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Framework Ventures completes $400 million fourth fundraise, will invest in cutting-edge technologies such as crypto, AI.

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ME News, June 26 (UTC+8), crypto venture capital firm Framework Ventures announced the completion of its fourth fund raise, with a size of $400 million. Investors include Ivy League endowments, sovereign wealth funds, and non-profit organizations, but the specific list was not disclosed. Framework co-founders Vance Spencer and Michael Anderson stated that the new fund will invest in "frontier technology" areas, not only crypto but also AI, robotics, and energy. Currently, about half of the fourth fund has been deployed. Framework Ventures was founded in 2019, initially focusing on DeFi investments, and participated in early rounds of leading protocols such as Aave and Chainlink. Previously, it completed its second and third fund raises of $100 million and $400 million in 2021 and 2022 respectively. (Source: ChainCatcher)
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