JD Vance · Aave · Cointelegraph
Framework Ventures raises $400 million to invest beyond crypto: Report
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◎ Multiple-sources
Framework Ventures raises $400 million fourth fund as it expands into AI, robotics and energy while reportedly planning to continue crypto investments.
Key facts
- Framework raised a $100 million second fund in 2021 and a $400 million third fund in 2022, both focused primarily on crypto investments
- Separately, Framework took a $45 million stake in Better, representing roughly 10% of its stock, according to Fortune
- Framework Ventures raises $400 million fourth fund as it expands into AI, robotics and energy while reportedly planning to continue crypto investments
- The company backed the robotics data startup Mecka AI in a $60 million round in early June
Summary
Framework Ventures, a venture capital company that backs crypto platforms, has closed its fourth fund while expanding its investment strategy beyond blockchain. The San Francisco-based investor has raised $400 million to target “frontier technology,” including investments in crypto and technologies such as artificial intelligence, robotics and energy, Fortune reported on Friday. The report cited Framework co-founders Vance Spencer and Michael Anderson, who said about half of the capital has already been deployed but declined to identify the fund's limited partners. The raise reflects a broader push by crypto venture firms to expand beyond blockchain into other emerging technologies while continuing to invest in crypto.