DFX Intelligence

Sumant Mandal

Managing Memberat The Hive· CA

As of 2026-09-27 · this person's identity; each section below carries its own date

Current roles: 7
Investments attributed: 3
Board seats: 3

Ask DFX about this View relationships Find contacts Investments Board seats

As of 2026-09-27 · this person's identity; each section below carries its own date

6 additional roles and seats

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

1 deal
12 months
1 investment attributed in the last 12 months; latest Xage Security round on 18 Mar 2026.
A partner with a recent deal is actively writing cheques now.
Factfunding announcements and Form D naming the personFor Founders, co-investorsInvestments →
3 boards
seats on record
Sits on 3 boards on record, the latest Xage Security on 18 Mar 2026.
Board seats show where this partner holds governance, not only a cheque.
InferenceForm D directors and board-seat attributionsFor Founders, co-investorsBoard seats →

Relationship network

14 connected entities3 observed investment recordsinvestment records 2009 to 2026

From the roles sources name this person in, the investments a source attributes to them, and the boards and funds Form D names them on.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the investment records and sources behind it. Line weight is investment records together; dashed lines are inferred.

Reading the network

Organization
Company
Fund or vehicle

Venture relationships are not scored. Each line names its claim: a round led or joined, a board seat or a filing that names the firm, a listing on a portfolio page (dated by when DFX saw it, never by when the investment was made), a disclosed LP commitment, or a co-investor pair counted from observed participations. Observed means a named source says so; Derived means DFX counted it from observed rows; Inferred means a match that may be wrong.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

Ask DFX about this network

Which companies and boards is Sumant Mandal connected to?

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Sumant Mandal: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Sumant Mandal

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Drawing the relationship network…

Roles

4 current, 0 past

March Capital Managing Member
Jun 1, 2014 to present · “Schedule A: MANDAL, SUMANT, MANAGING MEMBER, since 06/2014, ownership C, control person Y”
Fact Form ADV
The Hive Managing Member
Jan 1, 2014 to present · “Schedule A: MANDAL, SUMANT, MANAGING MEMBER, since 01/2014, ownership D, control person Y”
Fact Form ADV
Clearstone Venture Partners Managing Member
Oct 1, 2004 to present · “Schedule A: MANDAL, SUMANT, MANAGING MEMBER, since 10/2004, ownership B, control person Y”
Fact Form ADV

Investments attributed to this person

Company	Round	Investor	Attribution	Date	Source
Xage Security, Inc.	board only	Clearstone Venture Partners	strongly supported · board	Mar 18, 2026	Inference sec.gov
DiVitas Networks Inc	Form D equity offering · $2.5M	Clearstone Venture Partners	strongly supported · board	Dec 30, 2010	Inference sec.gov
Kazeon Systems, Inc	Form D equity offering · $10.0M	Clearstone Venture Partners	strongly supported · board	Apr 20, 2009	Inference sec.gov

Board seats and vehicles

3 boards, 8 vehicles

Xage Security, Inc. Director Mar 18, 2026 Inference
DiVitas Networks Inc board seat on a deal Dec 30, 2010 Inference
Kazeon Systems, Inc board seat on a deal Apr 20, 2009 Inference
The Hive III, LLC Executive Officer Apr 25, 2017
The Fabric III, LLC Executive Officer Mar 19, 2018
Fabric Expansion Fund, LP Director Jul 2, 2019

Timeline

6 dated entries: events, attributed deals, board seats and role changes

Mar 18, 2026
Board seat at Xage Security, Inc. (Clearstone Venture Partners)
Board seat Inference Xage Security, Inc. Form D
Jun 1, 2014
Joined March Capital as Managing Member
Role began Fact March Capital Form ADV
Jan 1, 2014
Joined The Hive as Managing Member
Role began Fact The Hive Form ADV
Dec 30, 2010
Form D equity offering in DiVitas Networks Inc (Clearstone Venture Partners)
Attributed investment Inference DiVitas Networks Inc Form D
Apr 20, 2009
Form D equity offering in Kazeon Systems, Inc (Clearstone Venture Partners)
Attributed investment Inference Kazeon Systems, Inc Form D

Full timeline · 6 entriesnewest first

Mar 18, 2026
Board seat at Xage Security, Inc. (Clearstone Venture Partners)
Board seat Inference Xage Security, Inc. Form D
Jun 1, 2014
Joined March Capital as Managing Member
Role began Fact March Capital Form ADV
Jan 1, 2014
Joined The Hive as Managing Member
Role began Fact The Hive Form ADV
Dec 30, 2010
Form D equity offering in DiVitas Networks Inc (Clearstone Venture Partners)
Attributed investment Inference DiVitas Networks Inc Form D
Apr 20, 2009
Form D equity offering in Kazeon Systems, Inc (Clearstone Venture Partners)
Attributed investment Inference Kazeon Systems, Inc Form D
Oct 1, 2004
Joined Clearstone Venture Partners as Managing Member
Role began Fact Clearstone Venture Partners Form ADV