Overview
Hanover Park, an AI-native fund administrator for private equity and venture capital, has raised $27 million in a Series A funding round led by Emergence Capital, with participation from Lux Capital and Susa Ventures. The company addresses inefficiencies in fund administration, which traditionally relies on outdated methods. Hanover Park's platform integrates software and services, providing real-time insights and accuracy. The firm has grown its assets under administration from $1 billion to $15 billion in the past year, aiming to expand its services further with the new capital.
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Investors: Emergence Capital, Lux Capital, Susa Ventures
Hanover Park, an AI-native fund administrator for private equity and venture capital, has raised $27 million in a Series A funding round led by Emergence Capital, with participation from Lux Capital and Susa Ventures. The company addresses inefficiencies in fund administration, which traditionally relies on outdated methods. Hanover Park's platform integrates software and services, providing real-time insights and accuracy. The firm has grown its assets under administration from $1 billion to $15 billion in the past year, aiming to expand its services further with the new capital.