Exclusive: Framework Ventures raises $400 million for fourth fund as firm expands beyond crypto

Framework Ventures raised $400 million for its fourth fund, expanding its investment focus beyond crypto to include AI, robotics, and energy. The firm, co-founded by Vance Spencer and Michael Anderson, reported $1.28 billion in assets under management as of December 2025 and plans to deploy capital across 'frontier technology' sectors. Competitors like Paradigm and Haun Ventures are also broadening their mandates to include AI and other non-crypto areas.