Key Takeaways:
- Framework Ventures closed a $400 million fourth fund on June 26
- The firm is expanding beyond crypto into AI, robotics and energy
- About half of the capital has already been deployed across multiple deals
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Framework Ventures raises $400M fourth fund as it expands beyond crypto
Framework Ventures, the San Francisco-based venture capital firm known for backing early DeFi projects, raised $400 million for its fourth fund as it broadens its investment mandate beyond crypto into artificial intelligence, robotics and energy.
"We can see these founders leading us in this direction," Michael Anderson, co-founder at Framework Ventures, said. "We should pay attention."
About half of the capital has already been deployed, co-founders Vance Spencer and Michael Anderson told Fortune. The firm backed Mecka AI, a robotics data startup, in a $60 million round in early June. In February, Framework partnered with mortgage lender Better to provide up to $500 million in financing through the Sky stablecoin ecosystem, and separately took a $45 million stake in Better representing roughly 10% of its stock.
The raise signals that major crypto-native VCs are not retreating from digital assets but are expanding into adjacent frontier technologies. Framework, founded in 2019, previously raised a $100 million second fund in 2021 and a $400 million third fund in 2022, both focused primarily on crypto. Its portfolio includes Aave, Chainlink, Hyperliquid, Jito Labs and Plasma. The firm said it has invested across multiple market cycles, backing founders building infrastructure and products in emerging digital asset markets.
This article is for informational purposes only and does not constitute investment advice.
