Hanover Park Raises $27M Series A

Hanover Park, a New York based AI-native fund administrator for private equity and venture capital, has raised $27 million in a Series A funding round. The company is modernizing financial infrastructure for investment firms by replacing traditional, manual administrative workflows with an integrated AI-driven platform.

Investors

The round was led by Emergence Capital, a venture firm known for its early investments in Salesforce and Zoom. Additional participating investors include Lux Capital and Susa Ventures.

Hanover Park Use of Funds

With this capital, Hanover Park plans to expand its product platform and grow its team to support its increasing roster of private equity and venture capital firm clients.

About Hanover Park

Founded to serve the investment industry, Hanover Park offers a vertically integrated platform that combines fund administration, portfolio management, and investor portal functionality. The company leverages AI agents to process financial data and automate manual tasks, while maintaining human oversight through expert fund accountants to ensure accuracy.

Funding Details

Company: Hanover Park
Raised: $27M
Round: Series A
Funding Date: March 18, 2026
Lead Investor: Emergence Capital
Additional Investors: Lux Capital, Susa Ventures
Company Website: https://hanoverpark.com
Software Category: Financial Technology
Source: https://www.globenewswire.com/news-release/2026/03/18/3258626/0/en/hanover-park-raises-27m-series-a-to-replace-the-financial-infrastructure-behind-100-trillion-in-global-assets.html