Framework Ventures raised $400 million for its fourth fund, FVIV, and said the vehicle will invest across crypto and other frontier technologies.
The fund was oversubscribed and is backed by a predominantly institutional base anchored by an Ivy League endowment, nonprofits, sovereign wealth funds, and funds of funds.
And it will deploy into early-stage companies, liquid digital assets and select public securities with checks ranging from $1 million to $50 million, the firm said in a statement shared with The Block.
"The boundaries between frontier technologies are dissolving rapidly," Framework Ventures co-founder Vance Spencer said.
The Canadian VC said it has already used FVIV to lead Mecka AI's $60 million Series A and to back distributed energy network Daylight, and that its digital-asset holdings include positions in derivatives platform Hyperliquid, yield-bearing stablecoin issuer Sky, and stablecoin-focused blockchain Plasma.
Framework promoted longtime partner Rajiv Patel-O'Connor to general partner, elevated Fred Neary to general counsel, and hired Ryan Barney from Pantera Capital and Nick Trileski from DRW as partners to support its broader remit.
Founded in 2019, Framework previously raised about $15 million in 2019, $100 million in 2021, and $400 million in 2022.
