HSBC Ventures has pledged to back growth-stage climate technology developeres, providing them with the bank’s resources and network as well as capital.
UK-headquartered financial services firm HSBC Group has formed a $100m US-based venture capital vehicle dubbed HSBC Ventures which will back climate and net-zero emission technology developers.
HSBC Ventures’ portfolio companies will have access to its parent firm’s resources, including its global network, commercial and investment banking offerings and experience in supporting startup, scale-up and public companies.
Martin Richards, president of HSBC Ventures and HSBC global head of sustainable finance for commercial banking, said: “As the leading international bank for technology-led…
