Hanover Park is an AI-native fund administration and operations platform designed for private equity, venture capital, and institutional investment firms.
It replaces legacy manual accounting workflows and fragmented spreadsheets by combining automated AI processing with human CPA oversight ("AI prepares, expert accountants review").
Automates same-day capital calls, AI-driven cash reconciliation, and unified general ledgers. Extracts data from deal documents, board decks, cap tables, and email updates to monitor portfolio companies and collect KPIs automatically.
Offers limited partner (LP) portals and instant response workflows for investor queries. And acts as an automated teammate to categorize transactions, propose journal entries, process bills, and draft operational emails.
Hanover Park has demonstrated remarkable scaling, growing 20x in the span of 15 months. Administers over $20B+ Assets Under Administration (AUA) across 10,000+ LPs.
And raised a $27M Series A round led by Emergence Capital, with participation from Lux Capital and Susa Ventures.