing institutional solutions for the future of the investment industry and providing world-class service to consistently exceed our clients’ expectations,” said Shamyl Malik, co-founder and CEO of Haruko.

“While we had several growth opportunities through acquisitions, we instead prioritized our seamless user experience, stayed true to our goal from day one, and developed our market-leading solution entirely in-house.

We remain true to our mission to create best-in-class technology, simplify complexity for our customers and help them generate revenue, whether through pure alpha generation or building a franchise.”

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

Sep Alavi, General Partner at White Star Capital, added:

“We invest in disruptive innovators and as the digital asset space matures, Haruko is leading the way in ensuring institutions are equipped to capitalize on these new opportunities.”

Oliver Richards, General Partner of MMC Ventures, commented:

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

The post-trade part of the digital asset landscape that Haruko focuses on has been under-covered to date and we believe Shamyl and his team have the deep expertise required to solve this problem.”

Cover photo: Haruko. Photo: no credit given.