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Framework Ventures

San Francisco, California · Invests in US; Europe; Asia · Website

Pre-SeedSeedSeries ASeries BDeveloper ToolsFintechCrypto & Web3Fintech & PaymentsDeveloper Tools & Infrastructure

Thesis

We back crypto-native founders building the next generation of valuable blockchain networks and applications. We were early believers in DeFi and continue to identify emerging opportunities at the intersection of cryptography, protocol design, and real-world utility.

Likely not a fit for

No non-technical founders, no projects without clear protocol/incentive design, no pure speculative plays

How they invest

Lead or follow
Usually leads
Typical decision
~2 weeks
Warm intro
Preferred
Involvement
Takes a board seat
Fund status
Actively deploying
Assets under mgmt
$1.4B
Decision process
Partnership vote

Partners & team

12 contacts on file

VS

Vance Spencer

General PartnerCo-founder · Primary contact

+ Pitch
MA

Michael Anderson

General PartnerCo-founder

+ Pitch

LinkedIn profile

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RL

Roy Learner

PartnerPartner

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BP

Brandon Potts

PartnerPartner

+ Pitch
RP

Rajiv Patel-O'Connor

PartnerPartner

+ Pitch
PE

Parker Edwards

PrincipalPrincipal, Director of Obex

+ Pitch
MH

Monique Horton

Platform & OpsChief Compliance Officer

+ Pitch
JD

John DiCerbo

Platform & OpsChief Financial Officer

+ Pitch
FN

Fred Neary

Platform & OpsGeneral Counsel

+ Pitch
AB

Adam Badrawi

PartnerCommunications & PR

+ Pitch

a•••@fr•••.ventures

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AL

Andrew Lugsdin

General PartnerCo-Founder and Partner

+ Pitch

a•••@fr•••.vc

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RB

Ryan Barney

PartnerPartner

+ Pitch

Portfolio

AaveFintech Payments

Aave is a decentralized non-custodial liquidity protocol that allows users to supply and borrow assets, earning interest on their deposits and accessing liquidity against collateral.

ChainlinkFintech Payments

Chainlink is the industry-standard oracle platform that enables secure and reliable data feeds for smart contracts across various blockchain networks.

SynthetixGaming

Synthetix is a decentralized finance (DeFi) platform that offers perpetual futures trading on the Ethereum Mainnet, enabling users to trade synthetic assets with high security and liquidity.

Graph ProtocolDeveloper Tools Infra

The Graph is an open-source protocol that enables efficient indexing and querying on blockchains, making it easily accessible for developers, projects, and applications.

YearnFintech Payments

Yearn is DeFi's Yield Aggregator that allows users to earn on their crypto through various vaults that utilize DeFi opportunities for risk-adjusted yields.

OptimismSemiconductors Hardware

Optimism is a blockchain infrastructure scaling Ethereum, offering scalable, secure Layer 2 solutions. It uses the OP Stack to lower barriers for developers and focuses on solving complex problems with an optimistic mindset.

CelestiaEnterprise Software

Celestia is the L1 for specialised onchain markets, enabling fibre optic performance with millisecond latency. It provides terabit-scale blockspace for high-throughput decentralized applications.

JitoDeveloper Tools Infra

Jito Labs provides infrastructure solutions for Solana, focusing on maximizing MEV (Miner Extractable Value) opportunities for validators and searchers on the blockchain.

AlloraEnterprise Software

Allora Network is a decentralized, community-driven AI ecosystem that enables crowdsourced models and supports staking mechanisms for economic security and decentralization.

BerachainEnterprise Software

Berachain is a high-performance EVM-compatible blockchain built on Proof-of-Liquidity consensus. Proof-of-Liquidity is a novel consensus mechanism that aims to align network incentives, creating strong synergy between Berachain validators and the ecosystem of projects.

PlasmaFintech Payments

Plasma is a high-performance layer 1 blockchain purpose-built for stablecoins, enabling near instant, fee-free payments with institutional-grade security.

ObexFintech Payments

Obex is focused on incubating institutional-grade stablecoin projects that offer innovative and diversified yield within the Sky Ecosystem.

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Research briefRead more
Framework Ventures Research Investment Thesis Framework Ventures is a leading crypto-native venture capital firm founded in 2019 by Vance Spencer (former Netflix) and Michael Anderson (former Snapchat/Dropbox), with a deep conviction in blockchain technology and decentralized finance. The firm was arguably the first VC firm to "go all in" on the emerging DeFi ecosystem, with seminal early investme

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