Haruko, a platform for managing investments in digital assets, has raised $6 million in a funding round to help expand in 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 to a total of $16 million.
The company was founded in 2021 and has expanded throughout North America and Europe, with a client base of more than 50 investment management institutions.
The digital asset management firm said the $6 million capital injection will support its expansion in Southeast Asia. Clients in the region have shown interest in Haruko’s advanced portfolio and risk management solutions for digital asset investment professionals, the company said.
Haruko reaches out to hedge funds and family offices
Haruko’s reach covers a range of market participants, including hedge funds, family offices, market makers, treasury teams and prime brokers. The company has offices in London and Singapore.
The platform is known for its adoption among large trading firms. Haruko operates centralized exchanges (CeFi), decentralized finance (DeFi) and over-the-counter (OTC) platforms, and supports a range of financial products.
“Haruko is laser-focused on building institutional-grade solutions for the future of the investment industry and providing white-glove services to consistently exceed our clients’ expectations,” – Shamyl Malik, co-founder and CEO of Haruko, said.
Malik emphasized Haruko’s commitment to providing a seamless user experience. He stressed the need to support customers’ revenue generation goals by creating alpha versions.
The company plans to grow the team
Malik also mentioned the company’s plans for the future, adding that team development is on the agenda. The new round of financing underscores Haruko’s growth trajectory over the past two years.
“We look forward to continuing our global expansion and investing in exceptionally talented team members who will support us in our goal of building an industry-leading end-to-end solution for digital assets and the future of the financial industry.” malik said.
Many crypto projects and investors are turning to Asia for growth opportunities in the face of increasing regulatory scrutiny in the US and Europe.
