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Hanover Technology Investment Management

North America, California, United States, Portola Valley

Description

Hanover Technology Investment Management, operating as HNVR, is a venture capital firm based in Portola Valley, California, dedicated to investing in transformative early-stage technology companies. The firm primarily targets Seed and Early Stage Venture rounds, seeking out foundational technologies with the potential to disrupt established industries or create entirely new markets. HNVR's investment philosophy centers on identifying innovative startups poised for significant long-term growth and impact.

HNVR has cultivated a notable portfolio with a strong emphasis on deep technology, particularly within the aerospace, defense, and advanced manufacturing sectors. Their investments include prominent companies such as Varda Space Industries, Hadrian, Astranis, ABL Space Systems, and Relativity Space. The firm has demonstrated a willingness to back capital-intensive ventures from their nascent stages, participating in substantial early funding rounds. For instance, HNVR was an investor in Varda Space Industries' $9 million seed round and Hadrian's $16 million seed round, underscoring their commitment to supporting ambitious, high-potential enterprises.

With a track record of at least 15 investments, HNVR typically deploys initial checks ranging from $250,000 to $3,000,000. This range reflects their focus on providing crucial early capital to companies that often require significant resources for research, development, and scaling complex technologies. The firm aims to be a strategic partner, helping these pioneering companies navigate the critical first stages of growth and development, ultimately contributing to the advancement of cutting-edge technological solutions.

Investor Profile

Hanover Technology Investment Management has backed more than 35 startups, with 4 new investments in the last 12 months alone. The firm has led 3 rounds, about 9% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Canada.
  • Strong thematic focus on Software, Artificial Intelligence (AI), SaaS.
  • Led 1 rounds in the past year.
  • Typical check size: $250K – $3M.

Stage Focus

  • Seed (34%)
  • Series A (31%)
  • Series B (14%)
  • Pre Seed (11%)
  • Series E (3%)
  • Series C (3%)
  • Series Unknown (3%)

Country Focus

  • United States (97%)
  • Canada (3%)

Industry Focus

  • Software
  • Artificial Intelligence (Ai)
  • Saas
  • Machine Learning
  • Enterprise Software
  • Information Technology
  • Cloud Data Services
  • Management Information Systems
  • Analytics
  • Finance
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Hanover Technology Investment Management frequently co-invest with?

Bossa Invest
South America, Sao Paulo, Brazil, São Paulo
Co-Investments: 2
Caffeinated Capital
North America, California, United States, San Francisco
Co-Investments: 4
8VC
North America, California, United States, San Francisco
Co-Investments: 3
Liquid 2 Ventures
North America, California, United States, San Francisco
Co-Investments: 3
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 3
Great Oaks Venture Capital
North America, New York, United States, New York
Co-Investments: 4
Afore Capital
North America, California, United States, San Francisco
Co-Investments: 2
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 3
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 5
Founders Fund
North America, California, United States, San Francisco
Co-Investments: 3

Which angels does Hanover Technology Investment Management often collaborate with?

ZW
North America, New York, United States, New York
Shared Deals: 2
DF
North America, California, United States, Penngrove
Shared Deals: 1
AV
North America, New York, United States, New York
Shared Deals: 2
AF
North America, California, United States, San Francisco
Shared Deals: 1
NF
North America, California, United States, San Francisco
Shared Deals: 2
Dan Romero
North America, California, United States, Los Angeles
Shared Deals: 1
AM
North America, California, United States, Atherton
Shared Deals: 1
AK
North America, California, United States, San Francisco
Shared Deals: 1
BL
North America, California, United States, San Francisco
Shared Deals: 1
NC
North America, United States
Shared Deals: 3

What are some of recent deals done by Hanover Technology Investment Management?

Voltra

Calgary, Alberta, Canada

Voltra builds software systems for energy infrastructure, focusing on creating flexible, interconnected platforms.

SoftwareWeb Development
Pre SeedMay 14, 2025
Amount Raised: $1,800,000
8Flow

Palo Alto, California, United States

8Flow provides AI-driven workflow automation to streamline enterprise processes efficiently.

Artificial Intelligence (AI)Customer ServiceEnterprise SoftwareIT ManagementMachine LearningOutsourcing
Series AApr 10, 2025
Amount Raised: $10,000,000
Gravity

San Francisco, California, United States

Gravity Climate offers a carbon management software platform for industrial businesses and their supply chains.

AppsMobile AppsSoftware
Series AJan 21, 2025
Amount Raised: $13,000,000
FINNY

New York, New York, United States

FINNY is an AI prospecting tool that provides technology solutions for financial advisors.

Artificial Intelligence (AI)ConsultingMachine LearningWealth Management
SeedDec 11, 2024
Amount Raised: $4,300,000
Bedrock Materials

Palo Alto, California, United States

Bedrock Materials is a startup company developing materials and manufacturing procedures for low-cost sodium-ion batteries.

ChemicalManufacturing
SeedMay 16, 2024
Amount Raised: $9,000,000
Mulberri

Sunnyvale, California, United States

Mulberri is the first business insurance solution built for PEOs and brokers.

Business DevelopmentInsurance
Series ADec 7, 2023
Amount Raised: $6,750,000
Datasaur

Sunnyvale, California, United States

Datasaur develops productive tools that design for data labelling needs.

Artificial Intelligence (AI)Data Collection and LabelingInformation TechnologyProductivity Tools
SeedAug 3, 2023
Amount Raised: $4,000,000
8Flow

San Mateo, California, United States

8Flow creates an enterprise-grade self-learning workflow automation platform for analyzing and automating customer support workflows.

Artificial Intelligence (AI)Customer ServiceEnterprise SoftwareIT ManagementMachine Learning
SeedJun 1, 2023
Amount Raised: $6,600,000
Galvanick

Los Angeles, California, United States

Secure industrial operations.

AnalyticsArtificial Intelligence (AI)Cloud SecurityCyber SecurityNetwork SecuritySoftware
SeedJun 1, 2023
Amount Raised: $10,000,000
Dagster Labs

San Francisco, California, United States

Dagster Labs empowers organizations to build a productive and scalable data platform.

Big DataCloud Data ServicesSoftware
Series BMay 24, 2023
Amount Raised: $33,000,000