Crypto VC funding: IREN’s $550m convertible offering, Hypernative’s $40m raise 5 seconds ago

cryptonews

Yesterday

Crypto funding surged to nearly $709 million during the week of June 8-14, 2025, with a massive $550 million private placement by IREN leading the charge.

Venture capital activity remained robust across the sector, particularly in infrastructure, with funding rounds spanning from pre-seed to Series B.

Startups like Hypernative, Yupp, Turnkey, and OneBalance also drew substantial investments, reflecting sustained investor confidence in crypto infrastructure and application-layer innovation despite broader market volatility.

Here’s what we tracked, using data from Cryptofundraising:

IREN (ex Iris Energy)

Raised $550 million through private placement of convertible senior notes
IREN has raised $863 million so far

$IREN is pleased to announce the closing of its upsized $550m convertible notes offering.Key details of the transaction:– Oversubscribed and upsized from $450m to $500m, plus $50m greenshoe– Net proceeds of approximately $534.9m– 3.50% coupon, 30% conversion premium– No… pic.twitter.com/kb6fTQPGfM
— IREN (@IREN_Ltd) June 13, 2025

Hypernative

Secured $40 million in a Series B round
The investment was backed by TenEleven, Ballistic Ventures, and Stepstone
Hypernative has raised $65 million so far

Big news! As reported by @axios: Hypernative has raised a $40M Series B round to remove the biggest blocker to Web3 mass adoption — security.Co-led by @1011vc and Ballistic Ventures, with participation from @stepstonegroup, and existing investors @Boldstartvc and IBI Tech Fund,… pic.twitter.com/RwNdFOyHxi
— HypernativeLabs (@HypernativeLabs) June 10, 2025

Yupp

Yupp raised $33 million in a Seed round
Investors include a16z crypto, Coinbase Ventures, and Kunal Shah

Turnkey

Gathered $30 million in a Series B round
The investment was backed by Bain Capital Crypto, Sequoia, and Lightspeed Faction
Turnkey has raised $52.5 million so far

Big news: We’ve raised a $30M Series B led by @BainCapCrypto to power innovation in crypto! pic.twitter.com/4zwgO7gPj9
— Turnkey 🔑 (@turnkeyhq) June 9, 2025

Noah

Noah raised $22 million in a Seed round
Investors include LocalGlobe, Felix Capital, and FJ Labs

You might also like: Coinbase warns of forced crypto sales due to rising debt

OneBalance

Secured $20 million in a Series A round
Backed by Cyber Fund, Blockchain Capital, and Mirana Ventures
OneBalance has raised $25 million so far

We're excited to announce our $20m Venture Round co-led by @cyberFund_ and @blockchaincap with participation from @mirana and @l2iterative, bringing our total funding to $25mWe're also launching the simplest and most reliable way to get your users onchain with our Toolkit! pic.twitter.com/e8PauaWkwN
— ☉neBalance (@OneBalance_io) June 11, 2025

Projects < $11 Million

TYB (Try Your Best); $11 million in a Series A round
OpenTrade; $7 million in an Unknown round
NuConstruct; $6 million in a Seed round
Soon (Solana Optimistic Network); $5 million in an unknown round
Rise Labs; $4 million in a Strategic round
Orange Cap Games (Vibes); $3.5 million in a Seed round
Towns Protocol; $3.3 million in a Public sale
Silhouette; $3 million in a Pre-seed round
Hey Anon; $144,000 in an unknown round

Read more: AVAX price down 9.75% on geopolitical tensions, but technicals saw it coming

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Tiger Brokers