每週觀察

每週整理四類新聞:全球影響力投資、全球創業投資、台灣創投、家族辦公室。摘要附原文連結。

2026 年 9 月第 4 週

全球影響力投資

ImpactAlpha2026-09-22

美國氣候政策退場之際,亞洲投資人接手氣候融資主導權

淡馬錫、曹氏家族辦公室等亞洲資金方表示,區域氣候與綠色投資並未放緩;以亞太海洋新創為對象的 Asia Ocean Fund 目標規模 7,500 萬美元、預計投資 30 家。

As the US retreats, Asia's investors take the lead on climate financing

Asian asset owners including Temasek and the Tsao Family Office say regional climate investing is pressing ahead; the Asia Ocean Fund targets $75M across 30 Asia-Pacific deals.

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ImpactAlpha2026-09-24

性別視角投資轉向公開市場,2X Global 目標 2027 年前新增 200 億美元

2X Global 蒙特婁年會聚集 44 國、270 位與會者,討論將性別視角投資從私募延伸至公開股債市場;加拿大 FinDev Canada 同步宣布投入 3,000 萬加元。

Gender-lens investors look to scale capital in public markets

At 2X Global's Montreal summit (270 participants from 44 countries), investors pushed to extend gender-lens strategies into public equities and debt, targeting $20B in new capital by 2027; FinDev Canada committed C$30M.

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ImpactAlpha2026-09-24

GIIN 共同創辦人 Amit Bouri 卸任前受訪:市場已達 1.5 兆美元,系統性進展仍不足

領導全球影響力投資網絡(GIIN)17 年的 Bouri 將於 10 月阿姆斯特丹年會後卸任;他指出市場規模已由 2019 年約 5,000 億美元成長至 1.5 兆美元,但全球層面的系統性改變仍未到位。

GIIN's Amit Bouri reflects as he steps down after 17 years

Bouri, who led the GIIN for 17 years, steps down after the October Amsterdam forum; the market grew from about $500B (2019) to $1.5T, yet he says systemic progress remains insufficient.

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ImpactAlpha2026-09-25

紐約氣候週:McKnight 基金會推 1.5 億美元基金,支持社區自有氣候專案

McKnight 基金會在美國中西部七州盤點逾 110 個社區自有氣候專案、總成本約 4.5 億美元,並與夥伴設立 1.5 億美元的 Power & Place 基金補足資金缺口;同期氣候專業創投募資明顯降溫。

Climate Week NYC: McKnight backs a $150M fund for community-owned climate projects

McKnight Foundation mapped 110+ community-owned climate projects across seven Midwest states (about $450M in total cost) and helped launch the $150M Power & Place fund to close the gap, even as climate-specialist VC fundraising slows.

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ImpactAlpha2026-09-21

日本影響力投資餘額達18.65兆日圓,首屆東京Impact Galleria串連亞洲十國生態系

日本影響力投資餘額已達約18.65兆日圓(約1,250億美元),首屆東京Impact Galleria匯集十國約300人;AVPN指出,亞洲的瓶頸不在資金,而在可投資的案源。

Japan's ¥18.65 trillion impact market anchors first Impact Galleria Tokyo, linking 10 Asian ecosystems

Japan's outstanding impact investments reached about ¥18.65 trillion (~$125bn), and the first Impact Galleria Tokyo drew some 300 participants from 10 countries. AVPN noted Asia's real bottleneck is bankable deals, not capital.

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Asian Development Bank2026-09-24

全球500家開發銀行2027年齊聚曼谷,Finance in Common峰會首度移師亞洲

亞洲開發銀行宣布將於2027年3月底在曼谷主辦Finance in Common峰會,與會開發銀行合計管理約23兆美元資產、年投資約2.5兆美元,亞洲公共資金撬動民間資本的平台角色將更吃重。

500 development banks to meet in Bangkok as Finance in Common Summit comes to Asia for the first time

ADB will host the Finance in Common Summit in Bangkok from 31 March to 2 April 2027, the first in Asia, gathering 500+ public development banks managing roughly $23trn and investing about $2.5trn a year—raising Asia's profile as a hub for mobilising private capital.

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ImpactAlpha2026-09-29

歐盟反漂綠新規上路:淨零承諾須附驗證計畫,靠抵換不得標示「碳中和」

歐盟EmpCo指令9月27日起適用,淨零承諾須有可量化時程並經第三方驗證,依賴碳抵換的產品不得再稱碳中和;金融機關同受規範,惟截至6月仍有至少17國未完成轉化立法。

EU greenwashing rules take effect: net-zero claims need verified plans, offset-based 'carbon neutral' labels banned

The EU's EmpCo Directive now applies: net-zero pledges need measurable, time-bound plans with independent verification, and offset-reliant products can no longer be labelled 'carbon neutral'. Banks are covered too, though at least 17 member states had not transposed it as of June.

