HSBC launches HSBC Ventures
HSBC Group announced the launch of HSBC Ventures, a new US-based business that will provide flexible capital to growth-oriented businesses around the world, furthering their innovation and expansion objectives. As part of this initiative, $100 million will be reserved for partners and clients who are developing climatetech solutions and supporting a net-zero global economy.
Venture growth finance provides loans designed for early-stage, high-growth companies with venture capital backing, which can help companies extend their funding runway to their next equity raise, be more agile with investments or acquisitions, and provide a safety net for unforeseen events. HSBC Ventures customers will be able to leverage the full resources of the bank, which includes an international footprint, a comprehensive set of commercial and investment banking products and decades of experience supporting early stage, growth stage, pre-IPO and public companies.
“As the leading international bank for technology-led startups around the world, HSBC’s Ventures naturally extends our global focus on technology financing by supporting fast-paced growth enterprises with comprehensive banking products.” – Martin Richards, president of HSBC Ventures and global head of sustainable finance – commercial banking.
“We are excited to be a transformative partner to startups around the world in need of funding to scale their operations, whether that be through sales, marketing, inventory or acquisitions.” – Prasant Chunduru, global head of venture growth finance.
HSBC Ventures is seeking partnerships with innovative, market-leading startups that have strong venture capital backing and are looking to scale internationally.