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
Project <$11 million
- TYB (Do your best); $11 million in Series A round
- Opentrade; $7 million in unknown rounds
- nuconstruct; $6 million in seed round
- SOON (Solana Optipicistic Network); $5 million in unknown rounds
- Rising Lab; $4 million in strategic rounds
- Orange Cap Game (Vibe); $3.5 million in seed round
- Town Protocol. $3.3 million for public sales
- Silhouette: $3 million in the pre-seed round
- A bit of anon; $144,000 in an unknown round
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