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ImpactAlpha2026-09-30

Enable Ventures募得5,030萬美元,專投身障科技並縮小財富落差

以身障視角投資的創投Enable Ventures完成5,030萬美元募資(原目標7,500萬),福特基金會等參與;預計投資約24家早期公司,顯示身障正成為新興影響力投資主題。

Enable Ventures raises $50.3 million for disability-tech venture fund

Disability-lens VC Enable Ventures closed its fund at $50.3m (vs a $75m target), backed by the Ford Foundation, UnitedHealth Group and others. It has made 11 investments and plans about 24, signalling disability as an emerging impact theme.

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全球創業投資

Bessemer Venture Partners2026-09-23

Bessemer 完成 57.5 億美元新基金,全面押注 AI 原生企業

資金分為 17.5 億美元種子與早期基金、40 億美元成長基金,涵蓋算力、基礎模型到應用與 Agent 的 AI 全產業鏈。

Bessemer Venture Partners closes $5.75B for AI-native founders

The raise splits into $1.75B for seed/early stage and $4B for growth, targeting AI-native companies from infrastructure and models to apps and agents.

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Crunchbase News2026-09-25

本週全球十大募資:資安雙雄 Island、Cyera 各募 4 億美元

Island(估值 64 億美元)與 Cyera 各完成 4 億美元募資,Snorkel AI 以 32 億美元估值募得 3.5 億美元;資安、AI 與醫療科技主導本週大型交易。

The week's 10 biggest rounds: Island and Cyera lead with $400M each

Island ($6.4B valuation) and Cyera each raised $400M, while Snorkel AI raised $350M at $3.2B; security, AI and health dominated the week's megadeals.

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Crunchbase News2026-09-23

億元級 A 輪成常態:2026 年至少 114 筆逾 1 億美元 A 輪

今年全球逾 1 億美元的 A 輪至少 114 筆、合計約 330 億美元,可望創歷史新高;其中七成以上流向 AI 新創,約半數在美國。

Jumbo-sized Series A rounds are on the rise

At least 114 Series A rounds of $100M+ have closed globally in 2026, totaling roughly $33B and on pace for a record; over 70% went to AI startups.

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TechCrunch2026-09-29

OpenAI傳洽談至少300億美元新一輪募資,估值上看1.4兆美元

據Bloomberg報導,OpenAI正洽談至少300億美元的新一輪募資,估值約1.4兆美元,較3月的8,520億美元大幅躍升;顯示資金持續向頭部AI模型公司高度集中,也為其明年上市鋪路。

OpenAI reportedly in talks to raise $30B round at $1.4T valuation

OpenAI is reportedly negotiating a round of at least $30B at roughly a $1.4T valuation, up from $852B in March, underscoring how heavily capital is concentrating in frontier AI ahead of its expected listing next year.

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TechCrunch2026-09-28

消費級AI代理Instinct完成10億美元C輪,估值100億美元

代使用者訂位、付款、採購的消費級AI代理新創Instinct,由Sequoia、Benchmark、Coatue投資完成10億美元C輪,估值100億美元,距上輪25億美元估值僅約一個月,反映AI代理賽道的資金熱度。

Viral AI agent Instinct raises $1B Series C at a $10B valuation

Consumer AI agent Instinct, which books travel, pays bills and shops for users, raised a $1B Series C from Sequoia, Benchmark and Coatue at a $10B valuation, about a month after a round at $2.5B, showing how fast capital is chasing AI agents.

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TechCrunch2026-09-25

英國AI算力雲Nscale赴美IPO前取得33.6億美元可轉債融資

Nvidia支持的英國AI雲端業者Nscale,在紐約證交所IPO前由Third Point與Nvidia領投取得33.6億美元可轉債,上市後轉為股權;預期估值約350億美元,顯示AI資料中心建置需要龐大資本。

Ahead of US IPO, British AI neocloud Nscale secures $3.36B in convertible financing

Nvidia-backed British AI cloud provider Nscale lined up $3.36B in convertible notes led by Third Point and Nvidia ahead of an NYSE listing expected to value it around $35B, illustrating the scale of capital needed for AI data center buildouts.

