Disruptive Raises $10 Billion Fund Targeting AI and Defense Sectors
Dallas-based investment firm Disruptive has announced the successful raising of a $10 billion fund, marking one of the largest venture capital raises of the year. This represents the firm's first blind-pool fund, moving away from its previous strategy of using deal-by-deal special purpose vehicles. The fund intends to make significant bets on at least 10 late-stage companies, with individual investments reaching up to $1 billion. The capital is specifically earmarked for high-growth, capital-intensive sectors, primarily artificial intelligence and defense technology. Disruptive has a proven track record of backing major players such as Palantir, Airbnb, and Spotify, and recently invested in Groq and ElevenLabs. According to reports, the firm has returned over $6 billion on approximately $1.9 billion in startup investments.