Kuru Labs has raised $11.5 million in a Series A funding round led by Paradigm, with participation from angel investors including 0xDesigner and Viktor Bunin. The funds will support the development of a hybrid decentralized exchange on the Ethereum-compatible Monad blockchain, combining centralized limit orders with automated market making. This follows a $2.2 million seed round led by Electric Capital in July 2024. Co-founder Vaibhav Prakash emphasized Paradigm's strategic role in leveraging on-chain market expertise.