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DealStreetAsia2026-10-01

GCash母公司Mynt菲律賓IPO定價,募資約8.45億美元

菲律賓行動支付GCash母公司Mynt以每股6.6披索定價IPO,募資約530億披索(約8.45億美元),預計10月20日掛牌,基石投資人包括Capital Research與IFC;為東南亞金融科技出場的重要指標案。

GCash owner Mynt prices Philippine IPO at 6.6 pesos per share

Mynt, parent of Philippine e-wallet GCash, priced its IPO at 6.60 pesos a share to raise about 53B pesos (~$845M), with trading set for Oct. 20 and cornerstones including Capital Research and the IFC, a bellwether exit for Southeast Asian fintech.

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DealStreetAsia2026-09-25

東南亞創投面臨後續輪資金斷層,扣除單一大案上半年募資反降21%

東南亞2026上半年創投募資達72.5億美元,但其中45億美元來自DayOne單一C輪;扣除後實際下滑21%至27.5億美元,A輪中位數也降至800萬美元,中後期資金斷層成為區域生態的結構性問題。

SE Asia venture capital grapples with structural gap in follow-on funding

Southeast Asian startups raised $7.25B in H1 2026, but $4.5B came from DayOne's single Series C; excluding it, funding fell 21% to $2.75B and median Series A size dropped to $8M, exposing a structural gap in growth-stage capital.

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TechCrunch2026-09-24

Lightspeed募集2.5億美元新印度基金,聚焦早期AI

Lightspeed為第五期印度基金募集2.5億美元、已取得八成承諾,鎖定印度與東南亞早期AI新創;規模僅2022年前一期5億美元的一半,反映亞洲創投轉向更精實、重視個案品質的布局。

Lightspeed targets $250M for new India fund, focusing on early-stage AI

Lightspeed is raising $250M for its fifth India fund, with 80% already committed, to back early-stage AI startups in India and Southeast Asia; the fund is half the size of its $500M 2022 predecessor, signaling a leaner, more selective approach.

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台灣創投

Meet創業小聚2026-09-23

FunNow 獲和泰汽車 1,000 萬美元 C 輪投資,攜手首攻日本市場

即時預訂平台 FunNow 完成約新台幣 3.18 億元 C 輪,將與和泰旗下旅遊平台 chicTrip 整合服務,資金用於海外擴張與 AI 研發;公司已於 7 月簽署上市輔導。

FunNow raises $10M Series C from Hotai Motor, targeting Japan

Instant-booking platform FunNow closed a ~NT$318M Series C from Hotai Motor, integrating with Hotai's chicTrip travel platform to expand into Japan and invest in AI; it entered IPO counseling in July.

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Meet創業小聚2026-09-24

第四屆渣打女力創業獎揭曉,長者送餐平台奪冠

由渣打銀行、立人社會福利基金會與 Impact Hub Taipei 合辦,前三名為長者送餐照護、心輔犬訓練與 AI 量身內衣平台;計畫自 2023 年起已培育近 120 家女性創業團隊。

Standard Chartered Women Entrepreneurship Award names its fourth-cohort winners

Co-run by Standard Chartered, the Lih Jen Foundation and Impact Hub Taipei, the award's top three were an elder meal-delivery platform, a service-dog team and an AI fit-tech brand; nearly 120 women-led teams have been trained since 2023.

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Meet創業小聚2026-09-24

LANDED 以 12 個月加速計畫,協助台灣新創落地美國

紐約台裔創業者黃聖安創辦的 LANDED 採「市場驗證、營收、募資」三階段,自 2025 年起已輔導 9 家新創,其中保險科技 Qlo 入選 YC 2026 夏季梯次。

LANDED's 12-month program helps Taiwanese startups land in the US

Founded by New York-based Taiwanese entrepreneur Huang Sheng-an, LANDED runs a three-phase program (validation, revenue, fundraising) and has backed nine startups since 2025, including YC S26 insurtech Qlo.

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中央社2026-09-30

2026台灣新創投資趨勢年報:去年投資額27.74億美元,AI與半導體創新高

經濟部中小及新創企業署發布年報,2025年台灣新創投資共555件、27.74億美元;AI募資5.69億美元、年增近八成,半導體4.42億美元亦增逾七成,顯示資金高度集中於AI與晶片賽道。

Taiwan Startup Investment Hit US$2.774B in 2025 as AI and Chips Set Records

MOEA's SME and startup agency reported 555 deals worth US$2.774B in 2025, with AI startups raising US$569M (up ~80%) and semiconductors US$442M (up 70%+), showing capital concentrating in AI and chips.

