Disruptive 募集 100 亿美元基金，计划投资至少 10 家后期公司
Disruptive raises $10B fund to make big bets on at least 10 companies
总部位于达拉斯的投资公司 Disruptive 宣布设立 100 亿美元基金，计划投资至少 10 家后期公司，单笔投资最高可达 10 亿美元，重点投向 AI 和国防等资本密集型领域。这是该公司首只盲池基金，此前主要通过逐笔交易的特殊目的载体募资。彭博报道称，该公司已向 LP 表示，其投入初创企业约 19 亿美元，已实现超过 60 亿美元回报。
In Brief
Posted:
11:55 AM PDT · October 27, 2026
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.
来源：TechCrunch · AI · techcrunch.com