Deals · Updated 28 Oct, 12:25 am IST
Disruptive raises $10 billion fund to back at least 10 late-stage companies
Why it matters for readers: This is a sign that investors are placing very large bets on AI and related industries right now.
- Disruptive announced a $10 billion fund that will back at least 10 late-stage companies.1
- The fund is a blind-pool vehicle, the firm’s first after previously using deal-by-deal special purpose vehicles.1
- Disruptive said it may write checks of up to $1 billion and will focus on capital-intensive fields such as AI and defense.1
- The firm, founded by Alex Davis, has previously invested in companies including Palantir, Airbnb, Spotify, Groq and ElevenLabs.1
- According to reporting, the vehicle is the largest venture fund ever raised in Texas and the firm had already secured at least $7.5 billion in commitments before this announcement.1
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