Venture capital firm Paradigm has led the Series A $11.5 million funding round for Kuru Labs, a startup building a decentralized exchange on the high-performance Ethereum-compatible Monad Layer 1.
Kuru uses a “hybrid CLOB-AMM model” that combines the automated market maker (AMM) functions often seen in crypto with the central limit order book (CLOB) architecture true to traditional exchanges to achieve a new level of functionality.
“Each order book comes with a default market maker, and the strategy that the market maker follows is that of an AMM,” Kuru co-founder Vaibhav Prakash told The Block in an interview. “So you will always have liquidity to trade against. It might not be the best price because it’s still an AMM, but it still offers you the benefits of placing limit orders natively.”
In other words, Kuru is designed so that it doesn’t necessarily need to work with traditional market makers.
Angel investors include 0xDesigner, Viktor Bunin, Zagabond, Tristan Yver, Kevin Pang, Will Price, Alex Watts, Jordan Hagan, 3nes, Shreyas Hariharan, Auri, and Joe Takayama. The firm raised about $2.2 million in seed funding.
“Paradigm really makes sense for us because it has actually helped a lot of exchanges onchain take off,” Prakash said. “They really understand market dynamics and microstructure. Their investments in Ellipsis Labs, Sorella Labs, Uniswap all mean that the people we work with at Paradigm really understand how markets work onchain. I don’t think we would have been happier with any other VC doing this for us.”
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
