Framework Ventures, the crypto-focused venture capital firm founded in 2019, raised $400 million for its fourth fund, known as FVIV. Cofounders Michael Anderson and Vance Spencer said the fund was oversubscribed and has already deployed roughly half of its capital. The new capital will back what they called "frontier technology," spanning crypto alongside artificial intelligence, robotics and energy, in response to where founders in their network are heading. The firm's limited partners include funds of funds, an Ivy League endowment, sovereign wealth funds and nonprofits, pointing to growing institutional comfort with crypto-native managers. The raise comes during a softer stretch for crypto fundraising as token markets have cooled and venture activity has slowed across the sector.
Framework Ventures Closes $400 Million Fourth Fund
The fourth fund, FVIV, matches the size of Framework's third fund, which raised $400 million in 2022. The firm raised $100 million for its second fund in 2021. Spencer and Anderson declined to name their limited partners but said backers include funds of funds, an Ivy League endowment, sovereign wealth funds and nonprofits.
![Tweet discussing Framework Ventures' latest $400 million capital raise.]()
The fund holds its capital base steady even as the investment strategy broadens well beyond tokens. The cofounders described the expansion as a response to where founders in their network are heading, rather than a retreat from blockchain.
Framework Ventures Expands Investment Mandate Into AI and Robotics
Framework led a $60 million Series A round for robotics data startup Mecka AI in June. The firm also backed Daylight, a distributed energy network, signaling that the AI-and-energy thesis is operational rather than aspirational.
Spencer and Anderson said the expansion does not represent a departure from the blockchain and digital asset realm. The fund will keep investing in stablecoins, tokenization and other onchain projects alongside its newer frontier-tech bets.
Framework Ventures Maintains Crypto Portfolio Anchored by DeFi and Stablecoins
Framework's existing crypto positions include lending protocol Aave, oracle network Chainlink, perpetuals platform Hyperliquid, Jito Labs and stablecoin project Plasma. The portfolio spans decentralized finance, infrastructure and onchain trading offerings.
In February, the firm agreed to finance up to $500 million through the Sky stablecoin ecosystem alongside mortgage company Better. The deal shows how far Framework's crypto bets now reach into traditional lending.
FAQ
What did Framework Ventures announce about its fourth fund?
Framework Ventures raised $400 million for its fourth fund, FVIV. Cofounders Michael Anderson and Vance Spencer said the fund was oversubscribed and has already deployed roughly half of its capital.
What sectors is Framework Ventures investing in beyond crypto?
Framework Ventures is expanding into artificial intelligence, robotics and energy. The firm led a $60 million Series A round for robotics data startup Mecka AI in June and backed Daylight, a distributed energy network.
What are Framework Ventures' major crypto portfolio holdings?
Framework Ventures' existing crypto positions include lending protocol Aave, oracle network Chainlink, perpetuals platform Hyperliquid, Jito Labs and stablecoin project Plasma. In February, the firm agreed to finance up to $500 million through the Sky stablecoin ecosystem alongside mortgage company Better.
