The Dallas-based investment firm Disruptive, known for early bets on Palantir, Airbnb, and Spotify, has announced a $10 billion fund to back at least 10 late-stage companies. The fund, one of the largest of the year, will focus on capital-intensive sectors like AI and defense, with individual investments reaching up to $1 billion. Founded in 2012 by Alex Davis, grandson of oil magnate Marvin Davis, this marks the firm’s first blind-pool fund.
Previously, Disruptive operated through deal-by-deal vehicles but has recently made headlines for investments in chip startup Groq and AI voice firm Eleven Labs. The firm reportedly told limited partners it has returned over $6 billion on roughly $1.9 billion invested. According to the Dallas Business Journal, this is the largest venture fund ever raised in Texas.
Source: TechCrunch Venture · Summarized by HeadlinesBriefing