Every public signal F4 has attached to this firm, with sources and cross-entity links.
New Fund
Disruptive is raising up to $10B for a new megafund, with $7.5B already committed. The fund marks a shift from SPVs to a conventional venture model, targeting ~10 late-stage companies over two years.
Alex Davis published a 2025 investor letter warning of a 'significant financing crisis' in the speculative data center market by 2027-2028, while remaining bullish on AI itself. The letter was first reported by Axios.
Nvidia agreed to license assets from Groq for approximately $20B in cash, representing Nvidia's largest deal ever. Disruptive, as a major Groq backer, facilitated the transaction.
Disruptive led Groq's $750M Growth round at a $6.9B valuation, with BlackRock, Neuberger Berman, Samsung, Cisco Investments, D1 Capital Partners, and Altimeter Capital participating.