Paradigm Backs $11.5M for Kuru Labs’ Hybrid DEX on Monad

- Paradigm leads $11.5 million Series A for Kuru Labs. - Kuru Labs to build hybrid CLOB-AMM exchange on Monad. On July 7, 2025, The Block reported that Paradigm led a $11.5 million Series A funding round for Kuru Labs. Kuru Labs is developing a decentralized exchange (DEX) with an innovative trading model on the Ethereum-compatible Monad Layer 1 blockchain. The new DEX combines a Central Limit Order Book (CLOB) with an Automated Market Maker (AMM), a structure that optimizes liquidity and enhances functionality for on-chain trading. Kuru Labs' hybrid approach redefines how decentralized exchanges operate. Its Automated Market Maker (AMM) mechanism guarantees consistent liquidity, while its native limit order functionality, adapted from traditional finance, enables precise trade execution. Co-founder Vaibhav Prakash explained this design significantly reduces the exchange's dependence on conventional market makers for liquidity. Kuru Labs chose the Monad blockchain for its high performance and Ethereum compatibility, providing the technological backbone for the DEX's operations. Paradigm's strategic involvement highlights the venture capital firm’s deep expertise in decentralized exchanges. Prakash noted Paradigm's proven ability to foster successful platforms like Uniswap, emphasizing the firm's deep understanding of on-chain market dynamics. This Series A round builds on an earlier seed round where Kuru Labs raised $2.2 million. Several notable angel investors also participated, including 0xDesigner, Viktor Bunin, Zagabond, Tristan Yver, and Kevin Pang. According to CoinMarketCap on July 7, Ethereum (ETH) was trading at $2,782 at 12:00 UTC, reflecting a 1.8% increase in 24-hour trading volume.