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March Capital Partners Managing Director Sumant Mandal

Managing Director and Co-Founder, March Capital Partners

THE LATEST: Mandal’s Santa Monica-based venture capital firm celebrated a sophomore milestone in January, successfully closing its second fund after raising $300 million for investments. March Capital also named two new partners to its team the same month.

BACKGROUND: In addition to being co-founder of March Capital Partners, Mandal is the co-founder of two tech incubators: The Hive focuses on artificial intelligence and blockchain startups, and The Fabric concentrates on cloud computing, Internet of Things and network infrastructure companies. Mandal has helped incubate more than 25 companies. He led investments for BillDesk, VeloCloud Networks Inc. and CarTrade.com.

WORTH NOTING: Mandal sits on several boards, including for CarTrade, Astound Inc., Rubicon Project Inc., BillDesk, Io Tium Inc., KMesh Inc. and Xage Security Inc.

YEAR ON THE LA500: 1

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