LONDON, UK — 15 July 2024 — Haruko, a leading provider of digital asset investment management technology, today announced a $6m Series A co-led by White Star Capital’s Digital Asset Fund and MMC Ventures.
Founded in 2021, Haruko has grown a global client base of over 50 investment management institutions with offices in London and Singapore, and provides industry-leading portfolio and risk management solutions for digital asset investment professionals. Haruko has gained significant traction across all market participants including hedge funds, family offices, market makers, treasury teams and prime brokerages.
It also has notably high adoption among large-scale trading firms owing to its unparalleled depth of functionality, comprehensive exchange (CeFi), on-chain (DeFi) and over-the-counter (OTC) venue coverage and multi-product support.
This round underpins Haruko’s impressive growth over the last two years and signals continued confidence in its ability to deliver best-in-class solutions for digital asset investors.
“It is an honour and a privilege to have secured this funding and valuation in the face of strong headwinds in the venture capital investment space. Haruko is laser-focused on building institutional-grade solutions for the future of the investment industry and providing 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.”
“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. We will continue to invest singularly in this mission, ensuring the quality of our products and services is at the forefront of all our activity.” added Malik.
“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.” said Sep Alavi, General Partner at White Star Capital.
“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.” said Oliver Richards, General Partner of MMC Ventures.
Haruko is setting a new standard for fintech solutions in digital assets, earning accolades such as HFM’s Most Innovative Technology Firm and HedgeWeek’s Best New Solution Provider in 2023, and offering solutions used by the entire digital asset ecosystem. Haruko’s client base consists of institutions including hedge funds, market makers, OTC providers, prime brokers, exchanges, DeFi chains and protocols, custodians and other financial service providers.
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About Haruko
Haruko provides the most comprehensive digital asset technology solution for institutions deploying capital across the digital asset ecosystem. Seamless consolidation of positions across exchanges, on-chain and OTC activity with access to real-time and historical pricing, risk and P&L reporting provides the transparency needed for effective treasury management, compliance, investor reporting and financial controllership functions.
Haruko has an experienced team of TradFi and digital industry veterans located across Europe and Asia supporting more than 50 institutional clients globally using the award-winning Haruko platform to optimise their front-, middle- and back-office workflows and operational controls.
For more information on Haruko, please visit haruko.com and follow on LinkedIn.
About White Star Capital
White Star Capital is a global multi-stage technology investment firm that backs exceptional entrepreneurs building ambitious, international businesses. Operating across North America, Europe, the Middle East, and Asia, our global presence, perspective, and people enable us to partner closely with our founders to help them scale internationally.
About MMC Ventures
MMC is a leading European venture capital firm with a focus on early-stage AI and data science companies across sectors including cloud & data infrastructure, enterprise AI, fintech and data-driven health. Examples of fintech companies MMC has backed include Interactive Investor, Copper, YuLife, Safeguard Global and TreasurySpring.
