About the Firm

Hanover has a 20-year record of building energy and cloud businesses from scratch into successful enterprises with winning, no-hype financial profiles and quantitatively driven management.

Our portfolio comprises companies pursuing transformative solutions through defensible technology. We operate two series of funds: one focusing on cloud computing and enterprise software, and another focused on energy and resource technologies.

We are seasoned investor-operators with experience building companies and advising founders. We perform technical and team diligence, and provide value at make-or-break points in a company’s growth. 

Together with our proprietary network of leaders from business and academia, we empower founders to lead effective teams and deploy powerful technology at scale.

Hanover

Value to Founders

We tend to meet sophisticated founders and assess their engineering claims with confidence and speed. Our real work begins only after we make our investment — a claim many investors make, but one on which only the enduring platforms follow through.

At its core, Hanover is about simple machines. We aspire to build companies whose customers realize more output for less input, and at world-class cost. Our core operational values are designed to create and maintain market leadership. They are described here. Some founders need a lot of help. Others don’t. We customize our level of involvement to each company’s need.

Hanover Team
Joseph Malchow
Partner
Joseph Malchow

Joe founded Hanover in 2018. As the founding member of the fund, he is the chairman of the investment committee. He focuses on software and systems, and has extensive experience selecting and supporting early stage companies and founders—and seeing them through to IPO.

Allison Ball
Partner
Allison Ball

Allison joined the partnership in 2020, bringing deep experience operating, growing and advising technology companies. During her time at Facebook, she led teams across operations, partnerships and product, and has successfully led projects across all phases of growth.

Hanover Advisors
T.J. Rodgers
Founder, Cypress Semiconductor
Quality, Engineering
T.J. Rodgers
Arne Ballantine
Founder, Ohmium
Hydrogen, Fuel cells
Arne Ballantine
Raghu Belur
Founder, Enphase Energy
Ecosystem architecture
Raghu Belur
Nick Stork
Founder, Archaea Energy
Gas processing, cost
Nick Stork
Badri Kothandaraman
CEO, Enphase Energy
Quality, Service
Badri Kothandaraman
Ali Keshavarzi
Professor, Stanford University
EE, Software-defined compute
Ali Keshavarzi
Martin Fornage
Founder, Enphase Energy
Power Systems
Martin Fornage
Dave Ranhoff
CCO, Enphase Energy
Sales, Business Development
Dave Ranhoff
Jeff McNeil
Fmr. COO, Enphase Energy
Operations
Jeff McNeil
Andy Klump
Founder, Clean Energy Associates
Policy, Supply Chain
Andy Klump
Nick Santhanam
Fmr. Managing Partner, McKinsey
Operational Transformation
Nick Santhanam
Jon Doochin
CEO Soligent
Distribution, Channel
Jon Doochin
Eric Branderiz
Fmr. CAO, Tesla, Fmr. CFO, Enphase
Financial Controls, R6Q, IR
Eric Branderiz
Brian McCarthy
CCO, Archaea Energy
Partnership economics and project finance
Brian McCarthy
Ashok Lahiri
CTO, Enovix
Battery design
Ashok Lahiri
Ahmad Chatila
Chairman, FTC Solar
Operations
Ahmad Chatila

The best way to reach us is in person or through an introduction. For general inquiries, send us a message through our Contact page.

Hover
Joseph Malchow
HNVR Team
Joseph Malchow
Partner
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Joe is the managing partner of Hanover Technology Investment Management. He focuses on funding, building, and growing technology companies. He is also an occasional contributor to The Wall Street Journal. He has an A.B. from Dartmouth College and a J.D. from Stanford University. He lives in Northern California, and is originally from New Jersey.

A computer programmer since childhood, Joe has been an active investor since 2013, originating equity investments in private technology companies in the Palo Alto-San Francisco corridor. Joe’s work focuses on locating and supporting technical founders in the earliest stages of company growth. A preferred early partner, he has consistently provided the first investment capital to companies that go on to pioneer novel markets in computing and outpace hidebound incumbents. His  investments have an aggregate market cap in excess of $60bn.

In advising companies, he focuses on systems-thinking, company processes and governance, and strategic relationships with key people and organizations. Some representative partnerships include Solugen, Sourcegraph, Flatfile, Retool, RelateIQ, Carta, Enovix, Enphase, Material Security, and Mattermost.

Joe serves on the Board of Directors of Enphase (NASDAQ: ENPH), a global energy technology company building solar, storage, and microgrid technology. At Enphase, Joe has helped lead architectural and systems-level planning for the software undergirding a global transformation to decentralized energy. In 2021, Enphase joined the S&P 500 index. Joe also sits on the board of battery technology Enovix (NASDAQ: ENVX), the first company to commercialize a 100% active silicon anode lithium-ion battery. Joe also served on the board of Archaea (NYSE: LFG), the nation’s largest producer of renewable natural gas, from its IPO to its acquisition by BP in 2022. 

Earlier, Joe cofounded the software company Publir in 2010. Today the company represents the widest-reaching political digital advertising exchange in the U.S. Its platform is trusted by publications from The Atlantic to RealClearPolitics, reaching a total of more than 40 million Americans and many more globally. Publir ads and media properties move minds and markets every day, and represent one of the world’s top-ranked consortia by traffic.

In 2010 Joe created the Next Generation Fellows Program at the Hoover Institution at Stanford; he has hosted discussions there with prominent economists, politicians, and historians.

In 2008 he served as Robert L. Bartley Fellow with The Wall Street Journal, writing extensively on economics and business. His writing has been published in, among others, The Wall Street Journal, National Review, The Far Eastern Economic Review, and the publications of the Manhattan Institute.

Between 2004 and 2008 he drove one of the most innovative reform campaigns in higher education. This extended campaign eventually placed four independent trustees on the Board of Trustees of Dartmouth College in Hanover, New Hampshire, the first Ivy League institution to benefit from such independent directors. The campaign reinstated freedom of speech at Dartmouth.

In 1998 Joe founded JetWare, which created the first mobile applications for students and teachers. JetWare shipped tens of thousands of copies of its software products for the then-nascent Palm OS. The New York Times covered JetWare in 1999.

He serves on the Board of Directors of Teneo Network, Inc., a national non-profit organization; of the National Civic Art Society in Washington, D.C.; and of Lincoln Network in San Francisco, Calif. He is a founding member of the International Affairs Network at the Freeman Spogli Institute at Stanford.

Originally from Scotch Plains, New Jersey, Joe is a 2008 graduate of Dartmouth College, where he was a James O. Freedman Presidential Scholar. He studied at the Law and Business schools of Stanford University, receiving a J.D. in 2013. He lives in Menlo Park, California.