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Framework Ventures Expands Beyond Crypto With $400M Fund IV
Framework Ventures raised $400M for Fund IV, widening its focus from crypto into AI, robotics, energy, and fintech. The firm led a $60M round for Mecka AI, which projects nearly $100M in revenue.
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Framework Ventures raised $400 million for its fourth investment fund, Fund IV, and widened its focus beyond blockchain into artificial intelligence, robotics, energy, and fintech. The move marks a shift for one of crypto's early venture backers. The firm said the boundaries between frontier technologies are dissolving.
The fund matches the size of Framework's previous $400 million Fund III from 2022, and the firm managed roughly $1.28 billion in assets by the end of 2025, according to SEC filings. Co-founders Vance Spencer and Michael Anderson will manage Fund IV.
Framework said its conviction in crypto remains strong. The firm holds positions in Hyperliquid, Plasma, and Sky, following earlier bets on Chainlink, Synthetix, and Axie Infinity. “Seven years ago, frontier meant blockchain,” Framework said in a statement. “Today, blockchain is becoming widely adopted, and the boundaries between frontier technologies are dissolving rapidly.”