Framework completed the fourth phase of the fund raising of US$400 million to invest in cutting-edge technology

Comparatively, according to the “Fortune” report, the crypto venture capital firm Framework Ventures announced the completion of the fourth phase of the fund raising, with a scale of 400 million US dollars. The funders include Ivy League endowments, sovereign wealth funds, and non-profit organizations. The exact list was not disclosed. Framework co-founders Vance Spencer and Michael Anderson said that the new fund will invest in cutting-edge technology fields, including not only cryptography, but also AI, robotics, and energy. Currently, about half of the funds have been deployed in the fourth phase of the fund.

Framework Ventures was founded in 2019 and initially focused on investment in the DeFi sector. It participated in early rounds of leading agreements such as Aave and Chainlink, and previously completed the second and third phase of fund raising of $100 million and $400 million in 2021 and 2022, respectively.