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Framework Ventures
Framework Ventures — San Francisco VC firm, early backer of Chainlink and Aave, raised $400M for third fund.
Framework Ventures
Framework Ventures is a leading crypto-native VC firm with a track record of partnering with winning founders.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Principals
Vance Spencer
Co-Founder
Michael Anderson
Co-Founder
Rajiv Patel-O'Connor
Partner
Adam Badrawi
Partner & Head of Investor Relations & Global Communications
Parker Edwards
Partner
Ryan Barney
Partner
Monique Horton
Chief Compliance Officer
John DiCerbo
Chief Financial Officer
Fred Neary
General Counsel
Sector focus
Frequently asked questions
Who leads investment decisions at Framework Ventures?
Co-founders Vance Spencer and Michael Anderson set the investment strategy, with Partners including Rajiv Patel-O'Connor, Parker Edwards, and Ryan Barney executing deals. The firm emphasizes a high-conviction model where senior partners lead early-stage rounds.
What was Framework Ventures' early crypto thesis?
Framework was arguably the first venture firm to commit fully to Decentralized Finance, making early-stage investments in protocols like Chainlink, Aave, Synthetix, and The Graph before DeFi became a recognized category. This thesis anchored the firm's subsequent expansions into AI, blockchain infrastructure, and Web3 gaming.
Does Framework Ventures invest in tokens or only equity?
Framework Ventures is structured to invest in both equity and tokens, consistent with its crypto-native positioning. The firm's portfolio includes protocol-level investments alongside traditional venture equity in Web3 startups.
What is Framework Ventures' fund structure and size?
The firm raised $400 million for its third fund as disclosed on its website. It operates traditional closed-end venture funds raised from limited partners, deploying into early-stage rounds with check sizes between $5 million and $40 million.
How does Framework Ventures source deals?
The firm's deal flow is anchored in its deep ties to the DeFi developer community and its early network effects from backing foundational protocols. Partners like Ryan Barney, hired from Pantera Capital in 2024, extend sourcing into the intersection of crypto and real-economy assets.
What does Framework Ventures invest in beyond crypto?
Beyond its core DeFi and blockchain infrastructure focus, Framework has expanded into AI, Web3 gaming, and Layer 1 protocols. The firm also invests at the convergence of crypto and the real economy, including stablecoins, private credit, and asset-backed lending, as led by Partner Parker Edwards.
Where is Framework Ventures headquartered and does it have other offices?
Framework Ventures is based in San Francisco. No additional offices are disclosed on the firm's website or team materials.
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