The crypto-native venture firm is looking well beyond DeFi and gaming with its latest vehicle, eyeing the intersection of traditional finance and blockchain.
Framework Ventures has closed a $400 million fourth fund that broadens its investment mandate from crypto to a wider range of frontier technologies, including AI, robotics, and energy.
The firm says the expansion is a response to the changing focus of founders within its network and does not represent a departure from its long-standing commitment to blockchain.
Founded in 2019 by Vance Spencer and Michael Anderson, Framework Ventures is a crypto-focused venture capital firm.
It backs early-stage startups spanning blockchain, digital assets, DeFi, gaming, AI, and infrastructure, including Aave and Chainlink.
The San Francisco-headquartered firm has since expanded its portfolio to include companies such as robotics startup Mecka AI and Better.com, with roughly half of the new fund already deployed.
The strategy mirrors a wider industry trend, as firms like Paradigm and Haun Ventures introduce AI into their portfolios.
