Disruptive has raised a ten billion dollar fund to back late-stage companies, including AI businesses. The Dallas investment firm plans to back at least ten companies, with cheques of up to $1 billion.
Disruptive will put most of the fund into new funding rounds, while some money will buy shares from existing investors. The new capital roughly doubles the assets the firm manages.
The fund changes how Disruptive invests: previously, it raised money separately for each deal through special purpose vehicles. It now has its first blind-pool fund, whose investors commit capital without knowing which companies it will back.
Disruptive has previously backed AI chip company Groq and voice AI company ElevenLabs. For founders, the new fund offers another potential source of large late-stage funding, but its planned concentration means relatively few companies will receive it.
The raised fund adds committed capital that could support large AI funding rounds, rather than merely signalling investor interest.
A pooled fund lets Disruptive choose investments without raising a separate vehicle for each deal.
The late-stage focus makes this more relevant to established AI companies seeking scale than to founders seeking their first funding.
Written automatically by the Made in 10 Newsroom from the source above.
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