{"id":2926,"date":"2025-06-14T21:09:03","date_gmt":"2025-06-14T21:09:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/crypto-vc-funding-irens-550m-convertible-offering-hypernatives-40m-raise\/"},"modified":"2025-06-14T21:09:05","modified_gmt":"2025-06-14T21:09:05","slug":"crypto-vc-funding-irens-550m-convertible-offering-hypernatives-40m-raise","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/crypto-vc-funding-irens-550m-convertible-offering-hypernatives-40m-raise\/","title":{"rendered":"Crypto VC funding: IREN\u2019s $550m convertible offering, Hypernative\u2019s $40m raise"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">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. <\/p>\n<p class=\"is-style-default\">Venture capital activity remained robust across the sector, particularly in infrastructure, with funding rounds spanning from pre-seed to Series B. <\/p>\n<p class=\"is-style-default\">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. <\/p>\n<p class=\"is-style-default\">Here\u2019s what we tracked, using data from <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/crypto-fundraising.info\/deal-flow\/?start_date=2025-06-08&amp;end_date=2025-06-14&amp;sortby=raised&amp;sort=desc&amp;filter=opened\" target=\"_blank\">Cryptofundraising<\/a>:<\/p>\n<h3 class=\"wp-block-heading\">IREN (ex Iris Energy)<\/h3>\n<ul class=\"wp-block-list\">\n<li>Raised $550 million through private placement of convertible senior notes<\/li>\n<li>IREN has raised $863 million so far<\/li>\n<\/ul>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24IREN&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$IREN<\/a> is pleased to announce the closing of its upsized $550m convertible notes offering.<\/p>\n<p>Key details of the transaction:<\/p>\n<p>\u2013 Oversubscribed and upsized from $450m to $500m, plus $50m greenshoe<\/p>\n<p>\u2013 Net proceeds of approximately $534.9m<\/p>\n<p>\u2013 3.50% coupon, 30% conversion premium<\/p>\n<p>\u2013 No\u2026 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/kb6fTQPGfM\" target=\"_blank\">pic.twitter.com\/kb6fTQPGfM<\/a><\/p>\n<p>\u2014 IREN (@IREN_Ltd) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/IREN_Ltd\/status\/1933624908862439872?ref_src=twsrc%5Etfw\" target=\"_blank\">June 13, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h3 class=\"wp-block-heading\">Hypernative<\/h3>\n<ul class=\"wp-block-list\">\n<li>Secured $40 million in a Series B round<\/li>\n<li>The investment was backed by TenEleven, Ballistic Ventures, and Stepstone<\/li>\n<li>Hypernative has raised $65 million so far<\/li>\n<\/ul>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Big news! As reported by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/axios?ref_src=twsrc%5Etfw\" target=\"_blank\">@axios<\/a>: Hypernative has raised a $40M Series B round to remove the biggest blocker to Web3 mass adoption \u2014 security.<\/p>\n<p>Co-led by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/1011vc?ref_src=twsrc%5Etfw\" target=\"_blank\">@1011vc<\/a> and Ballistic Ventures, with participation from <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/stepstonegroup?ref_src=twsrc%5Etfw\" target=\"_blank\">@stepstonegroup<\/a>, and existing investors <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Boldstartvc?ref_src=twsrc%5Etfw\" target=\"_blank\">@Boldstartvc<\/a> and IBI Tech Fund,\u2026 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/RwNdFOyHxi\" target=\"_blank\">pic.twitter.com\/RwNdFOyHxi<\/a><\/p>\n<p>\u2014 HypernativeLabs (@HypernativeLabs) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/HypernativeLabs\/status\/1932409721161404718?ref_src=twsrc%5Etfw\" target=\"_blank\">June 10, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">Yupp<\/h3>\n<ul class=\"wp-block-list\">\n<li>Yupp <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/a16zcrypto.com\/posts\/article\/investing-in-yupp\/\" target=\"_blank\">raised<\/a> $33 million in a Seed round<\/li>\n<li>Investors include a16z crypto, Coinbase Ventures, and Kunal Shah<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Turnkey<\/h3>\n<ul class=\"wp-block-list\">\n<li>Gathered $30 million in a Series B round<\/li>\n<li>The investment was backed by Bain Capital Crypto, Sequoia, and Lightspeed Faction<\/li>\n<li>Turnkey has raised $52.5 million so far<\/li>\n<\/ul>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Big