Hanover Technology Investment Management

Hanover Technology Investment Management specializes in investing in transformative early-stage technology companies that are in their initial growth phases. The firm focuses on identifying and supporting innovative startups with the potential to make significant impacts in their respective markets. By providing capital and strategic guidance, Hanover aims to foster the development of these companies, helping them navigate the challenges of early-stage growth and positioning them for long-term success.

Allison Ball

General Partner

34 past transactions

8Flow

Series A in 2025
8Flow is a developer of an enterprise-grade self-learning workflow automation platform designed to analyze and automate customer support workflows. The platform focuses on understanding the actions of individual agents as they resolve tickets and utilizes task mining to identify opportunities for automation. It generates solutions for repetitive tasks across various systems, including ticketing systems, business applications, spreadsheets, customer order databases, and customer relationship management platforms. By enabling clients to automate essential business functions such as finance for invoice processing and sales and operations for inventory management, 8Flow enhances operational efficiency and improves customer support processes.

Gravity

Series A in 2025
Gravity Climate provides a software platform designed for carbon management, specifically tailored for industrial businesses and their supply chain partners. The platform helps companies measure, manage, and reduce their carbon emissions, facilitating a clear and actionable climate strategy. Gravity Climate's tools support decarbonization efforts by streamlining carbon accounting processes and offering insights to advance industrial sustainability goals.

FINNY

Seed Round in 2024
FINNY is an AI prospecting tool that provides technology solutions for financial advisors.

Bedrock Materials

Seed Round in 2024
Bedrock Materials is a manufacturer specializing in sodium-ion battery materials aimed at transforming energy storage solutions. By pioneering innovative materials and production techniques, the company focuses on reducing the cost of electric vehicles through the commercialization of sodium-ion battery technology. Its electrode materials facilitate large-scale battery production, enabling manufacturers to create electric vehicles with extended ranges and reduced overall battery costs. Bedrock Materials is dedicated to advancing sustainable energy storage for a more environmentally friendly future.

Mulberri

Series A in 2023
Mulberri is an innovative business insurance solution specifically designed for Professional Employer Organizations (PEOs) and brokers. The company has developed a platform that streamlines the insurance buying process for clients, brokers, and franchises. Its user-friendly interface automates data gathering, facilitating the sending of quote requests and comparison of offers. The platform also incorporates an AI engine to enhance the monetization of PEOs, providing valuable insights and predictive analytics. By simplifying the complexities of business insurance, Mulberri aims to increase transparency and reduce costs for small to medium-sized businesses, fostering collaboration among PEOs, brokers, and insurance carriers.

Datasaur

Seed Round in 2023
Datasaur, Inc. is a company based in Sunnyvale, California, founded in 2019, that specializes in data labeling solutions for natural language processing tasks. The company offers a machine learning platform that provides ad hoc data labeling tools tailored to clients' specific needs. Datasaur's platform supports various applications, including contract summarization, customer service call transcript analysis, invoice understanding, product review evaluation, and fake news detection. It allows teams to collaborate on projects, facilitating multiple users to work together while utilizing a specialized review tool to identify discrepancies among team members. Additionally, Datasaur incorporates built-in intelligence to catch errors, ensuring higher accuracy in the data labeling process.

8Flow

Seed Round in 2023
8Flow is a developer of an enterprise-grade self-learning workflow automation platform designed to analyze and automate customer support workflows. The platform focuses on understanding the actions of individual agents as they resolve tickets and utilizes task mining to identify opportunities for automation. It generates solutions for repetitive tasks across various systems, including ticketing systems, business applications, spreadsheets, customer order databases, and customer relationship management platforms. By enabling clients to automate essential business functions such as finance for invoice processing and sales and operations for inventory management, 8Flow enhances operational efficiency and improves customer support processes.

Dagster Labs

Series B in 2023
Dagster Labs is a developer of an open-source data orchestration platform called Dagster. This platform is designed to facilitate the development, production, and observation of data assets, enabling organizations to create productive and scalable data environments. By utilizing a Python library, Dagster allows users to build modern data applications that promote seamless collaboration in processing and producing trusted and reliable data. The platform is engineered to integrate easily with existing tools and infrastructure, enhancing the efficiency and effectiveness of data management for clients.

Triumph

Series A in 2023
Triumph is a gaming monetization platform that specializes in enhancing mobile gaming applications by providing a comprehensive solution for monetization through tournaments. Their platform features a simple one-line code drop-in SDK that allows developers to integrate tournament functionalities into their games. Triumph manages various aspects of the tournament experience, including player matching, payment processing, arbitration, and compliance, ensuring a secure and fair environment for players. The company also incorporates anti-cheating mechanisms and fair matchmaking services, enabling players to wager funds on the outcomes of numerous mobile games confidently.

