# HSBC: portfolio, investments and team

> HSBC is a growth equity based in United Kingdom. 233 investments on record, 65 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/hsbc (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Investor](https://millionrounds.com/investors)

# HSBC

Last cheque observed Oct 2026; 233 cheques on record.

Email

Deploying now Growth equity

Debt Venture Series A Financial Services Finance

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Deploying now

**90%** of best year **65** **cheques in 12 months**, 233 on record

Since the last cheque **26** days **00** hrs **00** min **00** sec

Median round **$45M** Rounds led **3 of 233** Sole investor **35 rounds** Exits **1 from the portfolio** Mostly in **United States, 28%**

Pitch HSBC

## HSBC highlights

- 01 65 cheques in the last 12 months
- 02 Mostly Debt and Venture: 79% of its rounds
- 03 Sole investor in 35 rounds, median $10M
- 04 1 exits from the portfolio

## What they do

- **Type:** Growth equity (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Financial Services Finance
- **Based in:** United Kingdom
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **233 appearances**

- **2026** 48 rounds
- **Oct** **[IPID](https://millionrounds.com/company/ipid)** Series A · SG · Firms' own news pages **$16M** With 5 others
- **Sept** **[Bending Spoons](https://millionrounds.com/company/bending-spoons)** IT **$295M** With 3 others
- **Sept** **[International Payments Identity](https://millionrounds.com/company/international-payments-identity)** Series A · SG **$16M** With 4 others
- **Sept** **[Carro](https://millionrounds.com/company/carro)** Venture · US **Undisclosed** With 4 others
- **Sept** **[Finloop](https://millionrounds.com/company/finloop)** Series A · HK **$10M** With 1 other
- **Sept** **[FundPark](https://millionrounds.com/company/fundpark)** Debt · HK **$250M** With 3 others
- **Jul** **[Nexu](https://millionrounds.com/company/nexu)** Debt · MX · LatamList **$143M** With 6 others
- **Jul** **[Elliptic](https://millionrounds.com/company/elliptic)** Series D · GB · Firms' own news pages **$120M** With 7 others
- **Jul** **[ACCURE Battery Intelligence](https://millionrounds.com/company/accure-battery-intelligence)** Venture · DE **$16M** With 3 others
- **Jun** **[TechBBQ](https://millionrounds.com/company/techbbq)** Grant · DK · TechCabal **$612K** With 1 other
- **Jun** **[Clip](https://millionrounds.com/company/clip)** MX · LatamList **$500M** With 6 others
- **Jun** **[Digital Asset](https://millionrounds.com/company/digital-asset)** Series F · US · SC Ventures **$355M** With 28 others
- **Jun** **[Cirata](https://millionrounds.com/company/cirata)** US **$6.7M** Sole investor
- **Jun** **[esVolta](https://millionrounds.com/company/esvolta)** Debt · US **$250M** With 1 other
- **Jun** **[Clenera](https://millionrounds.com/company/clenera)** Debt · US **$2.6B** With 3 others
- **Jun** **[Matrix Renewables](https://millionrounds.com/company/matrix-renewables)** Debt · ES **$970M** With 4 others
- **Jun** **[Epos Now](https://millionrounds.com/company/epos-now)** Debt · GB **$74M** With 1 other
- **May** **[Bright Night](https://millionrounds.com/company/bright-night)** Venture · US **Undisclosed** With 1 other
- **May** **[Atome](https://millionrounds.com/company/atome)** Venture · SG **$149M** With 2 others
- **May** **[Princeton Digital Group](https://millionrounds.com/company/princeton-digital-group)** Debt · SG **$456M** With 3 others
- **May** **[Castore](https://millionrounds.com/company/castore)** Debt · GB **$122M** With 2 others
- **Apr** **[Vamos](https://millionrounds.com/company/vamos)** Debt · BR **$20M** With 4 others
- **Apr** **[HQLAx](https://millionrounds.com/company/hqlax)** Venture · LU **Undisclosed** With 3 others
- **Mar** **[Mistral AI](https://millionrounds.com/company/mistral-ai)** Debt · FR · Firms' own news pages **$830M** With 6 others
- **Mar** **[Origin](https://millionrounds.com/company/origin)** Series A · GB · Ventureburn **$30M** With 2 others
- **Mar** **[Candex](https://millionrounds.com/company/candex)** Series C · US · Crunchbase News **$40M** *Led*
- **Mar** **[Clenera](https://millionrounds.com/company/clenera)** Debt · US **$304M** With 3 others
- **Mar** **[Assured Data Protection](https://millionrounds.com/company/assured-data-protection)** Venture · GB **Undisclosed** With 1 other
- **Mar** **[Coppa Collective](https://millionrounds.com/company/coppa-collective)** Debt · GB **$20M** With 1 other
- **Mar** **[Yoto](https://millionrounds.com/company/yoto)** Venture · GB **Undisclosed** With 4 others
- **Mar** **[Candex](https://millionrounds.com/company/candex)** Series C · US **$7.0M** With 5 others
- **Mar** **[Doral Renewables](https://millionrounds.com/company/doral-renewables)** Debt · US **$525M** Sole investor
- **Mar** **[Greater Good Health](https://millionrounds.com/company/greater-good-health)** Debt · US **$13M** With 3 others
- **Feb** **[Kavak](https://millionrounds.com/company/kavak)** Series F · MX · Contxto **$300M** With 11 others
- **Feb** **[Optima Health](https://millionrounds.com/company/optima-health)** Debt · GB **$137M** With 1 other
- **Feb** **[National Bank for Financing Infrastructure and Development](https://millionrounds.com/company/national-bank-for-financing-infrastructure-and-development)** Debt **$125M** Sole investor
- **Feb** **[Wonder](https://millionrounds.com/company/wonder)** Debt · HK **$12M** Sole investor
- **Feb** **[Proxymity](https://millionrounds.com/company/proxymity)** Venture · GB **Undisclosed** With 3 others
- **Feb** **[Yazen](https://millionrounds.com/company/yazen)** Debt · SE **$7.7M** Sole investor
- **Feb** **[OSTTRA](https://millionrounds.com/company/osttra)** Secondary · GB **$100M** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **29** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**11+** funds on file numbered funds in its name

