# Hanover: portfolio, investments and team

> Hanover is a vc firm based in United States. 2 investments on record, 1 in the last 12 months, latest Apr 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/hanover (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Hanover

Last cheque observed Apr 2026; 2 cheques on record.

Email

VC firm Deploying now Last fund $5.4M, Sept 2024

Pre-seed Seed Series A Energy Data Infrastructure Enterprise Work Automation

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Deploying now

**100%** of best year **1** **cheques in 12 months**, 2 on record

Since the last cheque **206** days **00** hrs **00** min **00** sec

Median round **$15M** Rounds led **1 of 2**

Pitch Hanover

## Hanover highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series A: 100% of its rounds
- 03 Led 1 rounds

## What they do

> Hanover is a venture capital fund that helps founders build foundational technologies into durable businesses that will drive the next turning of the American economy. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Energy Data Infrastructure Enterprise Work Automation
- **Based in:** Menlo Park, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **2 appearances**

- **2026** 1 round
- **Apr** **[Critical Loop](https://millionrounds.com/company/critical-loop)** Series A · US · TechStartups **$26M** *Led*
- **2018** 1 round
- **Oct** **[Lumenari](https://millionrounds.com/company/lumenari)** Series A · US · FinSMEs **$3.0M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **15 named**

BB **Bruce Baird** Executive Officer i Filing they signed

CA **Caleb Aldrich** Executive Officer i Filing they signed

DA **David A. Smolen** Executive Officer i Filing they signed

FL **Fred Lundqvist** Director of Manager and Hanover AEF GP Limited i Filing they signed

GS **Giles Smyth** Partner of Adviser i Filing they signed

JF **Jan Frederik Lundqvist** Partner of Adviser i Filing they signed

JW **Jeremy Westhead** Chief Business Officer and Director of General Partner i Filing they signed

JW **John Woodard** Partner of Adviser i Filing they signed

JI **Joseph Ian Malchow** Member i Form ADV

ML **Martin Laidlaw** Director of Manager and Hanover AEF GP Limited i Filing they signed

MP **Matthew Peacock** Founding Partner of Adviser & Director of Manager and Hanover AEF GP Limited i Filing they signed

PW **Paul-Emile Wai-Kwong Cornet** Director of General Partner i Filing they signed

RA **Richard A. Magnuson** Executive Officer i Filing they signed

TK **Taavi Keith Arthur Keskinen Davies** Director of General Partner i Filing they signed

TR **Tom Russell** Partner of Adviser i Filing they signed

We also hold **13** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$111M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** HNVR Technology Investment Management, LLC
- **SEC number:** CRD 296767

Latest fund on file

**$5.4M**

raised in Sept 2024

From its SEC filing. Nothing newer is on file yet.

## The cheque

Pre-seed Seed Series A

Median round joined **$15M** the round, not its cheque

Led 1 of 2 rounds **50%**

- **Sole investor:** Never alone
- **Last cheque:** Apr 2026

Rounds by stage said on their site

- Series A said *2*
- Pre-seed said *-*
- Seed said *-*
- Series B said *-*
- Growth said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Recently backed

The latest companies Hanover put money into.

[**Critical Loop** $26M · Apr 2026](https://millionrounds.com/company/critical-loop)[**Lumenari** $3.0M · Oct 2018](https://millionrounds.com/company/lumenari)

## Quick answers about Hanover

### What does Hanover invest in?

Hanover invests most often at Series A (100% of the rounds on record), in sectors such as Energy, Data Infrastructure and Enterprise Work Automation.

### How active is Hanover?

2 investments on record, 1 of them in the last 12 months, and it led 1. The most recent was in Apr 2026.

### What has Hanover invested in recently?

Its most recent investments on record: Critical Loop (Series A, Apr 2026) and Lumenari (Series A, Oct 2018).

### How big are Hanover's cheques?

The median round it joins is $15M.

### Is Hanover investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### What kind of investor is Hanover?

Hanover is a VC firm based in Menlo Park, United States.

### How much does Hanover manage?

About $111M, as gross assets of its private funds (Oct 2026).

### Has Hanover raised a new fund?

Its latest fund filing with the SEC was in Sept 2024, reporting $5.4M raised.

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