Haruko, a digital asset investment management platform, has recently announced the successful closure of a $6 million Series A funding round. This significant financial milestone is co-led by White Star Capital's Digital Asset Fund and MMC Ventures, elevating Haruko's total venture capital funding to $16 million since its inception in 2021. The investment arrives at a pivotal moment for the digital asset sector, where institutional investors are increasingly in search of secure, regulated platforms to engage with digital assets.
The platform distinguishes itself by offering industry-leading portfolio and risk management solutions, catering to a burgeoning market need. With operations already scaled across North America and Europe, Haruko serves over 50 investment management institutions. The expansion into Southeast Asia is propelled by the region's growing interest in Haruko's services, designed for a wide array of market participants including hedge funds, family offices, and prime brokerages.
Shamyl Malik, Haruko's co-founder and CEO, reiterated the company's dedication to developing institutional-grade solutions that simplify complexity for clients and support their revenue generation objectives. Haruko's emphasis on in-house development and user experience has been instrumental in its success, particularly among large-scale trading firms. The platform's unique selling points include comprehensive coverage of exchange (CeFi), on-chain (DeFi), and over-the-counter (OTC) venues, alongside multi-product support.
Sep Alavi of White Star Capital and Oliver Richards from MMC Ventures have both voiced their confidence in Haruko's capability to prepare institutions for emerging opportunities in the digital asset space. Haruko's innovative approach has earned it prestigious industry recognitions, such as HFM's Most Innovative Technology Firm and HedgeWeek's Best New Solution Provider award in 2023.
Haruko's platform facilitates seamless consolidation of positions across various venues, offering real-time and historical pricing, risk, and P&L reporting. This enhances transparency for treasury management, compliance, and financial controllership functions. With offices in London and Singapore, and a team of seasoned professionals from both traditional finance and digital industries, Haruko is well-positioned to influence the future of digital asset management for institutional investors worldwide.
The digital asset ecosystem's continuous evolution highlights the necessity for robust, institutional-grade solutions. Haruko's expansion and successful funding round reflect a broader industry recognition of this need, positioning the company as a key player in meeting the increasing institutional interest in digital assets. For more information, visit https://www.haruko.io.
