Framework Ventures Closes $400 Million Fourth Fund For Frontier Tech

San Francisco-based Framework Ventures has closed its fourth fund at $400 million, aiming to back “frontier technology” across crypto, AI, robotics and energy, according to a Fortune report. Co founders Vance Spencer and Michael Anderson said about half the capital is already deployed, though they didn’t name the fund’s limited partners.

Anderson said the move isn’t chasing AI hype but following where Framework’s existing founder network is already headed. “We can see these founders leading us in this direction,” he said. “We should pay attention.”

Recent Deals Show The Shift

Framework backed robotics data startup Mecka AI in a $60 million round in June. In February, it partnered with mortgage lender Better to provide up to $500 million through the Sky stablecoin ecosystem, while also taking a $45 million stake in Better, roughly 10% of the company.

A Crypto-Native Track Record

Founded in 2019, Framework’s portfolio includes Aave, Chainlink, Hyperliquid, Jito Labs and Plasma. The firm raised a $100 million second fund in 2021 and a $400 million third fund in 2022, both focused mainly on crypto.