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HSBC Innovation Banking

SVB UK reborn on HSBC's global balance sheet.

Fund FinanceFirmGlobal
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Target market
VC and growth funds in the UK, US, Israel and Asia
Geography
Global

Overview

HSBC Innovation Banking was formed when HSBC acquired Silicon Valley Bank's UK arm in March 2023 and relaunched it as a dedicated innovation-economy franchise spanning the UK, US, Israel and Asia. For fund managers it provides capital-call facilities, GP banking and venture debt, with the stability of one of the world's largest banks behind it.

Key facts

  • Built from HSBC's March 2023 acquisition of SVB UK
  • Relaunched as HSBC Innovation Banking in June 2023
  • Fund banking teams across the UK, US, Israel and Asia
  • Pairs fund facilities with startup venture debt

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