Dominic-Madori Davis
The Dallas-based investment firm Disruptive, whose past bets include Palantir, Airbnb, and Spotify, announced a $10 billion fund to back at least 10 late-stage companies, with checks of up to $1 billion, it said Tuesday.
It’s one of the biggest fundraises of the year so far, aiming to back (what else?!) the capital-intensive fields of AI and defense. The Wall Street Journal first reported earlier this month that the firm was seeking to raise the fund and by then had already secured at least $7.5 billion in capital commitments.
The firm was founded in 2012 by Alex Davis, grandson of billionaire oil magnate Marvin Davis.
This is technically the firm’s first blind-pool fund, meaning investors commit money without knowing which companies it will back. Until now, the firm raised money through deal-by-deal special purpose vehicles. Disruptive has nonetheless made headlines in recent years for pouring money into companies like chip startup Groq and the AI voice-generation startup ElevenLabs. Bloomberg reported that the firm told LPs it has returned more than $6 billion on the roughly $1.9 billion it has put into startups.
According to the Dallas Business Journal, the new vehicle is the largest venture fund raised in Texas history.
Buy One Pass, Get a Second FreeCover more ground at TechCrunch’s ultimate founder bootcamp of the year by bringing your co-founder or partner for freeBook before the BOGO deal expires
Newsletters
Subscribe for the industry’s biggest tech news
Startups
Billionaire Palmer Luckey isn’t leaving California over the wealth tax
Julie Bort
6 hours ago
Biotech & Health
Colossal Biosciences announces new AI platform to help accelerate de-extinction efforts
Dominic-Madori Davis
Oct 14, 2026
Startups
Vesta raises $30M to bring swarms of agents to mortgage lenders
Dominic-Madori Davis
Oct 8, 2026
Latest in Venture
In Brief
Disruptive raises $10B fund to make big bets on at least 10 companies
Dominic-Madori Davis
19 minutes ago
Venture
VCs, Superhuman Mail founder share red flags about product-market fit
Dominic-Madori Davis
4 days ago
Venture
Carta and NewView partner, hoping to entice more startups to let employees sell shares early
Marina Temkin
4 days ago