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Kuru Labs raised $11.5 million led by Paradigm to build a hybrid DEX.
PANews July 7 news, according to The Block, Kuru Labs announced the completion of a $11.5 million Series A financing led by Paradigm, dedicated to building a new type of decentralized exchange that integrates Automated Market Maker (AMM) with Centralized Limit Order Book (CLOB) architecture on the Monad blockchain. Kuru adopts a default AMM strategy to provide underlying liquidity for each order book, aiming to enhance on-chain trading flexibility and depth. The project previously completed a $2.2 million seed round financing. Investors also include multiple angel investors such as 0xDesigner and Zagabond.