Corporate Venture Fund & Ecosystem
CVC Fund I – Corporate venture capital, multi‑country, evergreen fund with a target size of USD 200 million.
CVC Fund II – Multi‑strategy, multi‑asset, multi‑country fund with a target size of USD 400 million.
We partner with industrial corporations to run a focused VC fund and venture studio dedicated to their CVC ambitions. As true co‑investors, we can commit up to 50% of the initial capital and, where helpful, bring senior management and technology expertise to launch and scale new ventures without disturbing corporation’s core business.
Areas we love to invest in
We invest in industrial bottlenecks and operational performance gains. We also are happy to take extra risks with blue ocean strategies.
We have invested in Enterprise software, industrial AI, decision support systems, micro and defense robotics, sensory systems, SCADA systems automation, telecom and control systems, 5G-6G Ai, Operational automation, and Agricultural robotics.
The CVC Fund Advantage
Corporations control distribution and demand. Startups drive speed and innovation. CVC Fund creates the structure where both sides scale together.
For Corporations
We enable rapid entry into new markets through shared-risk venture building. Corporates gain an execution engine that operates without stretching internal teams, offering immediate access to AI, robotics and advanced engineering capabilities. The model is designed to function smoothly even in multi-stakeholder environments where alignment is traditionally difficult.
For Startups
Founders receive guaranteed customers from the start, along with financial stability backed by corporate demand. We take on HR, technology, legal and operational overheads so teams can focus on building. Capital is deployed against performance milestones, with a clear path toward strategic consolidation or future market listing.
AI Sandboxing Studio for Corporations
Our Venture Creation Model
We create six companies each year in partnership with strategic corporates, targeting approximately forty ventures by 2032 under Fund I. Each company is designed with long-term scalability in mind, supported by phased capital that aligns with commercialization and growth milestones.
The model was built specifically for corporates that require new business lines but cannot expand internal R&D or HR capacity. We turn operational constraints and industry bottlenecks into businesses with public-market potential.
Built for Public-Market Outcomes
CVC Fund builds companies with the operating discipline and governance required to succeed as standalone public-market entities. The goal is not short-term arbitrage. We focus on ventures capable of scaling, consolidating and maturing into strong industrial businesses.
Fund Size Strategy
The fund is launch-ready at 25 to 30 million, allowing disciplined early-stage creation with clear revenue pathways. As ventures show traction, we scale to 150 to 200 million to participate in later rounds, accelerate pre-IPO growth and support companies through listing.
Corporates
Industrial AI suffers from a talent shortage. Top AI talent rarely enters traditional sectors, even though the returns are compelling. CVC Fund fills this gap by providing corporate partners with immediate access to experts across AI, engineering and process optimization.
We reduce HR friction, shorten execution cycles and unlock value inside captive markets where demand already exists.
Founders
The biggest risk in early venture building is the absence of customers. We remove that risk.
Founders joining CVC Fund gain access to a guaranteed market, revenue from the start and predictable exit options. Our team handles the operational complexity so founders can focus on solving real problems for real clients. The result is a company built around validated demand rather than speculation.
Who We Are
CVC Fund is led by operators and investors with a track record of building and exiting industrial and deep-tech ventures.
Mangesh Mahajan
Fund of Funds Advisor | Venture Capitalist | Hedge Fund Strategist
CEO, Tractioning
Partner, Watermark Venture Capital
Mangesh is a fund of funds advisor, venture capitalist, hedge fund strategist, and strategic advisor operating at the intersection of finance, technology, and innovation. He advises institutional investors, family offices, and venture platforms on portfolio construction, market cycles, and emerging technology exposure. His work spans early-stage venture capital, hedge fund portfolio optimization, and multi-asset strategy design across global markets.
As CEO of Tractioning, Mangesh specializes in sourcing, structuring, and managing global technology investments. The firm focuses on connecting innovative founders with capital, strategic partners, and operational resources, while helping investors navigate complex portfolios with disciplined risk and return frameworks. His approach blends venture insight with public and private market strategies, enabling capital efficiency across stages and asset classes.
Mangesh is a Partner at Watermark Venture Capital, where he played a key role in scaling startups and managing complex venture portfolios. The fund is in the process of closing following the passing of a senior partner, with expectations of delivering double-digit IRRs exceeding 50%. His experience includes building venture exposure with an eye toward institutional outcomes, liquidity planning, and long-term value creation.
Academically, Mangesh holds advanced master’s degrees from the London School of Economics and the Indian Institute of Technology, grounding his investment philosophy in rigorous quantitative analysis and systems thinking. His career reflects a deep understanding of fund of funds structures, venture dynamics, hedge fund tactics, and strategic advisory at scale.
Based in Los Angeles, Mangesh maintains an active global network across the United States, Europe, and Asia. He continues to advise investors and founders navigating rapidly evolving markets, with a focus on aligning capital, technology, and strategy to produce durable, high-performance portfolios.
Grant Van Cleve
Managing Partner, Hangar 75 Ventures
Chairman Emeritus, TCA Venture Group
CEO, HolSEE LLC
President, AmCham Albania
Managing Director, VC Invest
Grant is a global entrepreneur, angel investor, and business accelerator. He is regularly listed among the 50 most influential people in Orange County, CA, USA. Grant is involved in 118 start-ups, serving as a board member or advisor in 18 of those. He is an active leader in TCA Venture Group (Tech Coast Angels) – America’s most active angel investing group. He was President of their Orange County chapter and then Chairman of the whole network. He is an Expert-in-Residence at University of California - Irvine, and is a member of Keiretsu SouthEast Europe, Entrelliance, and Faith Driven Investors.
His entrepreneurial leadership led in 2020 to co-launching Hangar 75 Ventures – a venture factory applying its proven execution capability to creating a collection of assets that give investors a greater likelihood of positive return, within a shorter time period. This is achieved through a broad set of clients on 4 continents who are looking to H75 for future innovations and delivery.
Among the rest of his startup portfolio, Grant is currently putting special focus on Jetbuilt, GREX Group, Digital School, Alphatechs, MovoCash, Organics Trade, Archytas, EchoTrade, LeaseLock, Funraise, StyleRiser, Holberton SEE, MENASEE Ventures, Tecnal and Oasis City.
Alongside private equity, Grant develops real estate in California and in Southeastern Europe. He also does impact investing via roles in clean-tech, fin-tech and ed-tech globally, as well as technology training in the Balkans and Middle East/North Africa. A big fan of giving back, Grant pours time into catalyzing entrepreneurial ecosystems around the world. An example being his recent election as President of the American Chamber of Commerce in Albania. He can also be found in leadership roles in his church and in local politics. Along the way he added an MA in Intercultural Studies at Fuller.
Grant was raised in California but left to study at Penn/Wharton and then to live 19 years in Europe – most of that in Albania. Non-profit consulting got him there, real estate development transitioned him into the marketplace, and now he has returned for a set of technology and innovation ventures for the region. First among those is license for the Holberton School – which brings this global edtech leader’s innovative training software training methods to the Balkans and Eastern Mediterranean.
Grant returned with his wife and 3 kids to Orange County, CA, USA in 2010, but spends half of his time in Europe and the MENA region.