Framework Ventures closed its fourth fund with a $400 million raise, according to Fortune. The venture capital firm, known for backing crypto projects since 2019, is broadening its investment strategy toward what it calls “frontier technology“: artificial intelligence, robotics and energy, without abandoning its position in the blockchain ecosystem.
Framework’s co-founders Vance Spencer and Michael Anderson confirmed that approximately half of the capital has already been deployed, though they declined to reveal the identities of the fund’s partners. Anderson clarified that the expansion does not reflect opportunistic trend-chasing, but rather the direction their own founders are already taking. “We should be paying attention,” he said.
Among recent operations, the firm led a $60 million round for robotic data startup Mecka AI in June, and in February agreed to finance up to $500 million through the Sky stablecoin ecosystem alongside mortgage company Better. It also acquired a $45 million stake in that company, equivalent to approximately 10% of its share capital.
Framework’s crypto portfolio includes platforms such as Aave, Chainlink, Hyperliquid, Jito Labs and Plasma. The firm raised $100 million in its second fund in 2021 and $400 million in its third in 2022, both focused primarily on crypto assets.
Disclaimer:Â Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.
