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Crypto-focused firm Framework Ventures has raised $400 million to launch a new investment fund. 1/ Framework Ventures has raised a third $400M for our crypto fund called “FVIII”,
Crypto-focused firm Framework Ventures has raised $400 million to launch a new investment fund.
1/ Framework Ventures has raised a third $400M for our crypto fund called “FVIII”, bringing our total AUM to over $1.4B.
About half, or $200 million, has been set aside for the rapidly growing blockchain playground.@business:https://t.co/Eg6mBaWJ70
— Framework Ventures (@hiFramework) 19 April 2022
About half of these funds will go to startups in the GameFi space, which the company’s founders envisioned explosive growth.
FVIII is the third fund created by Framework Ventures in its two-year existence. The company’s total assets under management are $1.4 billion.
The Framework Ventures portfolio includes well-known projects such as Aave, Chainlink, and Illuvium.
ForkLog previously reported that The Sandbox metaverse project plans to raise $400 million at a valuation of $4 billion.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
