Framework Ventures raises $400 million for fourth fund to invest across crypto, AI and robotics

Framework Ventures has raised a $400 million fourth fund to continue investing in stablecoins, tokenization, and digital assets, while also expanding into AI, robotics, energy, and fintech.

The fund, FVIV, was oversubscribed, with significant support from returning investors, the firm said in a statement shared with The Block on Friday. Framework did not disclose its LPs, describing them as a "predominantly institutional base anchored by an Ivy League endowment, nonprofits, sovereign wealth funds, and funds of funds." Fortune first reported the news.

Framework said the fund will deploy capital across private and liquid opportunities, including early-stage companies, liquid digital assets, and select publicly traded securities. FVIV targets companies from pre-seed through Series A, with investments ranging from $1 million up to $50 million, according to the firm.

"We founded Framework Ventures seven years ago as a frontier fund. Back then, that meant focusing on blockchain, because it was the single most contrarian bet in technology," Framework Ventures co-founder Michael Anderson said in the statement. "Today, blockchain is integral to capital formation and infrastructure across multiple industries, and as a result, we've expanded our focus and expertise to additional verticals, such as AI, robotics, energy, fintech, and more."

Framework said it has already begun deploying FVIV into those sectors, leading Mecka AI's $60 million Series A round and investing in distributed energy network Daylight.

The firm said this complements its existing digital asset portfolio, which includes positions in derivatives platform Hyperliquid, yield-bearing stablecoin issuer Sky, and stablecoin-focused blockchain Plasma.

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"The boundaries between frontier technologies are dissolving rapidly," Framework Ventures co-founder Vance Spencer said. "The next generation of category-defining companies will not fit neatly into one vertical. Many will use AI for decision-making, blockchain rails for settlement or capital formation, and robotics and energy to build in the physical world. FVIV is built to lead in frontier technology, regardless of vertical, for the next decade."

Framework hires and promotions

Framework also announced a series of promotions and senior hires on Friday. 

Rajiv Patel-O'Connor, a longtime partner and early member of the firm's investment committee, was promoted to general partner.

Framework also promoted Fred Neary to general counsel and hired Ryan Barney from Pantera Capital and Nick Trileski from DRW as partners. The firm said the appointments support its expansion across frontier technologies.

Founded in 2019, Framework Ventures made its name backing DeFi projects including Aave and Chainlink. It previously raised funds of about $15 million in 2019, $100 million in 2021, and $400 million in 2022.