Investment Platform Haruko Raises $6M Funding to Fuel Asia Growth Plans

Tanzeel Akhtar

Last updated:

July 18, 2024, 10:48 EDT | 1 min read

Haruko, a digital asset investment management platform, has raised $6 million in a funding round to help fuel its expansion into Southeast Asia.

The Series A funding round was co-led by White Star Capital’s Digital Asset Fund and MMC Ventures, bringing Haruko’s total venture capital raised to a total of $16 million.

The firm was founded in 2021, and has scaled its operations across North America and Europe, with a client base of over 50 investment management institutions.

The digital asset management firm said the $6 million injection of capital will support its expansion into Southeast Asia. Clients in the region have shown interest in Haruko’s advanced portfolio and risk management solutions for digital asset investment professionals, said the firm.

Haruko Reaches Hedge Funds, and Family Offices

Haruko’s reach spans an array of market participants, including hedge funds, family offices, market makers, treasury teams, and prime brokerages. The firm has offices in London and Singapore,

The platform is noted for its adoption among large-scale trading firms. Haruko has coverage of centralized exchanges (CeFi), decentralized finance (DeFi), and over-the-counter (OTC) venues, and supports multiple financial products.

“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.

Malik underscores Haruko’s dedication to maintaining a seamless user experience. He stressed the need to support clients’ revenue generation goals through alpha creation.

Plans to Grow Team

Malik also highlighted the company’s future plans, adding there are plans to grow the team. The new funding round underscores Haruko’s growth trajectory over the past two years.

“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,” said Malik.

Many crypto projects and investors are turning to Asia in search of growth opportunities amid increasing regulatory scrutiny in the U.S. and Europe. Asia has become an attractive destination for crypto ventures due to several factors.

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