- Framework Ventures raised a $400M fourth fund to invest in crypto, AI, robotics, and energy.
- The firm said founder demand, not AI hype, is driving its frontier tech investments.
- Framework joins crypto-focused VCs expanding into AI as startup funding shifts beyond digital assets.
Framework Ventures has raised $400 million for its fourth fund as it expands beyond crypto and increases its focus on artificial intelligence (AI), robotics, and energy. The San Francisco-based firm said the new fund will invest in what it calls “frontier technology”.
New Fund Backs Frontier Technologies
Framework Ventures co-founders Vance Spencer and Michael Anderson said the new fund will invest across crypto, AI, robotics, and energy. The firm did not name its limited partners (LPs). However, it said the fund drew capital from funds of funds, an Ivy League endowment, sovereign wealth funds, and nonprofit organizations.
A previous regulatory filing showed Framework managed about $1.28 billion in assets as of December 2025. Anderson said the firm’s broader strategy is driven by founder demand, not just the AI boom.
“We can see these founders leading us in this direction. We should pay attention,” he said.
Crypto Venture Firms Look Beyond Blockchain
Framework’s move follows a broader trend among crypto-focused venture firms. Crypto markets rallied after Donald Trump’s election victory but have cooled in recent months. Meanwhile, AI startups continue to attract record funding and soaring valuations.
Other major crypto investors are also broadening their focus. Paradigm is reportedly raising up to $1.5 billion for a new fund targeting crypto, AI, and robotics. Haun Ventures has also expanded its mandate to include AI, financial services, and alternative assets alongside blockchain investments.
From DeFi to Frontier Tech
Founded in 2019, Framework Ventures built its reputation by backing decentralized finance (DeFi) projects early. The firm invested in crypto lender Aave and blockchain oracle network Chainlink before both became leading DeFi platforms.
Framework raised $100 million for its second fund in 2021. It followed that with a $400 million crypto-focused third fund in 2022.
The firm is now highlighting investments outside crypto. These include robotics startup Mecka AI and a stake in public mortgage company Better.com.
According to Anderson, Framework has already deployed about half of the capital from its fourth fund. He added that the firm’s interest in AI has been building for years. Framework regularly hosts AI research paper reading sessions at its San Francisco office.
Anderson said the company’s initial focus on crypto had not prevented it from expanding its attention to AI.
Related: Will the AI Bubble Burst and Drag Down the S&P 500?
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