Framework Ventures is a venture capital firm based in San Francisco, California. It is a technology company that builds products & services to support the blockchain networks that they invest in.^[1]​^[2]​

The framework is known for building with founders, being one of the first VC firms to go "all in on DeFi" when the total TVL was $1B. Today, the firm seeks to invest in blockchain technology and cryptocurrency, digital assets, and WEB 3 at large.^[12]​

Overview

In 2019, Framework Ventures was founded in Q1.^[3] The firm was created by Michael Anderson, who grew up in the Bay Area, and has spent his career working for major technology companies such as Dropbox and Snapchat, along with his Co-Founder Vance Spencer, who's worked for Netflix. ^[4]​

On August 27, 2020, Framework Labs received an $8 million seed investment round led by investment firm Station 13, designed to help grow the new Framework Labs team of researchers, traders, and engineers for the DeFi market. Framework Labs is heavily involved in staking for Synthetix and providing liquidity for Uniswap. With the funding, Framework hired the former CTO and co-founder of decentralized exchange IDEX Raymond Pulver, and former Wavemaker Partners principal Roy Learner. ^[5]​

In March 2020, Framework Ventures invested 500,000 into Common Labs, the developer of proof-of-stake blockchain Edgeware.^[6]​

In July 2020, Teller, a blockchain project for decentralized lending incubated by Andreessen Horowitz's crypto startup school, announced a 3 million from Framework Ventures and Three Arrows Capital. ^[8]​

In August 2020, Framework Ventures led a 1.5M seed round led by Framework Ventures and Libertus Capital. ^[10]​

Portfolio

• Aave
• ChainLink
• dHedge
• Dodo
• Edgeware
• Fractal
• Futureswap
• Kava
• Pods
• Primitive
• Synthetix
• Teller
• The Graph
• yEarn
• Zapper

Funding

On the 19th of April 2022, Framework Ventures raised 1.4 billion. Half of the capital is said to go toward blockchain gaming investments with Web 3 and decentralized finance (DeFi) as secondary areas of interest.^[15]​

Framework is considered to be one of the largest venture investment firms in the blockchain industry, having 90% of its managed assets from a small set of institutional stakeholders.^[13]​^[14]​

Team

The framework team includes a team of technologists, researchers, and investors who buy assets of, build for and participate in open crypto networks.

• Vance Spencer - Co-Founder
• Michael Anderson - Co-Founder
• Jay StolkinView - General Counsel at Framework Ventures
• Roy Learner - Principal at Framework Ventures
• Daniel M - Operating Partner
• Brandon Potts - Investor at Framework Ventures
• Adam Badraw - Communications Partner at Framework Ventures
• Matt Aronson - Founding Partner & President at JDS Sports^[11]

Framework Ventures Raises $400 Million Fourth Fund (2026)

In June 2026, Framework Ventures announced the close of its fourth fund, raising $400 million to invest in cryptocurrency as well as emerging sectors including artificial intelligence (AI), robotics, and energy.

According to a filing with the U.S. Securities and Exchange Commission, the venture capital firm managed approximately $1.28 billion in assets under management (AUM) as of December 2025. The firm’s limited partners reportedly include funds of funds, an Ivy League endowment, sovereign wealth funds, and nonprofit organizations. ^[16]

Framework Ventures said the new fund reflects an expansion of its investment thesis beyond blockchain while maintaining crypto as a core focus. Co-founder Michael Anderson explained that the shift was influenced by the founders the firm backs, stating, “We can see these founders leading us in this direction. We should pay attention.”

The firm described the strategy as investing in “frontier technology,” rather than pivoting away from digital assets. ^{[16] [17]}

Founded in 2019, Framework Ventures became known for early investments in decentralized finance (DeFi) protocols such as Aave and Chainlink. The firm has since broadened its portfolio with investments including robotics startup Mecka AI and digital mortgage company Better.com, and Anderson said roughly half of the new fund has already been deployed.

Discussing the firm’s growing interest in AI, Anderson noted that Framework has hosted AI research paper reading sessions for years, adding, “Just because we’re crypto doesn’t mean that we haven’t been paying attention.”

The announcement reflects a broader trend of crypto-focused venture capital firms expanding into AI and other emerging technologies while continuing to support blockchain infrastructure. ^[17]