Disruptive raises $10B fund for late-stage AI and defense bets
Original title: Disruptive raises $10B fund to make big bets on at least 10 companies
The Dallas firm’s first blind-pool vehicle will write checks of up to $1 billion after at least $7.5 billion in commitments.
Disruptive, founded in 2012 by Alex Davis, said Tuesday it raised a $10 billion fund to back at least 10 late-stage companies in AI and defense. The Wall Street Journal reported earlier this month that the firm was seeking the capital and had secured at least $7.5 billion. Until now Disruptive raised money deal by deal. Bloomberg reported the firm told investors it has returned more than $6 billion on about $1.9 billion invested.
Unconfirmed: The return figure is what Disruptive told limited partners, according to Bloomberg, and the Texas record is attributed to the Dallas Business Journal.
- Checks can reach $1 billion per company.
- Past investments include Palantir, Groq, and ElevenLabs.
- The Dallas Business Journal calls it the largest venture fund raised in Texas.
- Investors commit without knowing which companies the fund will back.
- Organizations
- Disruptive
From the original article
1 min read at techcrunch.com
Disruptive has made headlines in recent years for pouring money into companies like chip startup Groq and the AI voice-generation startup ElevenLabs.
By Dominic-Madori Davis · techcrunch.com
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