Disruptive raises $10B fund to make big bets on at least 10 companies
The Dallas-based investment firm Disruptive, whose past bets include Palantir, Airbnb, and Spotify, announced a $10 billion fund to back at least 10 late-stage companies, with checks of up to $1 billion, it said Tuesday.
It’s one of the biggest fundraises of the year so far, aiming to back (what else?!) the capital-intensive fields of AI and defense. The WSJ first reported earlier this month that the firm was seeking to raise the fund and by then had already secured at least $7.5 billion in capital commitments.
The firm was founded in 2012 by Alex Davis, grandson of billionaire oil magnate Marvin Davis.
This is technically the firm’s first blind-pool fund, meaning investors commit money without knowing which companies it will back. Until now, the firm raised money through deal-by-deal special purpose vehicles.Disruptive has nonetheless made headlines in recent years for pouring money into companies like chip startup Groq...
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