HSBC’s Sonya Iovieno on undisclosed down rounds, startups trimming headcount and SVB’s collapse
Sonya Iovieno knows European tech’s secrets. As head of venture and growth at HSBC Innovation Banking, where she works with thousands of VCs, startups and scaleups in the UK and Nordics, she has a view on who’s done an undisclosed down round, who’s been trimming headcount and who’s set up a “hunting line” for future acquisitions.And she also knows what it’s like to go through a merger, after her organisation, formerly Silicon Valley Bank UK, was acquired by HSBC for a mere £1 after the dramatic collapse of its US parent company in March.Iovieno joined us this week for a long-form interview on Startup Europe — The Sifted Podcast to share her predictions for 2024 and her experience of the tumultuous weeks of this spring.