The fund, known for early stakes in Groq and ElevenLabs, will deploy massive checks into a small number of AI companies rather than spreading capital thin.
Disruptive closed a $10 billion fund aimed at making large, concentrated bets on at least ten companies, continuing a strategy that previously paid off with early positions in chip startup Groq and voice-AI company ElevenLabs. The fund's size signals investor appetite for fewer, bigger wagers in a market where compute and talent costs have pushed round sizes sharply higher.
This mega-fund approach departs from traditional venture diversification, betting that AI infrastructure and application winners will concentrate value among a handful of category leaders.
Founders raising in this environment should expect fewer but far larger checks from funds chasing conviction plays, which raises the bar for proving defensibility early. For LPs, this is a bet that AI's winner-take-most dynamics justify abandoning portfolio diversification.
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