Veytics Intelligence
2026-10-01 · CNBC

Billionaire family offices bet on geothermal energy, brain implants in September

A version of this article appeared in CNBC's Inside Wealth newsletter, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Fall is off to a slow start for investment firms of ultra-wealthy families. In September, family offices made 42 direct investments in companies, down from 52 the month prior, according to data provided exclusively to CNBC by Fintrx, a private wealth intelligence platform. However, while family offices are writing fewer checks, they are still making bold bets with startup mega-rounds. In September, Hillspire, the personal investment firm of former Google CEO Eric Schmidt, participated in a three billion euros (about $3.4 billion) Series D for Mistral .

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