Framework has successfully raised $400 million for its fourth fund, which will be invested in the "Cutting-Edge Technology" sector.

BlockBeats News, June 26th, according to Fortune report, crypto venture capital firm Framework Ventures announced the completion of its fourth fundraise, amounting to $4 billion. The investors include Ivy League endowments, sovereign wealth funds, and non-profit organizations, with a specific list undisclosed. Framework co-founders Vance Spencer and Michael Anderson stated that the new fund will focus on investments in the "frontier tech" sector, encompassing not only crypto but also AI, robotics, energy, and other areas. Currently, about half of the fourth fund has been deployed.

Founded in 2019, Framework Ventures initially focused on investments in the DeFi sector, participating in early rounds of top protocols such as Aave and Chainlink. Previously, they completed second and third fund raises of $100 million and $400 million in 2021 and 2022, respectively.