Who backs their funds

## 1 LP on record in HSBC's funds

- **Committed:** $50M
- **Funds:** 1
- **Vintages:** 1997

The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Sept 2025.

- [**Oregon Public Employees Retirement Fund** 1 fund *$50M*](https://millionrounds.com/fund/oregon-public-employees) Fund Vintage Committed HSBC Private Equity Fund II 1997 $50M

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Better Place](https://millionrounds.com/company/better-place)** Bought by Sunrise Group **$12M** Jul 2013

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Debt Venture Series A

Median round joined **$45M** the round, not its cheque Alone, median **$10M**

Led 3 of 233 rounds **1%**

- **Sole investor:** 35 rounds
- **Last cheque:** Oct 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Debt *101*
- Venture *42*
- Series A *15*
- Series C *13*
- Series B *10*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [HSBC UK](https://millionrounds.com/fund/hsbc-uk) 24
- [BNP Paribas](https://millionrounds.com/fund/bnp-paribas) 23
- [Citibank](https://millionrounds.com/fund/citi) 19
- [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) 13
- [Barclays Ventures](https://millionrounds.com/fund/barclays-ventures) 11
- [Societe Generale](https://millionrounds.com/fund/societe-generale-2) 11

**Pitching HSBC?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as HSBC. A count of rooms they were both in, not a relationship either has claimed.

[**HSBC UK** Investment firm **24** rounds together](https://millionrounds.com/fund/hsbc-uk)[**BNP Paribas** VC firm **23** rounds together](https://millionrounds.com/fund/bnp-paribas)[**Citibank** Growth equity **19** rounds together](https://millionrounds.com/fund/citi)[**Goldman Sachs** Private equity **13** rounds together](https://millionrounds.com/fund/goldman-sachs)[**Barclays Ventures** Corporate VC **11** rounds together](https://millionrounds.com/fund/barclays-ventures)[**Societe Generale** Corporate VC **11** rounds together](https://millionrounds.com/fund/societe-generale-2)[**Deutsche Bank** Corporate VC **10** rounds together](https://millionrounds.com/fund/deutsche-bank)[**Bank of America** Company **9** rounds together](https://millionrounds.com/fund/bank-of-america)[**Endeavor Catalyst** Corporate VC **9** rounds together](https://millionrounds.com/fund/endeavor-catalyst)[**JP Morgan** Investment bank **9** rounds together](https://millionrounds.com/fund/jpmorgan)[**MUFG Bank** Investment firm **8** rounds together](https://millionrounds.com/fund/mufg-bank)[**Santander** VC firm **7** rounds together](https://millionrounds.com/fund/santander)

## Recently backed

The latest companies HSBC put money into.

