
Hanover Technology Investment Management
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
Frequently Asked Questions
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