Disruptive raises $10B fund to make big bets on at least 10 companies — SkimNews
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- Disruptive announced a $10 billion fund on Tuesday to back at least 10 late-stage companies with individual checks of up to $1 billion.
- Disruptive is aiming the fund at capital-intensive AI and defense companies, making the $10 billion raise one of the year’s biggest fundraises so far.
- Disruptive’s new vehicle is its first blind pool: investors commit without knowing which companies it will back, unlike the deal-by-deal SPVs used previously.
- The Wall Street Journal reported earlier this month that Disruptive was seeking the fund and had secured at least $7.5 billion in capital commitments.
- Disruptive counts Palantir, Airbnb and Spotify among its past bets, alongside more recent investments in chip startup Groq and AI voice-generation startup ElevenLabs.
- Bloomberg reported that Disruptive told its LPs it had returned more than $6 billion on roughly $1.9 billion invested in startups.
- Dallas Business Journal called the new vehicle the largest venture fund raised in Texas history.
Why it matters: Late-stage AI and defense companies gain access to checks of up to $1 billion, while Disruptive shifts from deal-by-deal vehicles to a $10 billion blind pool. The firm’s reported return of more than $6 billion on roughly $1.9 billion invested provides concrete performance context for that expansion.
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