Kuru Labs, decentralized funding (Challenge) The startup built on Monad’s blockchain has closed a series of series A financing for $ 11.6 million led by the investment company focused on the crypto paradigm.
The increase will help create a central order book (Clob) Combined with automated marketing capacities for Monad, an ultra-fast version of Ethereum, which was also supported by paradigm in an increase of $ 225 million last year.
CLOS are commercial systems that correspond to the purchase and sale orders for merchants according to the priority of time and price. Orders are sent at a predefined price and would only be executed if the price limit is equaled.
A slew of providential investors, including Viktor Bunin (Credibly neutral)Zagabond, Tristan Yver, Alex Watts, Jordan Hagan, 3nes, Will Price, Shreyas Hariharan, Auri and Joe Takayama, among others.
“Kuru Labs is dedicated to the construction of the first liquidity center for Monad, bringing a book of powerful central limit orders to the EVM for the first time with an integrated discovery and negotiation terminal, a liquidity provision of users and a launch of tokens,” said the company in a blog article on Monday.
“Propelled by the world’s world decentralized network of Monad, Kuru will unify liquidity through the ecosystem with our hybrid integrated Clob-gram model which preserves composability and democratizes access to the provisioning of liquidity,” he said.
