Framework Ventures will create a fund with assets of $400 millionReed Flores
Crypto-focused firm Framework Ventures has raised $400 million to set up a new investment fund.
1/ Framework Ventures has raised $400 million for our third crypto fund, dubbed “FVIII”, bringing our total AUM over $1.4 billion.
— Framework Ventures (@hiFramework) April 19, 2022
Approximately half of these funds will go to startups in the GameFi field, which the founders of the company predict explosive growth.
FVIII is the third fund created by Framework Ventures in its two years of existence. The firm’s total assets under management are $1.4 billion.
The portfolio of Framework Ventures includes such well-known projects as Aave, Chainlink, and Illuvium.
The previously reported metaverse project is The Sandbox plans to raise $400M at $4B valuation.