Framework Ventures has closed a $400 million fourth fund, dubbed FVIV, on approximately June 26, 2026, with co-founder Michael Anderson directing a significant portion toward AI, robotics, and energy. Roughly half of the $400 million has already been deployed, including a $60 million Series A in Mecka AI, a robotics data startup, and a stake in publicly traded mortgage lender Better.com through tokenized mortgages. Anderson framed the shift as crypto’s natural evolution, noting the firm is following existing deal flow rather than chasing trends. The fund was oversubscribed, with an LP base including sovereign wealth funds, fund-of-funds vehicles, an Ivy League university endowment, and nonprofit organizations. Framework’s second fund was $100 million, focused on early-stage DeFi and blockchain infrastructure.