Auros raises $17m to strengthen LP and market making business in Crypto

Auros has raised US$17 million in a funding round led by global high frequency trading firm, Vivienne Court, to accelerate its mission to support builders in the web3 ecosystem through further expansion of its Strategic Market Making business, which aims to create healthy, liquid markets for all of its partners.

The crypto-native algorithmic trading and market-making firm raised funds from several other investors, namely Bit Digital, Trovio, Epoch Capital, Primal Capital, and a consortium of senior alumni from market-making giant Optiver.

Auros is an LP for over 30 CEXs and DEXs

As part of the investment round, Vivienne Court co-founder Marcel Klooss and Bit Digital co-founder Hughes Ching will join Auros’ Board of Directors.

Auros was founded in 2019 by trading industry and fintech veterans, having since become a market making partner for dozens of web3 projects and a leading liquidity provider to more than 30 major centralized and decentralized cryptocurrency trading venues, covering thousands of individual instruments.

The investment round will also allow Auros to scale its Derivatives Solutions business, where projects, decentralized autonomous organizations (DAOs), miners, and accredited institutions can gain access to yield, protection, and participation structures from a trusted, market-leading provider.

The firm uses HFT strategies to trade a relevant proportion of global cryptocurrency volume and plans to continue to redefine liquidity provision.

Auros to build market making and derivatives solutions for HFT arbitrage

Ben Roth, Co-Founder and Chief Investments Officer of Auros, said: “This strategic partnership with VivCourt and Bit Digital will place Auros in a strong position to build upon our best-in-class market making offering, grow our Derivatives Solutions business and continue to expand market share in our core HFT arbitrage and relative value strategies. We are excited for the opportunities that this major milestone will bring and look forward to growing alongside all of our new partners.”

Marcel Klooss, Co-Founder of Vivienne Court, commented: “We are thoroughly impressed by what the Auros team has been able to accomplish since their inception 4 years ago. Under the leadership of its founders Ben and Brendan, Auros has developed into a market leader in the crypto space and is well-positioned for the industry’s next stage of growth. Our two firms have complementary skill sets and unique attributes that will generate sustained synergies, leading to significant value creation for all stakeholders. All of us at Vivienne Court are delighted to be embarking on this journey with them.”

Samir Tabar, Chief Strategy Officer of Bit Digital Inc, added: “Bit Digital’s investment in Auros underscores our confidence in the firm’s robust infrastructure and its ability to complement our core business. Through unique yield generation opportunities and bespoke hedging solutions, Auros is able to provide sophisticated support to Bit Digital whilst also working to bring much needed liquidity and market making capabilities to the industry. This is key to fostering a healthy and dynamic digital assets ecosystem. The team’s deep derivatives background and expertise across technology and finance also bring the necessary capabilities to cater to our growing business needs. We are excited to have Auros as a strategic, institutional-quality partner and unlock more synergies together”.