Framework Ventures has successfully closed its fourth flagship fund, FVIV, securing $400 million in capital. The firm announced on Friday that the fund was oversubscribed, with significant backing from a predominantly institutional investor base. This base includes an Ivy League endowment, nonprofits, sovereign wealth funds, and funds of funds, though the specific limited partners were not disclosed.
While Framework is known for early investments in decentralized finance (DeFi) projects like Aave and Chainlink, the new fund reflects a broadened strategy. It will continue to deploy capital into stablecoins, tokenization, and digital assets, but also expands into what the firm calls "frontier technologies." These new verticals include artificial intelligence, robotics, energy, and fintech. The firm stated that the boundaries between these technologies are dissolving, and the next generation of leading companies will likely combine AI, blockchain, and physical-world infrastructure.
The fund will invest across private and liquid opportunities, targeting companies from pre-seed through Series A with check sizes ranging from $1 million to $50 million. Framework's co-founders confirmed that roughly half of the $400 million has already been deployed. Recent operations include leading a $60 million Series A round for robotic data startup Mecka AI and investing in the distributed energy network Daylight. In February, the firm also agreed to finance up to $500 million through the Sky stablecoin ecosystem and acquired a ~10% stake in mortgage company Better for $45 million. The firm's existing digital asset portfolio includes positions in derivatives platform Hyperliquid, yield-bearing stablecoin issuer Sky, and the stablecoin-focused blockchain Plasma.
In conjunction with the fund's close, Framework announced several personnel moves to support its expansion. Longtime partner Rajiv Patel-O'Connor was promoted to General Partner, Fred Neary was promoted to General Counsel, and the firm hired Ryan Barney from Pantera Capital and Nick Trileski from DRW as new partners.
