Crypto VC Framework Ventures has closed a $400 million fourth fund, its biggest move yet to invest beyond crypto into adjacent frontier technology, Fortune reports.

Founded in 2019 by ex-Netflix and ex-Snapchat alumni Vance Spencer and Michael Anderson, the firm has grown beyond DeFi into AI and infrastructure investing.

The fund matches the size of its 2022 third fund and pushes Framework's assets under management well past the $1.4 billion mark.