MV Capital - Framework Ventures Raises $400M Fund for Crypto, AI, and Robotics

Framework Ventures has closed its fourth fund at $400 million, directing capital toward frontier technologies that span crypto infrastructure, artificial intelligence, robotics, and energy sectors

Fund Details and Deployment Status

Framework Ventures, the San Francisco-based firm, secured $400 million for its latest vehicle. Co-founders Vance Spencer and Michael Anderson noted that roughly half of the committed capital has already gone into investments.

The fund targets areas the firm calls frontier technology. This includes continued support for digital asset projects alongside new positions in artificial intelligence, robotics systems, and energy-related innovations.

Key Fund Aspects$400 million total raise for the fourth fund
Approximately 50% of capital deployed
Investors include sovereign wealth funds, endowments, funds of funds, and nonprofits
Builds on prior funds sized at $100 million in 2021 and $400 million in 2022

Investment Strategy and Founder Focus

Michael Anderson explained the approach stems from observing directions taken by founders in the firm's network. He stated the firm follows where product development leads rather than pursuing trends in isolation.

"We can see these founders leading us in this direction. We should pay attention." Michael Anderson, Co-founder, Framework Ventures

This stance positions the fund as an extension of the firm's existing work with builders who operate across multiple technology domains. The strategy maintains crypto as a central element while adding exposure to adjacent fields where technical overlap occurs.

Recent Portfolio Activity

Framework Ventures has already shown the direction through specific deals. In early June, the firm joined a $60 million funding round for Mecka AI, a startup focused on robotics data.

In February, Framework partnered with mortgage lender Better to enable up to $500 million in financing via the Sky stablecoin system. The firm also acquired a roughly 10% stake in Better through a $45 million investment.

These moves connect digital asset tools with real-world applications in areas such as housing finance and automation technology.

Established Crypto Holdings

The firm continues to back core crypto infrastructure. Its portfolio features projects including Aave, Chainlink, Hyperliquid, Jito Labs, and Plasma. Framework started in 2019 with an emphasis on early decentralized finance initiatives and has supported infrastructure across market cycles.

Fund	Year	Size	Primary Focus
Second Fund	2021	$100 million	Crypto
Third Fund	2022	$400 million	Crypto
Fourth Fund	2026	$400 million	Crypto, AI, Robotics, Energy

Context Within Venture Capital Trends

Framework Ventures joins other firms in the digital asset space that have widened their mandates. This occurs as capital allocation in technology shifts and new areas draw increased interest from builders and investors alike.

The firm reports assets under management of about $1.28 billion as of late 2025, according to prior regulatory filings. Its latest fund continues a pattern of supporting foundational technologies that connect different parts of the digital economy.