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HSBC Innovation Banking
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HSBC Innovation Banking

HSBC banking business serving technology, life-sciences and healthcare companies and their investors.

HSBC Innovation Banking serves technology, life-sciences and healthcare companies alongside the investors that finance them, supporting clients from early fundraising through public-company life.

Last refreshed: 22 October 2026 · Appears in 1 active topic

Key Question

What happened to SVB UK and what is HSBC Innovation Banking doing in 2026?

Timeline for HSBC Innovation Banking

#16 1 Oct

Published Q3 venture figures on Dealroom data

UK Startups and Innovation: UK startups raise $6.1bn in Q3, below Dealroom's pace
View full timeline →

Background

HSBC Innovation Banking is the HSBC Group business serving venture-backed companies and their investors. Its clients work in technology, life sciences and healthcare, with banking support extending from the period before a Series A funding round to life after a public listing. The business serves both companies developing products and the investment firms backing their growth.

Its banking services support those companies’ changing financial needs as they expand. Sector specialists connect clients with HSBC’s international network, which includes Teams in Europe, North America and Asia-Pacific. In the UK, HSBC Innovation Bank Limited trades as HSBC Innovation Banking and operates under the Prudential Regulation Authority and Financial Conduct Authority.

Common Questions
What is HSBC Innovation Banking and is it the same as SVB UK?
HSBC Innovation Banking is the specialist startup banking franchise HSBC created after acquiring Silicon Valley Bank UK for £1 in March 2023. It retained SVB UK's team and focus on tech and venture-backed companies.Source: HSBC
What does HSBC Innovation Banking do with Dealroom?
HSBC Innovation Banking co-publishes quarterly UK VC market data with Dealroom, providing the authoritative benchmark figures for UK venture capital activity by sector and stage.Source: Dealroom / HSBC Innovation Banking
How much UK VC went to AI startups in Q1 2026?
AI startups took 74% of UK VC in Q1 2026, or $5.8bn of $7.8bn total, according to data from Dealroom and HSBC Innovation Banking.Source: Dealroom / HSBC Innovation Banking
How much did UK startups raise in HSBC's Q3 2026 report?
The report, produced with Dealroom, puts UK startup and scaleup funding at $6.1bn.Source: HSBC Innovation Banking
How concentrated was UK funding in large rounds?
Eleven rounds of at least $100m contributed $3.5bn of the quarter's total.Source: HSBC Innovation Banking
How much did UK venture managers raise in Q3 2026?
HSBC Innovation Banking reported $6.9bn raised across 31 new funds.Source: HSBC Innovation Banking
Source Material

Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 22 October 2026. Editorial standards.