On-chain CLOB protocol developer Kuru Labs raises $11.5 million in Series A funding led by Paradigm
2025/07/07 14:07According 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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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