Framework Ventures Raises $400M Fourth Fund, Expands Beyond Crypto into AI and Robotics

What happened

Crypto-native VC Framework Ventures announced the close of a $400M fourth fund on June 26. It also explicitly broadened its investment scope from blockchain to 'frontier technology' including AI, robotics and energy.

Context and impact

Framework is now the second major crypto VC fund (after Paradigm) to formally diversify into AI. This signals that crypto-native capital is seeking new asset classes after years of harder crypto adoption. For AI startups it means a new kind of investor with high risk tolerance and a network in decentralised infrastructure.

Details

• Fund size: $400M
• Founders: Vance Spencer and Michael Anderson
• Scope: blockchain, AI, robotics, energy — crypto remains core but no longer exclusive
• ~50% of capital already deployed
• Firm was an early backer of Chainlink and Aave in DeFi