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Meet創業小聚2026-09-30

晶智達完成3.4億元增資押注AI光通訊,達盈領投、國發基金跟投

VCSEL雷射廠晶智達完成新台幣3.4億元增資,由達盈領投、國發基金與光通訊策略投資人跟投,資金將擴充研發與測試能量,搶攻AI算力晶片間高速光互連,最快2027至2028年小量生產。

iReach Raises NT$340M for AI Optical Interconnect, with National Development Fund Joining

VCSEL maker iReach closed a NT$340M round led by Da-Ying, joined by the National Development Fund and optical-comms strategic investors, to expand R&D and testing for AI chip-to-chip optical interconnects, targeting small-volume output in 2027-28.

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經濟日報2026-09-22

稜研科技轉創新板掛牌,首日上漲逾16%

毫米波新創稜研科技(7812)9月22日由興櫃轉台灣創新板上市,承銷價60元、首日收70元,漲幅逾16%,為衛星、國防等非紅供應鏈新創走向資本市場的指標案例。

TMYTEK Debuts on Taiwan Innovation Board, Gains Over 16% on First Day

Millimeter-wave startup TMYTEK (7812) moved from the emerging market to the Taiwan Innovation Board on Sept 22, closing at NT$70 versus a NT$60 offer price, a 16%+ gain and a marker for satellite and defense startups reaching public markets.

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經濟日報2026-09-29

金管會、國發會「創新大步計畫」TiBOOST延長徵件至10月5日

由金管會與國發會指導、證交所主辦的TiBOOST創新大步計畫,截至9月29日已收逾百件申請、約半數來自19國的海外團隊,徵件延至10月5日,旨在為AI新創串接資金與產業資源。

FSC-NDC TiBOOST Program for AI Startups Extends Application Deadline to Oct 5

The TiBOOST program, backed by the FSC and NDC and run by TWSE, drew 100+ applications by Sept 29, about half from 19 countries abroad, and extended its deadline to Oct 5 to link AI startups with capital and industry partners.

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經濟日報2026-09-28

鴻海董事長劉揚偉公開五大準則,揭露集團新創投資成績

劉揚偉以產業時機、團隊執行力、策略綜效、可溝通性與投後退場規劃五準則篩選新創;鴻海2019年以來直接策略投資33家、20家成功,旗下五支基金投資594家、321家成功,並設三年檢視機制。

Foxconn Chairman Young Liu Lays Out Five Criteria for Startup Investing

Young Liu said Foxconn screens startups on timing, execution, synergy, explainability and exit planning; since 2019 its direct strategic bets show 20 successes out of 33, while its five funds count 321 out of 594, under a three-year review rule.

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國家發展委員會2026-09-28

國發會矽谷設首個海外攬才據點,Taiwan Demo Day 12家新創登場

國發會在矽谷新創基地設立Talent Taiwan首個海外辦公室,同期攬才活動吸引逾3,000人、14家台企參與,另有12家新創於Demo Day登場,強化國際人才與資金鏈結。

NDC Opens First Overseas Talent Office in Silicon Valley, 12 Startups Pitch at Taiwan Demo Day

The NDC opened Talent Taiwan's first overseas office inside its Startup Island TAIWAN Silicon Valley hub; a parallel Career Day drew 3,000+ attendees and 14 Taiwanese firms, while 12 startups pitched at Taiwan Demo Day.

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家族辦公室

Citi Wealth / Taiwan News2026-09-22

花旗:亞太家族辦公室直接投資與 AI 布局領先全球

花旗 2026 全球家族辦公室報告亞太篇顯示,79% 參與直接投資、80% 將 AI 列為主要布局產業,均居全球之冠;26% 今年以來報酬逾 15%。

Citi: Asia-Pacific family offices lead in direct investing and AI

Citi's 2026 survey found 79% of APAC family offices invest directly and 80% name AI a primary sector focus, both the highest globally; 26% report YTD returns above 15%.

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TMF Group / PR Newswire2026-09-24

TMF Group:家辦轉向多司法管轄區布局,新加坡、香港受矚目

僅 31% 家辦以接近投資資產為選址首要考量,政治與經濟穩定各占 23%;多數家辦不再整體遷移,而是隨業務擴張增設據點,新加坡與香港皆為區域樞紐。

TMF Group: family offices rethink how they choose jurisdictions

Only 31% of family offices pick a jurisdiction mainly for proximity to assets, with political and economic stability at 23% each; most now add jurisdictions rather than relocate, with Singapore and Hong Kong as key hubs.

