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Framework Ventures has closed its fourth fund at $400 million, with major crypto positions in Hyperliquid, Plasma and Sky, while simultaneously expanding its mandate into frontier technologies including AI, robotics and energy. About half of the new capital has already been deployed, signaling the firm is moving quickly into both established and emerging positions.
Why it matters
Framework, founded in 2019, built its reputation as an early backer of Aave and Chainlink, two of the most consequential bets in the DeFi cycle. With $1.28 billion in assets under management as of December 2025, the fourth fund represents a meaningful step-up in scale and scope. The expansion into AI, robotics and energy is not a pivot away from crypto conviction but a deliberate broadening of the firm's frontier technology thesis, a pattern now emerging across several crypto-native VC shops.
Market impact
The choice of Hyperliquid, Plasma and Sky as headline positions tells the market where Framework sees structural alpha in the current cycle: high-performance on-chain infrastructure and next-generation DeFi primitives. The AI and robotics overlay adds a cross-sector dimension that could attract a new class of limited partners who want frontier technology exposure without leaving a crypto-fluent manager. Funds of this size deploying at pace tend to move prices in the assets they name publicly, so Hyperliquid in particular will draw attention from traders watching for institutional accumulation signals.
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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What are Framework Ventures' major crypto positions in its fourth fund?
Framework Ventures has named Hyperliquid, Plasma and Sky as its major crypto positions in the new $400 million fund, reflecting a focus on high-performance on-chain infrastructure and next-generation DeFi primitives.
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How much of Framework Ventures' fourth fund has already been deployed?
About half of the $400 million fourth fund has already been deployed as of the announcement, indicating the firm is moving quickly to put capital to work across both crypto and frontier technology positions.
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Why is Framework Ventures expanding beyond crypto into AI and robotics?
Framework is broadening its mandate to include AI, robotics and energy as a complement to its existing crypto conviction, not a replacement, joining a growing trend of crypto-native VCs targeting frontier technology alongside digital assets.
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What is Framework Ventures' track record before this fourth fund?
Founded in 2019, Framework Ventures was an early investor in Aave and Chainlink and had approximately $1.28 billion in assets under management as of December 2025, establishing it as one of the more influential crypto-native VC firms.
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What does Framework Ventures' public naming of Hyperliquid signal to the market?
When a firm managing over $1 billion in assets publicly names a position like Hyperliquid, it tends to attract follow-on institutional attention and can act as a price catalyst, as traders watch for signs of sustained accumulation at scale.
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