Crypto VC Paradigm Leads $11.6M Round for Kuru Labs’ DeFi Liquidity Engine
Kuru Labs, a decentralized finance (DeFi) startup built on the Monad blockchain, has closed an $11.6 million Series A funding round led by crypto-focused investment firm Paradigm.
The raise will help create a central-limit orderbook (CLOB) combined with automated market-making capabilities for Monad, a super-fast version of Ethereum, which was also backed by Paradigm in a $225 million raise last year.
The CLOBs are trading systems that match traders’ buy and sell orders based on time and price priority. The orders are sent at a pre-defined price and would only get executed if the price limit is matched.
Also participating in the kuru Labs raise was a slew of angel investors, including Viktor Bunin (Credibly Neutral), Zagabond, Tristan…
