Monad ecosystem DEX Kuru Labs Completes $11.50 Million Series A Funding Round Led by Paradigm

Monad ecosystem DEX Kuru Labs has completed an $11.50 million Series A funding round led by Paradigm, with participation from angel investors such as 0xDesigner and Viktor Bunin. The company had previously raised approximately $2.20 million in seed funding. Kuru adopts a "hybrid CLOB-AMM model," combining the automated market maker function common in cryptocurrency with the central limit order book architecture of traditional exchanges to achieve new levels of functionality. [The Block]