Framework Ventures launches $400M fund targeting AI, robotics and crypto assets

San Francisco‑based venture firm Framework Ventures has closed its fourth fund, FVIV, raising $400 million. Roughly half of the capital has already been deployed, including a $60 million Series A in robotics data startup Mecka AI and a stake in public mortgage lender Better.com to explore tokenized mortgages. The fund’s limited‑partner base spans sovereign‑wealth funds, university endowments and nonprofit organisations.

While the firm continues to hold major crypto positions in Hyperliquid, Plasma and Sky, the new mandate broadens its scope to frontier technologies such as artificial intelligence, robotics, energy and fintech. Framework’s co‑founder Michael Anderson frames the shift as a natural evolution for crypto‑native investors seeking to finance adjacent tech sectors, rather than a departure from digital‑asset investing.