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Framework Ventures portfolio: 40 companies, $15M average round

By NAUT Research · · 9 min read

40 Framework Ventures portfolio companies on NAUT across 54 rounds, March 2020 to October 2026. Logos: Berachain, Sentient, InfinEx, Mecka, meanwhile, Towns Protocol, Immunefi, Allora Network, Space and Time, Civitas, Babylon, T-REX.

NAUT tracks 40 companies in the Framework Ventures portfolio, backed across 54 funding rounds dated from March 2020 to October 2026, with Berachain, Sentient and InfinEx the largest by round size. Counted on 12 November 2026, the average round with an amount is $15.0M, and 6 of the 54 rounds are dated 2025 or later.

Data note. Counted on 12 November 2026 from NAUT's own database: every round row where NAUT records Framework Ventures as a backer. That is 56 rows. 2 were left out because the backed row is not a project company: Perion is stored as an investor and DODO as a platform. The other 54 rows sit at 40 companies, none archived or merged. 6 of the 54 look like 1 round stored twice (same type and amount, dates 1 day apart or 1 date missing): 1 pair each at Corn, Babylon, Towns Protocol and Common, and 2 pairs at Reya Network. Counted once each, that is 48 rounds and a $15.4M average across the 47 with an amount. The $15.0M figure above uses all 53 rows with an amount; the Immutable X row holds no amount and sits out of both averages.

18 of the 54 rows carry no announcement date, so this page shows the close date NAUT holds for them and marks it "(close date)". Research put 9 round claims on 8 of the 40 companies to news and company pages: 6 matched NAUT's record, and the claims for InfinEx and Towns Protocol did not match, so those 2 appear below with NAUT's figures and a flag. The other 32 companies were not checked outside NAUT. Written by NAUT Research.

Which projects are in the Framework Ventures portfolio?

The 40 Framework Ventures portfolio companies on NAUT, ranked by the largest round NAUT records for each. Each name opens the company's NAUT page with its team and its other backers.

Company Largest Latest dated round
$100.0M Series B, Apr 2024
$85.0M Seed, Jul 2024
$65.3M NFT sale, Sep 2024
$60.0M Series B, Oct 2026
$37.5M Undisclosed type, Oct 2026
$25.5M Series A, Feb 2023
$24.0M Series A, Sep 2022
$23.3M Series A2, Mar 2022 (close date)
$20.0M Series A, Aug 2024
$20.0M Funding round, Apr 2022
$18.0M Series A, Dec 2023
$17.0M Private, May 2025 (close date)
$15.0M Strategic, May 2022
$14.0M Series A, Jun 2021
$14.0M Series A, Mar 2025 (close date)
$13.4M Series A, Aug 2025 (close date)
$12.0M Funding round, Oct 2021
$10.0M Series A, Dec 2024
$10.0M Funding round, Mar 2024
$10.0M Series A, Jun 2021
$9.0M Seed, 2024 (row says Jul 2025)
$9.0M Seed, Aug 2025 (close date)
$7.1M Seed, Mar 2021
$6.7M Seed, Aug 2024
$5.2M Strategic, Jun 2024 (close date)
$5.0M Seed, Mar 2024
$5.0M Strategic, Jun 2020
$5.0M Strategic, Sep 2023 (close date)
$4.8M Strategic, Feb 2024
$4.7M Funding round, Sep 2020
$4.5M Funding round, Jun 2021
$4.3M Seed, Jan 2021
$4.0M Series A, Mar 2024
$3.75M Seed, Mar 2022
$3.25M Series A, Dec 2023 (close date)
$3.2M Seed, May 2021
$3.0M Funding round, Jul 2020
$1.8M Seed, Nov 2020
$0.75M Funding round, Apr 2020
No amount Strategic, Dec 2023 (close date)

DeFi is the first sector tag on 10 of the 40 companies, infrastructure on 6, and AI, DEX and L1/2/3 on 4 each. 3 carry no sector tag.

Which Framework Ventures rounds are the largest?

Largest round per company, Framework Ventures portfolio on NAUT
  1. Berachain$100M
  2. Sentient$85M
  3. InfinEx$65.3M
  4. Mecka$60M
  5. meanwhile$37.5M
  6. Towns Protocol$25.5M
  7. Immunefi$24M
  8. Allora Network$23.3M
  9. Space and Time$20M
  10. Civitas$20M

The 10 largest rounds run from $20.0M to $100.0M, and 6 of them are dated 2024 or later.

NAUT's record marks Framework as lead on 0 of the 54 rows. The sources research read say more: of the 6 rounds whose claim matched, Framework led 2 and co-led 2.

