Framework Ventures
Fund snapshot
- Lookout tier
- Tier 1
- Lookout score
- 90/100
- AUM
- $1.4B
- Vintage
- 2019
- Check size
- $250K – $40M
- Stage
- Seed, Series A, Series B
- Role
- Leads rounds
Lookout's read
How Lookout reads this fund.
Framework essentially invented the DeFi-native VC playbook — early concentrated positions in Chainlink, Aave and Synthetix gave it generational returns. It has credibly extended that into AI (co-leading Sentient). Tier 1 with a sharp identity; the flip side of concentration is cyclicality tied to the DeFi/gaming narrative.
Fund thesis
What they back.
High-conviction 'network capital': concentrate in a small number of category-defining crypto networks (DeFi, now AI and gaming) and actively participate in their tokenized economies.
Portfolio
Notable bets · 5
4 with realized tokens or exits
Chainlink
Aave
Sentient
Illuvium
The Graph
In their orbit
Deals Lookout covers.
Team
Who runs the capital.
Vance Spencer
@pythianismCo-Founder & GP
Ex-Netflix; built and sold an NFL collectibles startup before going all-in on DeFi.
Michael Anderson
@im_mandersonCo-Founder & GP
Former PM at Snapchat and Dropbox; co-founded Framework in 2019.
Co-investors
Who they ride with.
Facts public-source · tier & read are Lookout judgment · profile updates continuously