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Crypto funding reached impressive levels during the week of June 8-14, 2025, with a total of nearly $709 million raised. Leading the charge was IREN’s substantial $550 million private placement. Venture capital activity remained strong, with a particular focus on infrastructure and application-layer innovation. Funding rounds ranged from pre-seed to Series B, showcasing continued investor confidence in the crypto sector despite ongoing market volatility.

Key Crypto Funding Highlights

IREN (formerly Iris Energy)

IREN raised a staggering $550 million through a private placement of convertible senior notes, bringing its total funding to $863 million. The notes were oversubscribed and upsized from an initial $450 million to $500 million, with an additional $50 million greenshoe option. Key transaction details include:

  • Net proceeds: $534.9 million
  • 3.50% coupon rate
  • 30% conversion premium

Hypernative

Hypernative secured $40 million in a Series B funding round. The investment was co-led by TenEleven Ventures and Ballistic Ventures, with participation from Stepstone and existing backers. This brings Hypernative’s total funding to $65 million. The company aims to address Web3 security challenges, which are seen as a significant barrier to mass adoption.

Yupp

The startup Yupp raised $33 million in a seed funding round. Notable investors include a16z crypto, Coinbase Ventures, and Kunal Shah. This funding highlights growing interest in early-stage crypto projects.

Turnkey

Turnkey successfully raised $30 million in a Series B round, led by Bain Capital Crypto. Other investors include Sequoia and Lightspeed Faction. With this round, Turnkey’s total funding now stands at $52.5 million. The company aims to drive innovation within the crypto space.

Noah

Noah secured $22 million in a seed funding round. The investment was led by LocalGlobe, Felix Capital, and FJ Labs, reflecting a focus on early-stage support for promising crypto ventures.

OneBalance

OneBalance closed a $20 million Series A funding round. The investment was co-led by Cyber Fund and Blockchain Capital, with participation from Mirana Ventures. This latest round brings OneBalance’s total funding to $25 million. The company is launching tools to simplify on-chain user onboarding.

Additional Funding Rounds Under $11 Million

Several other projects also secured funding, showcasing the diversity of innovation in the crypto space:

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

The strong funding activity across various stages reflects the growing confidence in the crypto ecosystem, particularly in infrastructure and application development. As the market continues to evolve, investors are focusing on projects that address key challenges such as security, scalability, and user adoption.

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