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Mar 18, 2026 4:50 PM

Hanover Park Raises $27M Series A to Replace the Financial Infrastructure Behind $100 Trillion in Global Assets

NEW YORK, March 18, 2026 (GLOBE NEWSWIRE) -- Hanover Park, the AI-native fund administrator for private equity and venture capital, today announced a $27 million Series A led by Emergence Capital (the first institutional investor in Salesforce and Zoom), with participation from Lux Capital and Susa Ventures.

Fund administration powers over $100 trillion in global assets, yet the industry still runs on spreadsheets and human duct tape. Data is scattered and stale. Books take weeks to close. Basic questions about your own fund take days to answer. Hanover Park is the first AI-native company attacking this market, combining software and services into one platform rather than selling another SaaS tool that doesn't solve the whole problem.

The ...