Mandl
Founded
2026
Status
Private
Leadership
Rushil Goel - CEO
Alex Carges - Head of Insurance Product
LSVP Investment
2020 (into Nirvana, now a Mandl subsidiary)
Stage Invested
Seed
Lightspeed Team
Raviraj Jain - Partner
Shaurya Aggarwal - Partner

Mandl is an AI company advancing economic ambition and abundance by rebuilding the engine of commercial insurance from the inside out.

Its operating companies are Nirvana, an AI-native insurer; Vega, an AI-native claims administrator; and Cooper, an AI operations platform for agencies, brokerages, MGAs, and carriers.

Mandl
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Faction Ventures, L.L.C. ("Faction") and Lightspeed Management Company, L.L.C. ("LSVP") are separate businesses that operate independently of each other. Faction advises its own fund(s) and does not advise any LSVP clients, and LSVP does not advise Faction or any of its clients. LSVP and Faction are parties to an agreement pursuant to which LSVP holds certain interests in Faction and the fund(s) Faction manages.

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Lightspeed Management Company, L.L.C. ("LSVP") and Lightspeed India Partners, L.L.P. ("LSIP") are distinct investment advisory entities, are not a unitary enterprise and operate their investment advisory businesses independently of one another. From time to time LSVP may draw on its relationship with LSIP, and vice versa, but only to the extent consistent with its status as a separate investment adviser.

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Lightspeed Management Company, L.L.C. ("LSVP") and LSIP are distinct investment advisory entities, are not a unitary enterprise and operate their investment advisory businesses independently of one another. From time to time LSVP may draw on its relationship with LSIP, and vice versa, but only to the extent consistent with its status as a separate investment adviser.

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