San Francisco-based Framework Ventures announced it has raised $400 million for its fourth fund, marking a strategic expansion beyond crypto into frontier technologies including AI, robotics, and energy, according to fortune.com. The firm disclosed the new capital on June 26, 2026, with contributors including funds of funds, an Ivy League endowment, sovereign wealth funds, and nonprofits.
Framework Ventures cofounders Vance Spencer and Michael Anderson said the firm’s decision to broaden its investment scope follows the evolving interests of its network of founders. Anderson noted, “We can see these founders leading us in this direction. We should pay attention.” The firm held $1.28 billion in assets under management as of December 2025, per its SEC filing.
The move reflects a broader trend among digital asset venture capitalists shifting focus amid a cooling crypto market. Bitcoin has declined to lows not seen since 2024, while AI companies like Anthropic and OpenAI continue to attract soaring valuations. Framework’s pivot aligns with other VCs seeking opportunities in AI and related frontier technologies as potential sources of historic returns.
Framework Ventures’ fourth fund will deploy capital across crypto and emerging sectors such as AI and robotics. The firm’s growing assets under management and diversified investment approach position it to capitalize on evolving technology trends, as detailed in the June 26 fortune.com report.