British digital asset investment management platform Haruko has snapped $6 million in Series A funding. The round was co-led by White Star Capital’s Digital Asset Fund and MMC Ventures (which invested in Supercede and LiveEO). With this, the company has raised a total funding of $16 million.
How will it use the investment?
This investment will help the company expand into Southeast Asia and further consolidate its global presence. This follows heightened interest in the region of its industry-leading portfolio and risk management solutions for digital asset investment professionals.
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.”
What does Haruko do?
Founded by Shamyl Malik, Adam Carlile, and Omer Suleman in 2021, Haruko provides the most comprehensive digital asset technology solution for institutions deploying capital across the digital asset ecosystem. It provides the transparency needed for effective treasury management, compliance, investor reporting and financial controllership functions.
Client base
The company 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.
Haruko has gained significant traction across all market participants, including hedge funds, family offices, market makers, treasury teams and prime brokerages.
“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.”
What do we think about Haruko?
The digital asset management platform demonstrates strong growth potential with its Series A funding. Its expansion into Southeast Asia and a robust client base of 50+ institutions highlight its effective solutions for treasury management and compliance. With a focus on institutional-grade technology and user experience, Haruko is well-positioned to capitalise on the growing digital asset market.
