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How I shocked a $2 billion VC fund CFO who was drowning in 400 pages of legal docs:
3 minutes into a @hanover_hq demo this CFO looked sad.
He started sharing his screen with a massive Excel file.
His finance team would painstakingly search 400 pages of legal documents for each financing round to pull:
• Fully diluted ownership %
• Co-investors
• Latest post money valuation
• Legal rights
Then made google drive document links for each value. It was painful and error prone… but important.
I had the biggest smile on my face because I had not showed him our AI Portfolio Management product yet.
We built a 10x better version of his exact painpoint.
= AI extracts ~150 key terms from a closing set to automatically populate and tag the data
The best part?
We don’t charge for it. It’s bundled into the same cost as core fund admin services.
It was a magic moment.
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