Disruptive raises $10 billion fund for late-stage AI companies
TechCrunch: Disruptive raises $10B fund to make big bets on at least 10 companies
Disruptive has made headlines in recent years for pouring money into companies like chip startup Groq and the AI voice-generation startup ElevenLabs.
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Disruptive, a Dallas-based investment firm, has raised a $10 billion fund to invest in at least 10 late-stage companies with individual checks of up to $1 billion, focusing on AI and defense. This is the firm's first blind-pool fund, meaning investors committed capital without knowing which specific companies would receive backing, whereas the firm previously raised money on a deal-by-deal basis. The firm has a track record of successful investments, having backed companies like Palantir, Airbnb, and Spotify, and more recently Groq and ElevenLabs, with reported returns exceeding $6 billion on roughly $1.9 billion invested. This fund represents the largest venture fund raised in Texas history.
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