Framework Ventures raised $400 million for its fourth fund, with plans to expand beyond crypto into frontier technologies including AI, robotics and energy, Fortune reported. The firm said its conviction in digital assets remains unchanged, naming Hyperliquid, Plasma and Sky as major current positions.
Why it matters
The raise lands against a backdrop of crypto-native capital migrating into AI-adjacent infrastructure, where the convexity of early-stage venture multiples sits alongside the on-chain market structure firms like Framework have spent a decade building. Roughly half of the new fund is already deployed, suggesting the round closed into live allocation rather than dry powder waiting for a thesis to mature.
Market impact
The named core positions are themselves the signal. Hyperliquid anchors the firm's perps and on-chain order-book exposure, Plasma points to stablecoin-payment rails, and Sky reflects the savings-and-yield primitive layer. Layering AI, robotics and energy on top of that base case frames Framework as a diversified digital-asset shop rather than a single-thesis bet. The firm was founded in 2019, was an early investor in Aave and Chainlink, and held about $1.28 billion in AUM as of December 2025.
Source: [Exclusive: Framework Ventures raises $400 million for fourth fund as firm expands beyond crypto — Fortune](https://fortune.com/2026/06/26/framework-ventures-fourth-fund-400-million-frontier-technology-vance-spencer-michael-anderson/)
Frequently asked questions
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How large is Framework Ventures' new fund?
Framework Ventures raised $400 million for its fourth fund, with about half already deployed, according to Fortune.
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Which crypto positions did Framework name as major holdings?
The firm named Hyperliquid, Plasma and Sky as major current positions, alongside earlier investments in Aave and Chainlink.
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Is Framework moving away from crypto?
No. Framework said its conviction in digital assets remains unchanged, even as it expands into AI, robotics and energy.
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How much in assets does Framework manage?
Framework held about $1.28 billion in assets under management as of December 2025, per Fortune.
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Why is the Frontier tech expansion notable?
It shows crypto-native venture capital is layering AI, robotics and energy on top of on-chain positions rather than rotating out of them.
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