Auros will invest $50 million in crypto startups through its newly established Auros Ventures
ChainCatcher news, according to CoinDesk, the crypto trading firm and market maker Auros stated in an interview that its newly established venture capital division plans to invest over $50 million of its own capital in early-stage digital asset companies over the next two years. To lead the investment efforts, the company has appointed Julien Auchecorne as the head of Auros Ventures. Auchecorne previously worked at the hedge fund Brevan Howard and the digital asset service platform XBTO International, as well as other crypto and traditional investment firms.Auros CEO Ben Roth stated that prior to establishing the venture capital division, Auros had already invested in a dozen projects since the third quarter of 2023, deploying nearly $20 million in investments. When discussing the company's funding allocation strategy, Auchecorne explained that Auros plans to primarily make "concentrated bets" on seed and Series A financing stage projects.