Framework Ventures raises $400M fund to broaden scope

San Francisco-based venture capital firm Framework Ventures has closed a $400 million fourth fund, marking a significant expansion of its investment strategy beyond digital assets into frontier technologies including artificial intelligence, robotics, energy, and fintech. The firm announced the fund's closure on Friday, June 26, 2026.

The new fund, designated FVIV, was oversubscribed and received significant support from returning investors, according to the firm. Framework Ventures did not publicly name its limited partners but described them as a predominantly institutional base anchored by an Ivy League endowment, nonprofits, sovereign wealth funds, and funds of funds. The firm's co-founders, Vance Spencer and Michael Anderson, stated that roughly half of the $400 million has already been deployed.

In a statement, Michael Anderson framed the expansion as a natural evolution for the firm, which was founded in 2019 as a frontier fund initially focused on blockchain technology. He stated that blockchain is now integral to capital formation across multiple industries, leading the firm to expand its focus to adjacent verticals. Anderson emphasized that the firm is not simply...