Images published on social media appeared to show that the source of the blasts included Icom IC-V82 two-way radios, also known as walkie-talkies.
The attacks come a day after pagers carried by Hezbollah members blew up across the country and neighbouring Syria in a likely Israeli attack which killed 12 people including at least two children and left up to 300 people in critical condition.
Mojtaba Amani, Tehran's ambassador to Beirut, was among the casualties of the first blasts on Tuesday. A pager he was carrying detonated, resulting in the loss of his left eye and severe damage to his right, according to sources from the Islamic Revolutionary Guard Corps cited in the New York Times.
"I am honored that my blood has mixed with the blood of the injured Lebanese," Amani was quoted as saying by Iranian state media.
Video footage circulating on social media appeared to show a new explosion hitting a funeral staffed by personnel in Hezbollah parade uniforms for a person killed the previous day.
Hezbollah, which is armed and backed by Iran, blamed Israel for the attacks and vowed retaliation.
“These attacks will certainly be uniquely punished; there will be a bloodily unique revenge," Hezbollah deputy secretary general Hashim Safi Al Din said on Wednesday, asking that the group's chief Hassan Nasrallah would address the attacks in a speech on Thursday.