The AI-native operating
system for VC
Hanover Park vertically integrates fund administration, portfolio
management and LP experience for finance and investment teams.
The AI-native operating
Trusted by institutional-grade firms
Susa VenturesGoAhead VenturesSteel AtlasHumba VenturesGarage CapitalOptimist VenturesSusa VenturesGoAhead VenturesSteel AtlasHumba VenturesGarage CapitalOptimist Ventures
Susa VenturesGoAhead VenturesSteel AtlasHumba VenturesGarage CapitalOptimist Ventures
One place for the
entire firm
Automated Fund Administration
Designed to deliver premier service without sacrificing speed and real-time data transparency.
- Capital Calls with ILPA templates
- Cash and In-Kind Distributions
- Schedule of Investments Approval Workflows
- Streamlined Audit Support Collection
- Dynamic Partner Allocation Rules
- Automated Financial Reporting with Excel Formulas
- Modern Investor Portal
Recent Transactions
| Amount | Description | Account | Date |
|---|---|---|---|
| $5,000,000 | Initial capital commitment - Fund I | Capital Contribution | 02-01-24 |
| $1,000,000 | Capital Call Notice - Inv. in TechCorp | Prepaid Capital Call | 02-03-24 |
| $12,500,000 | Series A investment - TechCorp Inc | Investment | 02-06-24 |
| $8,750,000 | Follow-on investment - DataFlow Solutions | Investment | 02-09-24 |
| $2,800,000 | Management fee payment for Q1 2024 | Management Fees | 02-12-24 |
| $180,000 | Data subscription - PitchBook | Management Fees | 02-15-24 |
| $750,000 | Legal services for fund setup | Professional Fees Legal | 02-18-24 |
| $2,450,000 | Acme Corp Series B Capital Call | Prepaid Capital Call | 02-21-24 |
Stripe Technologies, Inc.
AI Inbox Analyzer
Key Metrics & Financials
- ARR: $77.8M (22% MoM)
- CAC: $432
- Headcount: 91 FTE
- Negotiating American Airlines contract
Product Updates
- Launched v2 Agentic Commerce
- Launched v1 Stripe Bill Pay
- Closed beta for usage-based billing
$ Cash Balance
-8%
$122M
Current balance
Burn Rate:
$2M/month
Runway:
47 months
AI Inbox Analyzer for Portfolio Updates
Auto-magically extract investor updates and board decks.
AI Portfolio Management
Enrich portfolio data without manual input.
KPI Collection
Automate portfolio data collection.
Centralize Portfolio Data
Ditch disparate SaaS solutions that don't speak to your fund data.
Complete Customizability
Customize templates for different sectors, stages, and fiscal years.
Supercharge Collection
Real-time visibility into submissions with automated reminders.
Burn Multiple Free Cash Flow
Cash in Bank
Burn Rate
Waterfall Modeling
Simulate distributions and unrealized carry liquidation across all partners.
Distribution Modeling
Model distribution and carry calculations across different funds.
Pro Forma Performance
Instantly calculate pro forma DPI and Net IRR.
Complete Auditability
Audit calculation accuracy down to the per partner allocations.
Total Liquidation Value
$138.0M
LP Dist.
$115.4M
GP Carry
$22.6M
Net IRR
54.2%
DPI
4.6x
$25.0M
Return of Capital
$18.0M
Preferred Return
$12.0M
GP Catch-up
$83.0M
Final Split
AI Agents with full
context on your firmAI Agents with full context on your firm
Built for institutional
grade firmsBuilt for institutional-grade firms
"Hanover Park delivers an AI-native operating system for managers alongside a modern LP experience. This coupled with robust security and compliance DNA makes them a compelling next-generation fund administrator for institutional-grade managers."
Top U.S. University Endowment
"As an LP in 100s of funds and 80+ GPs, we've seen many fund administrators. Hanover Park stands out as the first that is AI-native, easy to use, and feature rich. It's a great offering for institutional LPs."
Premier VC Fund of Funds with $2.6B+ AUM
"Hanover Park is not just an A+ fund admin. I can instantly ask an AI assistant for portfolio data such as co-investors and founder email updates. Pure magic."
Chad Byers
General Partner at Susa Ventures
"Hanover Park is setting a new industry standard by offering a next-generation fund administration platform powered by advanced automation, combining enterprise-level safeguards, high-touch client support, and a modern LP experience."
Jenna Francone
Director of Finance at Garage Ventures
"This is the future. Feel lucky to be building a fund in a time where we can take advantage of this."
Cameron Porter
General Partner at Steel Atlas
"We migrated 30+ legal entities from over a decade of operations. It was seamless, easy and ended with a successful audit and tax season."
Kenny Joo
Head of Finance at Susa Ventures
"Hanover Park delivers an AI-native operating system for managers alongside a modern LP experience. This coupled with robust security and compliance DNA makes them a compelling next-generation fund administrator for institutional-grade managers."
Top U.S. University Endowment
"As an LP in 100s of funds and 80+ GPs, we've seen many fund administrators. Hanover Park stands out as the first that is AI-native, easy to use, and feature rich. It's a great offering for institutional LPs."
Premier VC Fund of Funds with $2.6B+ AUM
"Hanover Park is not just an A+ fund admin. I can instantly ask an AI assistant for portfolio data such as co-investors and founder email updates. Pure magic."
Chad Byers
General Partner at Susa Ventures
"Hanover Park is setting a new industry standard by offering a next-generation fund administration platform powered by advanced automation, combining enterprise-level safeguards, high-touch client support, and a modern LP experience."
Jenna Francone
Director of Finance at Garage Ventures
"This is the future. Feel lucky to be building a fund in a time where we can take advantage of this."
Cameron Porter
General Partner at Steel Atlas
"We migrated 30+ legal entities from over a decade of operations. It was seamless, easy and ended with a successful audit and tax season."
Kenny Joo
Head of Finance at Susa Ventures