Disruptive raises $10B fund to make big bets on at least 10 companies
News Source
β’Tue, 27 Oct 2026 18:55:35 +0000
π° What Happened
A Dallas investment firm called Disruptive has raised a $10 billion fund. It plans to put money into at least 10 older startups, with single checks of up to $1 billion. The firm said on Tuesday that most of the cash will go to two costly areas: artificial intelligence and defense.
That makes it one of the biggest funds raised so far this year. The Wall Street Journal first reported the plan earlier this month. By then, Disruptive had already lined up at least $7.5 billion in promises from investors. The Dallas Business Journal says it is the largest venture fund ever raised in Texas.
π The Backstory
Disruptive was started in 2012 by Alex Davis. He is the grandson of Marvin Davis, a billionaire in the oil business. The firm has backed well-known names such as Palantir, Airbnb and Spotify. It has also put money into chip startup Groq and ElevenLabs, which makes AI voices.
Until now, the firm raised money one deal at a time, asking investors to back each company separately. This is its first fund where investors hand over money before knowing which companies will get it. Disruptive told its investors it has returned more than $6 billion on roughly $1.9 billion put into startups.
π― Why It Matters
Funds this large decide which young companies get a chance to grow. Money flowing into AI and defense shapes what tools get built next, and how fast.
A Dallas investment firm called Disruptive has raised a $10 billion fund. It plans to put money into at least 10 older startups, with single checks of up to $1 billion. The firm said on Tuesday that most of the cash will go to two costly areas: artificial intelligence and defense.
That makes it one of the biggest funds raised so far this year. The Wall Street Journal first reported the plan earlier this month. By then, Disruptive had already lined up at least $7.5 billion in promises from investors. The Dallas Business Journal says it is the largest venture fund ever raised in Texas.
Disruptive was started in 2012 by Alex Davis. He is the grandson of Marvin Davis, a billionaire in the oil business. The firm has backed well-known names such as Palantir, Airbnb and Spotify. It has also put money into chip startup Groq and ElevenLabs, which makes AI voices.
Until now, the firm raised money one deal at a time, asking investors to back each company separately. This is its first fund where investors hand over money before knowing which companies will get it. Disruptive told its investors it has returned more than $6 billion on roughly $1.9 billion put into startups.
Funds this large decide which young companies get a chance to grow. Money flowing into AI and defense shapes what tools get built next, and how fast.