Disruptive raises $10B fund to back at least 10 late-stage companies
Overview
Dallas-based investment firm Disruptive announced a $10 billion fund to back at least 10 late-stage companies, with checks of up to $1 billion.
The firm said the fund targets capital-intensive fields including AI and defense.
The fund is Disruptive's first blind-pool fund, meaning investors commit money without knowing which companies it will back. Disruptive's past investments include Palantir, Airbnb and Spotify, according to the report.
Written by AI from the articles below · updated Oct 27, 4:02 PM ET
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- TechCrunch · AINewsDisruptive raises $10B fund to back at least 10 late-stage companies
AIDallas-based investment firm Disruptive announced a $10 billion fund to back at least 10 late-stage companies, with checks of up to $1 billion. The firm said the fund targets capital-intensive fields including AI and defense, and that it is its first blind-pool fund, meaning investors commit money without knowing which companies it will back.
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