Framework Ventures closes $400M Fund IV, expanding investment scope to AI and robotics

According to Fortune, San Francisco-based crypto venture capital firm Framework Ventures has announced the closure of its fourth fund, raising $400 million. Investors include fund-of-funds, Ivy League endowments, sovereign wealth funds, and nonprofit organizations. The fund will focus on “frontier technologies,” expanding its investment scope from cryptocurrency into AI, robotics, and energy. Approximately half of the fund’s capital has already been deployed. Founded in 2019, Framework Ventures was an early investor in DeFi protocols Aave and Chainlink; as of December 2025, it manages $1.28 billion in assets under management (AUM). This expansion aligns with similar moves by peers such as Paradigm and Haun Ventures, reflecting an industry-wide trend among top crypto VCs accelerating their shift into AI amid a broader crypto market downturn.