Ohmium

Series C in 2023
Ohmium is a manufacturer of modular Proton Exchange Membrane (PEM) electrolyzers designed to produce high-purity hydrogen efficiently. The company's innovative electrolyzer technology allows for the stacking of individual units, which reduces installation and maintenance costs while offering flexible deployment configurations. Ohmium's electrolyzers operate by splitting water into hydrogen ions, electrons, and oxygen, facilitating the generation of green hydrogen. This sustainable approach is aimed at supporting clients in maximizing value across various sectors, including industrial, transportation, and energy applications. The proprietary design of their electrolyzer stack technology enables it to maintain a differential pressure across the membrane, ensuring cost-effective and reliable operations.

NovoHydrogen

Seed Round in 2023
NovoHydrogen specializes in providing renewable hydrogen solutions aimed at serving large-scale industrial, transportation, and power sector customers. The company focuses on hydrogen project development, utilizing innovative technologies to produce renewable hydrogen through the splitting of water into hydrogen and oxygen. This process offers a safe, zero-carbon alternative for clients seeking emission-free and cost-effective renewable gas or fuel for their operations. With extensive experience in the energy sector, including the development of solar, wind, and battery storage assets, NovoHydrogen leverages its knowledge to support the energy transition and promote sustainable practices across various industries.

MechaSense

Seed Round in 2023
MechaSense is a manufacturer of patented devices and electrical systems focused on intelligent monitoring for commercial building systems. The company's technology is designed to detect operational issues in HVAC systems, including air conditioners, rooftop AC units, chillers, and boilers. By providing early warnings of potential failures, MechaSense enables businesses and homeowners to proactively address cooling system problems, thereby avoiding significant inconveniences and replacement costs. This approach not only enhances operational efficiency but also saves time and money by preventing critical system failures.

Galvanick

Seed Round in 2022
Galvanick is a developer of a cybersecurity platform specifically designed to secure industrial operations environments. The company offers an Intelligence Augmentation platform that serves as a "cyber-sidekick," enhancing human decision-making in the face of increasing cyber threats. Galvanick's cloud-native analysis platform aggregates telemetry from industrial environments, enabling operators to quickly distinguish between normal and abnormal behavior. By contextualizing critical malicious activities, the platform allows operations and security teams to identify threats rapidly and respond effectively, thereby minimizing cyber risks to industrial infrastructure. This approach ensures that human oversight remains integral to cybersecurity efforts, addressing the growing challenge of securing sensitive assets in a rapidly evolving threat landscape.

Mulberri

Seed Round in 2022
Mulberri is an innovative business insurance solution specifically designed for Professional Employer Organizations (PEOs) and brokers. The company has developed a platform that streamlines the insurance buying process for clients, brokers, and franchises. Its user-friendly interface automates data gathering, facilitating the sending of quote requests and comparison of offers. The platform also incorporates an AI engine to enhance the monetization of PEOs, providing valuable insights and predictive analytics. By simplifying the complexities of business insurance, Mulberri aims to increase transparency and reduce costs for small to medium-sized businesses, fostering collaboration among PEOs, brokers, and insurance carriers.

Passtur

Pre Seed Round in 2022
Passtur is a food manufacturing as a service company focused on developing an innovative food processing and packaging platform. By leveraging advancements in electro-mechanical control, data management, artificial intelligence, and machine learning, Passtur aims to transform traditional food manufacturing practices. The company offers democratized, on-demand direct-to-consumer food packaging services, eliminating the constraints of stock levels and minimum order quantities. This approach allows clients to enhance their cash flow while ensuring access to high-quality food safety packaging solutions. Through its contract manufacturing network, Passtur is positioned to redefine the standards of food manufacturing and packaging in the industry.

KarmaCheck

Series A in 2022
KarmaCheck, Inc., founded in 2018 and based in San Francisco, California, specializes in providing technology-driven background screening services for employment purposes. The company offers a comprehensive suite of services, including criminal checks, employment and education verifications, motor vehicle reports, reference checks, and drug testing. Utilizing an API-first platform, KarmaCheck ensures a mobile-friendly experience for candidates, facilitating rapid and accurate background checks. The integration of artificial intelligence and blockchain technology allows for real-time processing, enabling businesses to streamline their hiring processes, achieve faster turnaround times, and improve employee retention.

Kojo

Series B in 2021
Kojo is a cloud-based construction management software company that provides an all-in-one platform for contractors to manage their material and inventory needs. Founded in 2018 and based in San Francisco, Kojo's system focuses on streamlining materials management and procurement processes, enhancing profitability for construction companies. By integrating various stakeholders, including field teams, procurement, and distributors, Kojo simplifies the supply chain through automation, facilitating the ordering and tracking of materials. This approach enables contractors to ensure timely delivery of materials to job sites, thereby improving operational efficiency.