[**IPID** $16M · Oct 2026](https://millionrounds.com/company/ipid)[**Bending Spoons** $295M · Sept 2026](https://millionrounds.com/company/bending-spoons)[**Carro** Sept 2026](https://millionrounds.com/company/carro)[**Finloop** $10M · Sept 2026](https://millionrounds.com/company/finloop)[**FundPark** $250M · Sept 2026](https://millionrounds.com/company/fundpark)[**Nexu** $143M · Jul 2026](https://millionrounds.com/company/nexu)

## On podcasts

6 episodes naming HSBC in the title, and 4 more that mention it.

- [Fintech Insider](https://millionrounds.com/podcasts/fintech-insider) 10 Aug 2026 · 55 min 1088. News: Visa bets $2.4bn for BioCatch, InvestiFi raises $20m, and HSBC pulls back in Australia Mentions [HSBC](https://millionrounds.com/fund/hsbc) Apple Podcasts
- [UKTN: The Podcast](https://millionrounds.com/podcasts/uktn) 29 Jun 2026 · 29 min I have the best job in the City, working with clients changing the lives of millions - Emily Turner, CEO, HSBC Innovation Banking Mentions [HSBC](https://millionrounds.com/fund/hsbc) Apple PodcastsShow page
- [The On Call with Insignia](https://millionrounds.com/podcasts/on-call-insignia) 25 May 2026 · 18 min Jonathan Yip, Head of Innovation Banking, Asia at HSBC on the Future of Innovation Capital and CFOs With [Jonathan Yip](https://millionrounds.com/person/jonathan-yip) Mentions [HSBC](https://millionrounds.com/fund/hsbc) Apple PodcastsShow page
- [Fintech Insider](https://millionrounds.com/podcasts/fintech-insider) 4 May 2026 · 59 min 1060. News: NatWest, HSBC & Lloyds face new rules, Adyen drops €750m and Revolut steps into the real world Mentions [HSBC](https://millionrounds.com/fund/hsbc)[Tenity](https://millionrounds.com/fund/tenity) Apple Podcasts
- [Fintech Insider](https://millionrounds.com/podcasts/fintech-insider) 5 Mar 2026 · 43 min 1043. Insights: Inside HSBC Innovation Banking UK’s future with CEO Emily Turner Mentions [HSBC](https://millionrounds.com/fund/hsbc)[Citi Ventures](https://millionrounds.com/fund/citi-ventures) Apple Podcasts
- [Fintech Insider](https://millionrounds.com/podcasts/fintech-insider) 3 Mar 2025 · 1h 3m 941. News: NatWest Boxed lands The AA, Affirm teams up with Shopify, and HSBC backs Clearscore Mentions [HSBC](https://millionrounds.com/fund/hsbc)[Tom Bentley](https://millionrounds.com/person/tom-bentley) Apple Podcasts

### Mentioned in

- [Startup Europe](https://millionrounds.com/podcasts/sifted) 16 Oct 2026 · 38 min Harry Stebbings on 996 regrets, political ambitions and building a personal brand Apple Podcasts
- [Fintech Insider](https://millionrounds.com/podcasts/fintech-insider) 12 Oct 2026 · 1h 4m 1106. News: ASOS hit by cyberattack, UK finance eyes tokenisation, and can open banking help tackle credit exclusion? Apple Podcasts
- [Startup Europe](https://millionrounds.com/podcasts/sifted) 11 Sept 2026 · 21 min Is Mistral's monster fundraise a win for European sovereignty? Apple Podcasts
- [Startup Europe](https://millionrounds.com/podcasts/sifted) 30 Jul 2026 · 12 min VCs are taking on operator roles. Why? Apple Podcasts

## Quick answers about HSBC

### What does HSBC invest in?

HSBC invests most often at Debt and Venture (79% of the rounds on record), in sectors such as Financial Services and Finance.

### How active is HSBC?

233 investments on record, 65 of them in the last 12 months, and it led 3. The most recent was in Oct 2026.

### What has HSBC invested in recently?

Its most recent investments on record: IPID (Series A, Oct 2026), Bending Spoons (Undisclosed round, Sept 2026) and International Payments Identity (Series A, Sept 2026).

### How big are HSBC's cheques?

The median round it joins is $45M.

### Does HSBC lead rounds?

Sometimes: it led 3 of its 233 investments on record (1%).

### Where does HSBC invest?

Most of the companies it backs are in the United States (28%), the United Kingdom (26%) and Singapore (10%).

### Is HSBC investing now?

Yes: it is actively investing, with 65 investments in the last 12 months.

### Who does HSBC invest alongside?

Most often HSBC UK (24 rounds together), BNP Paribas (23 rounds together) and Citibank (19 rounds together).

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