Company Round on NAUT Who led, per source
Series B, $100.0M, Apr 2024 Framework and Brevan Howard Digital co-led
Seed, $85.0M, Jul 2024 Founders Fund, Pantera Capital and Framework co-led
NFT sale, $65.3M, Sep 2024 Source did not match NAUT's record
Series B, $60.0M, Oct 2026 Sequoia Capital led, Framework took part
Undisclosed type, $37.5M, Oct 2026 Bain Capital Crypto led, Framework took part
Series A, $25.5M, Feb 2023 Source did not match NAUT's record
Series A, $24.0M, Sep 2022 Framework led
Series A, $10.0M, Dec 2024 Framework led

Immunefi's own announcement credits Framework Ventures as lead of its $24M Series A, and SiliconANGLE writes of Avalon Labs that "The Series A round was led by Framework Ventures".

Which Framework Ventures investments are dated 2025 or later?

6 of the 54 rounds are dated 2025 or later on NAUT: 2 by announcement date in October 2026 and 4 by close date in 2025. Together they add up to $150.9M.

Company Round Date on NAUT
Undisclosed type, $37.5M 8 Oct 2026
Series B, $60.0M 7 Oct 2026
Series A, $13.4M 14 Aug 2025 (close date)
Seed, $9.0M 7 Aug 2025 (close date)
Private, $17.0M 10 May 2025 (close date)
Series A, $14.0M 5 Mar 2025 (close date)

Mira Network's $9.0M seed is left out: its NAUT round row carries a 16 July 2025 close date, but its NAUT page says June 2024 and the July 2024 announcement agrees. 2 of the 6 describe an AI product on NAUT: Mecka (a data layer for AI robotics) and Perle Labs. The meanwhile round "came entirely from existing investors", per ValueAdd VC.

What this tells a BD team

How a BD team can work the Framework Ventures portfolio
  1. Start with the 2025 and 2026 rounds6 teams, $150.9M, led by Mecka and meanwhile.
  2. Open each company pageThe NAUT page lists the team and every other backer on record.
  3. Pick the decision makerMatch your offer to the role, then check which channels NAUT has on file.
  4. Ask for a warm pathFramework Ventures led Immunefi and Avalon Labs, per their sources.

What this tells a founder raising from Framework Ventures

  • Round size: NAUT records Framework in rounds from $0.75M (Kava) to $100.0M (Berachain), $15.0M on average.
  • Recent pattern: 2 of the 6 rounds dated 2025 or later went to AI products.
  • Co-backers to expect: the checked sources name Founders Fund, Pantera Capital, Brevan Howard Digital, Sequoia Capital and Bain Capital Crypto in Framework rounds.
  • References: 40 portfolio teams are 1 click away for a founder call.
How a founder can use this list before a Framework pitch
  1. Check the fitDeFi is the first tag on 10 of the 40, AI on 4.
  2. Look for overlapA perp DEX founder will find Reya Network, SynFutures and Futureswap here.
  3. Find a referenceOpen a portfolio team's NAUT page and reach its founder.
  4. Size the askThe average round with an amount is $15.0M on NAUT.

How to reach the teams in the Framework Ventures portfolio

This crypto VC portfolio covers 40 teams, and every company above links to its NAUT page, which lists the people NAUT holds for that team and which channels are on file. The Framework Ventures page lists the fund's own team and its portfolio. The free NAUT plan shows public profiles (name, role, company, X); verified Telegram, email and LinkedIn need a paid plan.

Related reading on NAUT: How to research a VC fund: 6 checks, 23 rounds, 27 partners and Crypto co-investors: 3 steps, 168 on 66 rounds for 1 fund.

Can you pull this data through the NAUT API?

Yes: GET https://api.naut.so/v1/investors/framework-ventures with the header Authorization: Bearer $NAUT_KEY returns the fund with its team and portfolio, each row carrying company, roundType, amountUsd, announceDate and isLead, for 5 credits a call. A company's team comes from GET https://api.naut.so/v1/projects/berachain at the same price, and the API docs and plans from $49 a month cover the rest. Verified Telegram, email and LinkedIn for the people on these pages unlock on any paid NAUT plan: start a 7-day trial.

Framework Ventures portfolio FAQ

Which projects has Framework Ventures backed?

NAUT tracks 40 Framework Ventures portfolio companies across 54 rounds dated March 2020 to October 2026, counted on 12 November 2026. The largest rounds are Berachain ($100.0M), Sentient ($85.0M) and InfinEx ($65.3M).

How many Framework Ventures investments are dated 2025 or later?

6 of the 54 rounds NAUT records for Framework Ventures are dated 2025 or later, worth $150.9M together. The 2 latest are Mecka ($60.0M, 7 October 2026) and meanwhile ($37.5M, 8 October 2026).

Did Framework Ventures lead its rounds?

NAUT's record marks Framework Ventures as lead on 0 of 54 rows. The sources checked for this page name it lead of Immunefi's $24.0M Series A and Avalon Labs's $10.0M Series A, and co-lead of Berachain and Sentient; research checked 8 of the 40 companies.

Where can I find the teams at Framework Ventures portfolio companies and their contact channels?

NAUT holds a page for each of the 40 Framework Ventures portfolio companies, with the team and the channels on file, and GET https://api.naut.so/v1/investors/framework-ventures returns the portfolio for 5 credits. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan: start a 7-day trial.

Sources

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