On-chain CLOB protocol developer Kuru Labs raises $11.5 million in Series A funding led by Paradigm

According to ChainCatcher, as reported by The Block, the on-chain CLOB protocol development team Kuru Labs has announced the completion of an $11.5 million Series A funding round led by Paradigm. The team is dedicated to building a new type of decentralized exchange on the Monad blockchain that integrates automated market maker (AMM) and centralized limit order book (CLOB) architectures.

Kuru adopts a default AMM strategy to provide basic liquidity for each order book, aiming to enhance the flexibility and depth of on-chain trading. The project previously completed a $2.2 million seed round. Other investors include several angel investors such as 0xDesigner and Zagabond.