Aylen's $550 million convertible offering, Hypernative's $40 million salary increase

Crypto’s funds surged to nearly $709 million for the week of the 8th-14th June 2025, resulting in a massive $550 million private placement that Iren led the charges.

Venture capital activities are robust across the sector, particularly in infrastructure, with funding rounds ranging from pre-seed to Series B.

Startups like Hypernative, Yupp, Turnkey and OneBalance have elicited substantial investments, reflecting sustained investors’ trust in innovation in crypto infrastructure and application layer, despite wider market volatility.

Using Cryptofundraising data, we showed:

Ayren (former iris energy)

raised $550 million through privately owned placement of convertible senior notebooks
Aylen has raised $863 million so far

$IREN is pleased to announce that an expansion of the $550 million convertible is being offered.
Important details about the transaction:
– Registered in Greenshoe for $450 million to $50 million, plus $50 million, and upsized
– Approximately $534.9 million in net revenue
– 3.50% coupon, 30% conversion premium
– No…pic.twitter.com/kb6ftqpgfm
-iren (@rien_lyd) June 13, 2025

Double Sides

Secured $40 million in the Series B round
Investment was supported by Teneven, Ballistic Ventures and Stepstone
So far, the exaggerated group has raised $65 million

Big News! As reported by @Axios, Hypernative raised a $40 million Series B round and removed the biggest blocker from security, which is the adoption of Web3 Mass.
The team will be co-led with @1011VC and Ballistic Ventures, along with participation from @StepStoneGroup and existing investors @BoldStartVC and IBI Tech Fund.
– June 10, 2025

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Yupp

Yupp raised $33 million in seed rounds
Investors include A16Z Crypto, Coinbase Ventures and Kunal Shah

Turnkey

Raised $30 million in the Series B round
This investment was supported by Bain Capital Crypto, Sequoia and Lightspeedists.
Turnkey has raised $52.5 million so far

Big News: The $30 million Series B, led by @baincapcrypto, has raised power innovations at Crypto! pic.twitter.com/4zwgo7gpj9
– Turnkey🔑 (@turnkeyhq) June 9, 2025

Noah

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

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One Balance

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

Joining us from @mirana and @l2iterating, we are pleased to be able to jointly lead @cyberfund_ and @blockchaincap, providing $20 million in funding and announce a $20 million venture round.
It also launches the simplest and most reliable way to make users on-chain with the toolkit! pic.twitter.com/e8pauawkwn
– ☉nebalance (@onebalance_io) June 11, 2025