ChainCatcher reported that according to CoinDesk, crypto trading company and market maker Auros said in an interview that its newly established venture capital department plans to invest more than $50 million of its own capital in early-stage digital asset companies in the next two years. To lead the investment work, the company appointed Julien Auchecorne as the head of Auros Ventures. Auchecorne previously worked at hedge fund Brevan Howard and digital asset service platform XBTO International, as well as other crypto and traditional investment companies.
Auros CEO Ben Roth said that before the establishment of the venture capital department, Auros has invested in more than a dozen projects and issued nearly $20 million worth of investments since the third quarter of 2023. Speaking about the company's funding allocation method, Auchecorne explained that Auros plans to make "concentrated bets" mainly on seed and Series A financing stage projects.
