Framework Ventures raises $8 million in seed round to fund DeFi tech studio

Framework Ventures, a DeFi-focused venture capital firm, announced Thursday the completion of an $8 million seed funding round for Framework Labs.

Framework Labs effectively serves as the technology arm for Framework's efforts, focusing on the protocols and networks the company has invested in to date, including Synthetix and Chainlink. Leading Framework Labs are Michael Anderson and Vance Spencer, joined by two new hires, Ray Pulver, previously co-founder and CTO of decentralized exchange IDEX, and Roy Learner, former principal for Wavemaker Partners.

"The seed funding enables Framework Labs to grow its research, trading and engineering teams, craft governance proposals for DeFi blockchain protocols, provide liquidity to non-custodial decentralized exchanges, incubate promising startups, and build consumer-facing applications on top of protocols that Framework Ventures has backed," Framework Ventures said in a press statement.

The funding round was led by Station 13. Station 13 is a sister company of JDS Sports.

This report has been updated with additional information.