Key Takeaways
- • Dallas-based venture-capital firm Disruptive is raising up to $10 billion for a new fund, per The Wall Street Journal, and has already secured $7.5 billion in commitments.
- • The fund will back roughly 10 late-stage companies over a two-year investment window, according to people familiar with the matter cited by the Journal.
- • Disruptive would join a small group of megafund managers; PitchBook defines a megafund as any fund exceeding $500 million, and Thrive Capital and Andreessen Horowitz have also raised more than $10 billion for new funds this year.
- • The firm's profile rose after Nvidia's $20 billion licensing agreement with chip startup Groq late last year, and its portfolio includes Reflection AI, Databricks, Shield AI and ElevenLabs.
- • Founder Alex Davis, grandson of oil and media billionaire Marvin Davis, launched Disruptive in 2012.
Summary
Disruptive, a Dallas-based venture-capital firm, is raising up to $10 billion for a new fund, according to The Wall Street Journal, as reported by Quartz. The firm has already locked in $7.5 billion in commitments, according to people familiar with the matter, and plans to deploy the capital into about 10 late-stage companies over a two-year window. If completed at the target size, the vehicle would place Disruptive among a small group of investment firms operating at megafund scale. PitchBook defines megafunds as funds exceeding $500 million. The Journal reported that Thrive Capital and Andreessen Horowitz have also raised more than $10 billion for new funds this year.
The firm's visibility increased after Nvidia reached a $20 billion licensing agreement with chip startup Groq late last year, an investment Disruptive had backed. Disruptive has also placed bets on open-source AI model developer Reflection AI, data analytics company Databricks, defense technology company Shield AI and voice AI startup ElevenLabs, according to the Journal. Coverage from other outlets describes the firm as focused on AI and technology, with a late-stage strategy aimed at scaling companies at very large check sizes.
Disruptive was founded in 2012 by Alex Davis, who is the grandson of oil and media billionaire Marvin Davis. The fundraise reflects continued investor appetite for concentrated, large-scale bets on late-stage AI companies, though the reporting relies on people familiar with the matter and the final fund size has not been confirmed.
The firm's visibility increased after Nvidia reached a $20 billion licensing agreement with chip startup Groq late last year, an investment Disruptive had backed. Disruptive has also placed bets on open-source AI model developer Reflection AI, data analytics company Databricks, defense technology company Shield AI and voice AI startup ElevenLabs, according to the Journal. Coverage from other outlets describes the firm as focused on AI and technology, with a late-stage strategy aimed at scaling companies at very large check sizes.
Disruptive was founded in 2012 by Alex Davis, who is the grandson of oil and media billionaire Marvin Davis. The fundraise reflects continued investor appetite for concentrated, large-scale bets on late-stage AI companies, though the reporting relies on people familiar with the matter and the final fund size has not been confirmed.
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