HSBC Group has launched 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, $100m 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 unparalleled 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.
It is seeking partnerships with innovative startups that have venture capital backing and are looking to scale internationally.