FUNDING · MONEY · #2677
Disruptive raises $10B blind-pool fund to back at least 10 companies
Dallas-based investor Disruptive announced a $10 billion blind-pool fund that will make large late-stage investments — up to $1 billion per check — targeting at least 10 companies and focusing on capital-intensive areas including AI and defense. The firm, led by founder Alex Davis, has previously invested in firms such as Groq and ElevenLabs and told LPs it has returned more than $6 billion on roughly $1.9 billion deployed.
KEY POINTS
- Dallas-based investor Disruptive announced a $10 billion blind-pool fund that will make large late-stage investments — up to $1 billion per check — targeting at least 10 companies and focusing on capital-intensive areas including AI and defense.
- The firm, led by founder Alex Davis, has previously invested in firms such as Groq and ElevenLabs and told LPs it has returned more than $6 billion on roughly $1.9 billion deployed.
- A $10 billion blind-pool aimed at AI and defense signals a major new source of late-stage capital for capital-intensive AI hardware and software plays and is notable as one of the largest funds raised this year and the biggest venture fund in Texas history per local reporting.
WHY IT MATTERS
A $10 billion blind-pool aimed at AI and defense signals a major new source of late-stage capital for capital-intensive AI hardware and software plays and is notable as one of the largest funds raised this year and the biggest venture fund in Texas history per local reporting.