Hanoverpark
New York City, US · Founded 2024 · 68 employees on LinkedIn · 8 known investors
Hanover Park is an AI-native fund administrator that combines automated services with software for investment firms, handling tasks such as bill processing, evidence collection, investment updates, LP responses, and KPI reconciliation. Its AI agents work from a firm's historical transactions, rules, and fund structure to auto-categorize cash transactions and propose actions across email and accounting workflows.
Also known as Hanover Park · Hanover Technologies, Inc.
Founders & leadership
Hanoverpark was founded in 2024 by Chris Hladczuk.
Investors · 8
Company profile
researched Aug 2026Hanover Park, operated by Hanover Technologies, Inc., provides fund administration for private equity and venture capital managers through a vertically integrated platform that combines software with delivered services. The company built its general ledger, waterfall engine, investor portal and portfolio management layer in-house, positioning the system as a single source of truth for each fund rather than a point SaaS tool layered on top of existing workflows.
The product set spans fund administration (capital calls, AI-reconciled cash, unified general ledgers), portfolio intelligence (analysis of deal documents and cap tables), KPI collection that reconciles values across forms, board decks and email updates, an LP experience layer, and AI agents that users delegate to over email. The platform also addresses more complex accounting requirements including equity pickup, combination, consolidation and ILPA reporting. AI agents read emails, propose journal entries and extract portfolio updates, while expert fund accountants and CPAs review outputs before they are finalized.
Business model
Hanover Park combines software with human-delivered fund administration services, taking end-to-end responsibility for the accounting result rather than licensing tools alone. Its terms of service state that certain services carry fees disclosed at sign-up, with subscription-based account management referenced in its privacy policy.
Fee-based services associated with subscriptions to the platform and fund administration services; fee amounts are presented to customers at the time of sign-up.
Traction
Assets under administration grew from $1 billion to $15 billion in under 12 months as of March 2026. The company reports 90% of cash transactions auto-categorized and 80% of AI email agent actions approved without edits, and lists named venture capital clients including Susa Ventures and Level Ventures.
Latest developments
In March 2026 the company announced its $27 million Series A and stated it would use the capital to expand the platform, grow the team and serve more private equity and venture capital firms. Job listings through July 2026 include a founding design engineer, fund accountants, chief of staff, software engineers, deployment strategist and go-to-market recruiting and sales roles.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Positions itself as the first AI-native entrant in fund administration, an industry the company says supports over $100 trillion in global assets and still relies heavily on spreadsheets and manual processes. Third-party coverage frames it as an alternative to traditional fund administrators such as SS&C Technologies.
Vertical integration of fund administration, portfolio management and the LP portal into one system, with an internally built general ledger and an AI-prepares/humans-verify operating model, rather than bolting AI onto legacy workflows or selling standalone software.
Technology
Purpose-built general ledger, waterfall engine, investor portal and portfolio management layer developed from scratch, with AI agents grounded in a firm's historical transactions, rules and fund structure. Agents read email, propose journal entries, extract invoices and documents, propose schedule of investment updates and reconcile portfolio monitoring data across sources; human fund accountants verify outputs. The company has also referenced an MCP integration.
Go-to-market
Direct sales to fund CFOs and finance teams, supported by customer testimonials, founder-led content and podcast appearances by the CEO; the company has said it plans to use Series A proceeds to expand its platform, grow its team and reach more PE and VC firms.
Private equity and venture capital firms and their finance teams, including fund CFOs, VPs of finance and controllers, as well as limited partners who use the investor portal. Cited users include Level Ventures ($250M AUM), Susa Ventures ($1B AUM), and Steel Atlas, with additional testimonials attributed to a U.S. university endowment and a VC fund of funds with $2.6B+ AUM. The company has described expanding from venture capital into private equity and private credit.
Geography
Headquartered in New York City, United States, with job postings concentrated in New York City.
History
Hanover Park published its terms of service and privacy policy under the entity Hanover Technologies, Inc. in June 2025. It grew assets under administration from $1 billion to $15 billion over the year to March 2026, when it announced a $27 million Series A led by Emergence Capital with Lux Capital and Susa Ventures participating. Through 2026 it was hiring across engineering, fund accounting, design, deployment and go-to-market roles in New York.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 2
launches, deals, and filingsHanover Park announced a $27 million Series A led by Emergence Capital, with participation from Lux Capital and Susa Ventures, to expand its platform and grow its team.
$27M source ↗
Co-founder and CEO Chris Hladczuk appeared on The Peel with Turner Novak to discuss the $27M Series A, building an in-house general ledger, and growth to $15B in assets under administration.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Hanoverparkhanoverpark.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Hanoverpark do?
- Hanover Park is an AI-native fund administrator for private equity and venture capital firms, based in New York.
- Who founded Hanoverpark?
- Hanoverpark was founded by Chris Hladczuk in 2024.
- Who are Hanoverpark's investors?
- Hanoverpark's investors include Backwards Capital, GV (Google Ventures), Harpoon Ventures, SINEWAVE VENTURES, Steel Atlas, Strawberry Creek Ventures, Banana Capital, Susa Ventures.
- Where is Hanoverpark headquartered?
- Hanoverpark is headquartered in New York City, US.