SUMANT MANDAL Co-Founder & Managing Partner
Sumant is a Co-Founder & Managing Partner of March Capital. Sumant leads investments in enterprise software companies using various automation technologies such as generative AI, ML, RPA; cloud & data infrastructure; and companies supporting the fast-growing digitization of India. In his two decades of venture capital, Sumant has generated multiple meaningful exits in companies that he has either incubated or been the first institutional investor.
Sumant’s previous exits include CarTrade Tech (NSE: CARTRADE), VeloCloud Networks (acquired by VMware), Magnite (NASDAQ: MGNI), Kosei (acquired by Pinterest), Appcito (acquired by A10 Networks), Deep Forest Media (acquired by Rakuten), Kazeon Systems (acquired by EMC), Mimosa Systems (acquired by Iron Mountain), Ankeena Networks (acquired by Juniper), Cetas (acquired by VMware), Apture (acquired by Google), and Perspica Systems (acquired by Cisco). He currently serves on the Board of Directors of market-leading technology companies BillDesk, Nile, SparkCognition, Uniphore, and Extend.
Additionally, Sumant is co-founder of two leading technology incubators in the San Francisco Bay Area: The Hive, focused on AI and Blockchain driven companies, and The Fabric, focused on cloud, IoT, and network infrastructure companies. He has helped incubate more than 25 companies throughout his career. In 2000, Sumant joined Clearstone Venture Partners and became a Managing Director four years later. Prior to Clearstone, Sumant spent more than eight years as an entrepreneur, starting companies in both India and the United States.
Sumant has an M.B.A. from the Kellogg Graduate School of Management at Northwestern University, and a B.S. in Electrical Engineering from Michigan State University. He is on the Board of the US-India Strategic Partnership Forum (USISPF) and is also a Charter Member of TiE.
Current Investments: BillDesk, Extend, Nile, SparkCognition, Uniphore, Xage Security