·S1 E134

Inside Hanover Park: Building an AI-Native Service Business, Growing to $15B in Assets

March 18

1h 11m

Episode Description

Chris Hladczuk is the Co-founder and CEO of Hanover Park, the AI-native fund administrator, vertically integrating fund administration, portfolio management, and LP experience for finance and investment teams.

Chris is the 2nd ever returning guest of the show, and is fresh off announcing Hanover’s $27m Series A. We go inside the round, their explosive growth, why they built their own general ledger from scratch, and how that enabled them to build incredible AI products for investment firms that touch over $100 trillion in assets.

Thanks to Sahil Bloom, and Chad + Pratyush at Susa for help brainstorming topics for this conversation.

Thank you to Numeral and Flex for supporting this episode.

Try Numeral, the end-to-end platform for sales tax and compliance: https://www.numeral.com

Sign-up for Flex Elite with code TURNER, get $1,000: https://form.typeform.com/to/Rx9rTjFz

Timestamps:

(0:37) Financial infrastructure for investment firms

(1:35) Hanover Park’s $27m Series A

(5:30) AI-enabled services businesses

(9:07) Productizing the service layer

(11:30) Helping CFO’s and investors use AI

(13:46) Building a general ledger from scratch

(18:03) Compete against companies with IT departments