Framework Ventures closes $400M Fund IV, expanding mandate to include AI and robotics alongside crypto investing.
VC & Fundraising ·
Framework Ventures closed a $400 million fourth fund, expanding its investment mandate beyond its traditional crypto focus to include AI and robotics. The firm promoted Rajiv Patel-O'Connor to general partner as part of the expansion.
The new fund marks a strategic broadening into what the firm describes as frontier technology sectors adjacent to its core cryptocurrency investing practice. This diversification reflects a shift in the firm's thesis to capture opportunities across multiple emerging technology verticals rather than remain concentrated in digital assets alone.
The specific allocation strategy across the three sectors—crypto, AI, and robotics—has not been disclosed. It remains unclear how the fund will weight its deployment across these three distinct areas, or what this expanded mandate means for the pace and focus of individual deal activity going forward.