Framework Ventures raises $400M to invest beyond crypto: Report
Framework Ventures closed its fourth fund at $400 million, expanding beyond crypto into “frontier technology” such as AI, robotics, and energy while still backing blockchain projects. Co-founders Vance Spencer and Michael Anderson said about half the fund is already deployed and declined to name limited partners. The firm’s move reflects a wider trend among crypto VCs to broaden into adjacent emerging tech. Anderson said the strategy follows where portfolio founders are already building, not a simple AI pivot. Recent activity includes backing robotics data startup Mecka AI and partnering with Better on stablecoin-based financing. Founded in 2019, Framework has previously raised a $100 million second fund and a $400 million third fund, and its portfolio includes Aave, Chainlink, Hyperliquid, Jito Labs, and Plasma.
