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 You might also like: Charles Hoskinson floats $100m ADA treasury reboot to stabilize Cardano ecosystem 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