Disruptive raises $10 billion fund to back at least 10 late-stage companies
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Dallas-based Disruptive, founded in 2012 by Alex Davis and known for bets on Palantir, Airbnb, Spotify, Groq and ElevenLabs, announced Tuesday a $10 billion blind-pool fund—its first without pre-named targets—to invest in at least 10 late-stage firms with checks up to $1 billion, chiefly in AI and defense. The Wall Street Journal had reported at least $7.5 billion in commitments; Bloomberg cited LP returns above $6 billion on roughly $1.9 billion deployed. The Dallas Business Journal called it the largest venture fund raised in Texas history.
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