StageGlass

Pre Seed Round in 2021
StageGlass is a company that specializes in property visualization tools aimed at single-family home builders and interior designers. The firm develops innovative solutions that automate the creation of photography, videography, and 3D tours for residential properties that are still under construction. By enabling the upload of Revit files, AutoCAD files, and construction documents, StageGlass allows clients to visualize designs through accurate virtual tours generated by advanced machine learning algorithms. This technology enhances the marketing and sales processes for incomplete spaces, providing a valuable resource for professionals in the real estate and design industries.

Flatfile

Series A in 2021
Flatfile Inc. is a company that specializes in data onboarding solutions, enabling developers to efficiently validate, map, and import CSV data from various web applications. Founded in 2018 and based in Denver, Colorado, Flatfile offers a platform that integrates seamlessly with software applications, allowing users to upload data through formats such as CSV, XLS, or TSV. Its key products include Portal, which provides an import button embedded via a JavaScript snippet, and Concierge, which creates secure collaborative workspaces for organizations to manage complex data ingestion challenges. The platform is designed to enhance developer productivity, reduce costs, and improve data quality by learning to identify and clean incoming data over time. Numerous companies, including AstraZeneca and Square, utilize Flatfile’s API-first platform to streamline their data import processes.

Kargo

Seed Round in 2021
Kargo is a logistics management company founded in 2019 and based in San Francisco, California. The company focuses on enhancing the efficiency of supply chain processes by bridging the physical and digital aspects of freight management. Kargo offers a loading dock sensor platform that verifies all incoming and outgoing freight, providing real-time data aggregation to help shippers and carriers optimize dock operations, manage supplier transitions, and monitor material flow. By enabling industries such as logistics, automotive, and distribution to gain visibility into shipping and supplier data, Kargo empowers businesses to save time, derive insights, and improve operational decision-making.

Premise Data

Series E in 2021
Premise Data Corporation, established in 2012 and headquartered in San Francisco, specializes in developing a data and analytics platform. This platform, Premise Ground Truth, offers end-to-end data collection, quality assurance, and analysis. It provides insights into price changes, location discovery, retail audits, asset condition monitoring, movement patterns, logistics, risk indicators, and sentiment surveys. Additionally, it facilitates geospatial mapping and infrastructure impact measurement. Premise serves international organizations for investment and policy decisions.

Retool

Series B in 2020
Retool is a developer of a tool-building platform that enables businesses to create custom applications without requiring any programming knowledge. The platform allows users to design interfaces that facilitate the display and manipulation of data efficiently and accurately. By streamlining the development of custom workflows, Retool empowers operational teams to focus on their primary products and expertise, enhancing overall productivity. The company's solution is particularly beneficial for organizations looking to optimize their internal processes and improve data management capabilities.

Tetra Insights

Seed Round in 2020
Tetra Insights, Inc. is a technology company that specializes in optimizing the management and analysis of qualitative data for organizations and researchers. Founded in 2018 and headquartered in Plantation, Florida, Tetra Insights offers a platform that automates the transcription, tagging, and coding of audio and video recordings. This software enables users to upload media files, enrich them with metadata, and prepare them for analysis, facilitating the generation of insights more efficiently. Researchers can annotate and tag recordings, collaborate in real-time, and synthesize findings into comprehensive reports and interactive customer stories. The platform also features a research repository that allows users to search and browse through tagged data, enhancing access to valuable insights. Additionally, Tetra Insights provides services such as panel sourcing, interview moderation, and competitive analysis, supporting organizations in making informed decisions based on customer feedback.

Material Security

Series A in 2020
Material Security is an email security company that focuses on developing data-driven software to safeguard organizational users and their data. Established in response to significant cybersecurity events, the company emphasizes the importance of protecting private information. Material Security utilizes innovative approaches to leverage common tools for understanding and mitigating risks associated with cloud office applications. Its software connects swiftly to analyze risks, detect threats, and automatically investigate incidents, while also engaging end-users in the mitigation process. The company aims to enhance resilience in security, prioritizing simplicity and effectiveness over complex jargon. By collaborating with leading organizations, Material Security strives to ensure the confidentiality and safety of sensitive information across various sectors, including media, finance, technology, and public services.

