Framework Ventures raises $400M to invest beyond crypto: Report

Framework Ventures raises $400 million fourth fund as it expands into AI, robotics and energy while reportedly planning to continue crypto investments.

Framework Ventures, a venture capital company that backs crypto platforms, has closed its fourth fund while expanding its investment strategy beyond blockchain.

The San Francisco-based investor has raised $400 million to target “frontier technology,” including investments in crypto and technologies such as artificial intelligence, robotics and energy, Fortune reported on Friday.

The report cited Framework co-founders Vance Spencer and Michael Anderson, who said about half of the capital has already been deployed but declined to identify the fund's limited partners.

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