news: We\u2019ve raised a $30M Series B led by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/BainCapCrypto?ref_src=twsrc%5Etfw\" target=\"_blank\">@BainCapCrypto<\/a> to power innovation in crypto! <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/4zwgO7gPj9\" target=\"_blank\">pic.twitter.com\/4zwgO7gPj9<\/a><\/p>\n<p>\u2014 Turnkey \ud83d\udd11 (@turnkeyhq) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/turnkeyhq\/status\/1932030967188996348?ref_src=twsrc%5Etfw\" target=\"_blank\">June 9, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h3 class=\"wp-block-heading\">Noah<\/h3>\n<ul class=\"wp-block-list\">\n<li>Noah <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/Noah_HQ\/status\/1932400851651362866\" target=\"_blank\">raised<\/a> $22 million in a Seed round<\/li>\n<li>Investors include LocalGlobe, Felix Capital, and FJ Labs<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">OneBalance<\/h3>\n<ul class=\"wp-block-list\">\n<li>Secured $20 million in a Series A round<\/li>\n<li>Backed by Cyber Fund, Blockchain Capital, and Mirana Ventures<\/li>\n<li>OneBalance has raised $25 million so far<\/li>\n<\/ul>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;re excited to announce our $20m Venture Round co-led by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/cyberFund_?ref_src=twsrc%5Etfw\" target=\"_blank\">@cyberFund_<\/a> and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/blockchaincap?ref_src=twsrc%5Etfw\" target=\"_blank\">@blockchaincap<\/a> with participation from <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/mirana?ref_src=twsrc%5Etfw\" target=\"_blank\">@mirana<\/a> and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/l2iterative?ref_src=twsrc%5Etfw\" target=\"_blank\">@l2iterative<\/a>, bringing our total funding to $25m<\/p>\n<p>We&#8217;re also launching the simplest and most reliable way to get your users onchain with our Toolkit! <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/e8PauaWkwN\" target=\"_blank\">pic.twitter.com\/e8PauaWkwN<\/a><\/p>\n<p>\u2014 \u2609neBalance (@OneBalance_io) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/OneBalance_io\/status\/1932830203237314895?ref_src=twsrc%5Etfw\" target=\"_blank\">June 11, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h3 class=\"wp-block-heading\">Projects &lt; $11 Million<\/h3>\n<ul class=\"wp-block-list\">\n<li>TYB (Try Your Best); <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/TYBXYZ\/status\/1932798181055529025\" target=\"_blank\">$11 million<\/a> in a Series A round<\/li>\n<li>OpenTrade; <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/opentrade_io\/status\/1932668835796070811\" target=\"_blank\">$7 million<\/a> in an Unknown round<\/li>\n<li>NuConstruct; <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/0x9212ce55\/status\/1932500064091681117\" target=\"_blank\">$6 million<\/a> in a Seed round<\/li>\n<li>Soon (Solana Optimistic Network); <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/soon_svm\/status\/1932787741722657161\" target=\"_blank\">$5 million<\/a> in an unknown round<\/li>\n<li>Rise Labs; <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/rise_chain\/status\/1932067365245903078\" target=\"_blank\">$4 million<\/a> in a Strategic round<\/li>\n<li>Orange Cap Games (Vibes); <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/Ocapgames\/status\/1932120690699710699\" target=\"_blank\">$3.5 million<\/a> in a Seed round<\/li>\n<li>Towns Protocol; <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/TownsProtocol\/status\/1932105456077685117\" target=\"_blank\">$3.3 million<\/a> in a Public sale<\/li>\n<li>Silhouette; <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/mirror.xyz\/0x5D2c2bD98F10616771D7B5124AD2090Ba72Aa43c\/SHiHv-Zejk60tx_YynRf_w46NSbxmlnY8QhhmH1UNQk\" target=\"_blank\">$3 million<\/a> in a Pre-seed round<\/li>\n<li>Hey Anon; <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/SonicLabs\/status\/1933167479754567974\" target=\"_blank\">$144,000<\/a> in an unknown round<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=2926"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2926\/revisions"}],"predecessor-version":[{"id":2928,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2926\/revisions\/2928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2927"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}