Flatfile

Seed Round in 2020
Flatfile Inc. is a company that specializes in data onboarding solutions, enabling developers to efficiently validate, map, and import CSV data from various web applications. Founded in 2018 and based in Denver, Colorado, Flatfile offers a platform that integrates seamlessly with software applications, allowing users to upload data through formats such as CSV, XLS, or TSV. Its key products include Portal, which provides an import button embedded via a JavaScript snippet, and Concierge, which creates secure collaborative workspaces for organizations to manage complex data ingestion challenges. The platform is designed to enhance developer productivity, reduce costs, and improve data quality by learning to identify and clean incoming data over time. Numerous companies, including AstraZeneca and Square, utilize Flatfile’s API-first platform to streamline their data import processes.

Cedar.AI

Venture Round in 2020
Cedar.AI is an AI-powered operating and planning software for rail yards.

Reach Security

Seed Round in 2020
Reach Security is a developer of security software that focuses on simplifying security operations for organizations. The company's platform centralizes and automates security tools, allowing security leaders to measure, manage, and enhance the value of their security investments. By providing centralized security data management, Reach Security enables organizations to automate security tasks, prioritize controls, and gain visibility into threats. This approach helps customers improve their overall defensive posture and gain critical insights into their security landscape. Additionally, the platform includes tailored control recommendations and supporting materials that align with specific threat profiles, further assisting organizations in managing their security effectively.

Cardless

Seed Round in 2019
Cardless is a company that offers a platform designed to facilitate integrated credit card experiences for businesses and their customers. Through its services, Cardless enables businesses to launch and manage credit card applications while providing essential features such as application processing, customer support, and account management. The platform allows users to track purchases, make payments, and select rewards, thereby enhancing customer engagement. Additionally, Cardless empowers brands to reward their loyal customers with points redeemable for experiences, merchandise, and exclusive offers, ultimately helping clients manage their financial accounts effectively.

Solugen

Series B in 2019
Solugen, Inc. is a specialty chemicals company based in Houston, Texas, founded in 2016. It focuses on producing industrial chemicals through the application of biotechnology and green chemistry, specifically utilizing plant-derived substitutes to replace petroleum-based products. The company offers a range of products, including BioPeroxide, a carbon-negative hydrogen peroxide, and BioChelate, a biodegradable chelant. Other offerings include ScavSol, a multivalent metal sequestrant for energy applications, ScaleSol, an alternative to phosphonates for scale control, and CorrSol, which addresses corrosion and fouling. Solugen's innovative approach combines fermentation and petrochemical processing along with advancements in synthetic biology and enzymatic technology, enabling it to create environmentally friendly chemicals from bio-based feedstocks. Its solutions cater to diverse industries such as agriculture, cleaning, energy, and water, contributing to reduced costs and lower carbon emissions while promoting sustainability.

Mattermost

Series A in 2019
Mattermost, Inc. is a provider of enterprise-grade messaging software solutions designed for secure collaboration throughout the software development lifecycle. Founded in 2011 and based in Palo Alto, California, Mattermost offers an open-source platform that integrates team communication, task management, and workflow orchestration into a single interface. The platform is used by hundreds of thousands of developers worldwide, facilitating productivity and collaboration across over 800,000 workspaces. Mattermost's solutions include secure and configurable messaging accessible via web, phone, and personal computer, with features such as archiving, search capabilities, and deep integration with in-house systems. The company serves a diverse clientele, including prominent organizations like the European Parliament, NASA, and the United States Air Force, and has garnered support from a wide array of investors.

Sourcegraph

Series A in 2016
Sourcegraph, Inc. is a technology company that specializes in developing a universal code search tool designed to enhance developer productivity and facilitate code change management. Founded in 2013 and headquartered in San Francisco, California, Sourcegraph provides a platform that allows developers to explore and understand code across various repositories and programming languages with contextual intelligence. This capability enables efficient code navigation, exploration, and management of large-scale changes, helping developers to quickly find and fix issues without the frustration of sifting through extensive codebases. Serving a diverse clientele that includes startups, enterprises, and engineering teams, Sourcegraph aims to streamline the coding process, improve code reviews, and simplify onboarding for new hires, ultimately allowing developers to focus on problem-solving rather than code discovery.

Carta

Series A in 2015
Carta, Inc., established in 2012 and headquartered in Palo Alto, California, operates as a SEC-registered transfer agent for private companies. Its core business is an online platform that facilitates electronic management of equity for corporations, involving shareholders, employees, auditors, and legal counsel. The platform offers services such as cap table management, corporate governance, 409A valuations, compliance, and electronic stock issuance. It serves venture-backed small businesses, enterprises, and pre-IPO companies in the United States and internationally. Additionally, Carta aims to simplify private market investments and participation through its platform, fostering growth and transparency in the private capital sector.

Voltra

Voltra builds software systems for energy infrastructure, focusing on creating flexible, interconnected platforms that modernize and decentralize the electrical grid.
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