Framework Ventures Raises $400 Million for Fourth Fund to Expand AI, Crypto Investments

Framework Ventures, a Web3 venture capital firm, has raised $400 million for its fourth fund.

The firm recently closed its fourth vehicle, FVIV, at $400 million, The Block reported on June 26. Framework said the fund exceeded its target amid strong demand, with existing limited partners accounting for a significant share of commitments.

The company did not disclose a detailed investor list. It said the fund's backers are primarily institutional investors, including sovereign wealth funds and nonprofit organizations.

The fourth fund will invest in early-stage startups, cryptocurrencies and some publicly traded securities. It will target companies from pre-seed through Series A, with check sizes ranging from $1 million to $50 million.

Framework also plans to use the fund for artificial intelligence investments. The firm has already led a $60 million Series A round for AI startup Mecka AI through the vehicle, according to the report.

The company will maintain its existing crypto portfolio as well. Framework has previously invested in decentralized exchange Hyperliquid and Plasma, a Layer 1 blockchain focused on stablecoins.

Framework co-founder Vance Spencer said the boundaries between emerging technologies are rapidly disappearing. Next-generation companies will use AI for decision-making, blockchain-based payments and capital formation infrastructure, and build real-world businesses through robotics and energy, he added.