Crypto-focused venture capital firm Framework Ventures has closed its fourth fund, raising $400 million. The San Francisco-based investor aims to use this latest fund to target not only crypto assets but also emerging sectors such as artificial intelligence, robotics, and energy.
Framework expands its investment strategy
According to a Fortune report on Friday, the firm plans to deploy capital into what it describes as “frontier technology” fields. Framework’s co-founders, Vance Spencer and Michael Anderson, told the publication that about half of the capital has already been committed, although the identities of the fund’s limited partners remain undisclosed.
Michael Anderson emphasized that the company is not simply following the AI trend; instead, they are observing the product development directions of their existing founder network and shaping their investments accordingly.
This move reflects a broader trend among crypto venture capital firms as they begin to branch out beyond blockchain to back new breakthrough technologies. Despite this expansion, these companies continue to maintain a strong presence in crypto investments.
Mini glossary: Frontier technology refers to areas still in early development that could have far-reaching impact in the future. This includes artificial intelligence, robotics, energy systems, and digital asset infrastructure.
Framework recently participated in a $60 million funding round for robotics data startup Mecka AI in early June. In February, the firm announced a partnership with mortgage lender Better, aiming to facilitate up to $500 million of financing through the Sky stablecoin ecosystem. Fortune also reported that Framework has invested $45 million in Better, acquiring an approximate 10% stake in the company.
A portfolio featuring leading crypto projects
Founded in 2019 with its inaugural crypto fund, Framework Ventures has established itself by focusing on early-stage decentralized finance projects. Decentralized finance, or DeFi, encompasses financial applications that run on blockchain networks without traditional intermediaries.
The company states that it invests across various market cycles and maintains a focus on founders building infrastructure and products for evolving digital asset markets.
Framework’s portfolio includes notable crypto ecosystem projects such as Aave, Chainlink, Hyperliquid, Jito Labs, and Plasma. This diverse list indicates the firm’s strategy of investing across a broad spectrum of digital asset infrastructure rather than limiting itself to a single niche sector.
| Fund | Year | Amount | Focus |
|---|---|---|---|
| Second fund | 2021 | $100 million | Primarily crypto |
| Third fund | 2022 | $400 million | Primarily crypto |
| Fourth fund | Current | $400 million | Crypto, AI, robotics, energy |
Framework previously closed its second fund at $100 million in 2021 and its third at $400 million in 2022, both with a heavy focus on crypto investments. The most recent fund signals a shift toward a more diversified approach encompassing broader technology themes.
Cointelegraph reached out to Framework for further details about the new fund; however, the company had not responded as of publication.