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Bloomberg2026-09-25

凱雷延攬兩位高階主管,擴大家族辦公室業務

凱雷延攬 David Seeberan 出任全球家族辦公室部門主管、前貝萊德的 Victoria Matthews 負責歐洲與亞洲,呼應其 2028 年前向高資產客群募集逾 2,000 億美元的目標。

Carlyle hires two executives to lead its family office business

Carlyle named David Seeberan global head of its family office group and ex-BlackRock Victoria Matthews to lead Europe and Asia, supporting its goal of raising $200B+ from private wealth by 2028.

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Family Wealth Report2026-09-29

RBC與Campden北美家辦報告:流動性受困、家族與非家族高管薪酬落差擴大

RBC與Campden Wealth調查155家北美家辦:近半私募基金投資人未能如期退出;非家族CEO年薪72.1萬美元,遠高於家族CEO的46萬美元,凸顯流動性與人才定價成治理焦點。

RBC–Campden North America Family Office Report flags liquidity squeeze and pay gap

RBC and Campden Wealth's survey of 155 North American family offices found nearly half of private-fund investors could not exit as planned, while non-family CEOs earn $721,000 versus $460,000 for family CEOs, putting liquidity and talent pricing at the center of family office governance.

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Asian Private Banker2026-09-24

新加坡MAS單一家辦新框架上路,聯合家辦執行長:外部資產管理機構被推向2,000萬星元以下市場

管理約14億美元的Rockstead Capital執行長Lester Tay指出,MAS簡化單一家辦設立的新框架有利私人銀行,恐將精品型外部資產管理機構擠向2,000萬星元以下客群。

MAS SFO framework tilts field to private banks, pushing EAMs to sub-S$20m market, says MFO chief

The CEO of Rockstead Capital, a multi-family office with about US$1.4bn in assets, said requirements in MAS's streamlined single-family office framework favour private banks and could push boutique external asset managers toward families with under S$20m.

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經濟日報2026-09-30

家族傳承服務 成國銀競爭下個戰場

AI產業鏈帶動企業主財富擴張,公股銀行轉攻億元級高資產客群;兆豐銀高資產客戶達2,232戶、年增19%,管理資產逾2,640億元、年增25%,並以「投資、融資、傳承」為主軸,家族傳承成財管新戰場。

Family succession services become Taiwan state-run banks' next battleground

With AI supply-chain wealth swelling, Taiwan's state-run banks are chasing ultra-wealthy clients; Mega Bank's high-net-worth clients rose 19% to 2,232 with AUM above NT$264bn (+25%), as it builds around investment, financing and succession.

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Yahoo Finance (PR Newswire)2026-09-29

Northwestern Mutual推出家族辦公室服務,鎖定淨資產5,000萬美元以上客群

美國Northwestern Mutual推出整合法律、稅務、投資、慈善與傳承規劃的家族辦公室服務,門檻為淨資產5,000萬美元,由40餘名內部專家支援顧問;反映大型金融機構加速將家辦能力產品化。

Northwestern Mutual launches Family Office Services for $50m-plus clients

Northwestern Mutual rolled out Family Office Services combining legal, tax, investment, philanthropy and legacy planning for clients worth at least $50m, backed by 40-plus in-house specialists, as large firms productise family office capabilities.

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Summit Partners2026-09-30

Wealth Enhancement併購RWA Wealth Partners,強化超高資產家族辦公室服務

Wealth Enhancement將收購客戶資產約224.6億美元的RWA Wealth Partners,合併後逾1,871億美元,藉其信託、遺產規劃與家族治理能力補強超高資產客群服務。

Wealth Enhancement to acquire RWA Wealth Partners, bolstering UHNW family office offering

Wealth Enhancement agreed to buy Boston-based RWA Wealth Partners, with about $22.46bn in client assets, lifting combined assets above $187.1bn and adding trust, estate and family governance expertise for its $25m-plus client tier.

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Family Wealth Report2026-09-24

Americana Partners成立聯合家族辦公室業務

管理資產121億美元的Americana Partners成立聯合家族辦公室部門,整合今年收購的NRT Consulting會計能力,服務美國與拉美超高資產家族的跨世代規劃需求。

Americana Partners launches multi-family office business

Americana Partners, with $12.1bn in assets, launched a multi-family office unit led by Matt Celenza, folding in accounting capabilities from its 2026 NRT Consulting acquisition to serve US and Latin American UHNW families needing coordinated multigenerational planning.

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