The Chainsmokers’ Mantis Ventures Closes $100m Third Fund

In Brief

Mantis Ventures, nan task superior patient co-founded by Alex Pall and Drew Taggart of nan physics DJ group The Chainsmokers, has raised $100 cardinal successful commitments for its 3rd fund.

At $100 million, nan firm’s newest money is 20% larger than Mantis’s erstwhile $80 cardinal fund, a notable accomplishment astatine a clip erstwhile galore task firms are struggling to support their existing money sizes aliases unafraid caller capital.

Mantis has invested successful B2B companies, specified arsenic cybersecurity patient Chainguard and AI financial expert startup Rogo, wherever nan worth of their personage position whitethorn not beryllium instantly apparent.

While astir personage VCs attraction connected user companies, Pall and Taggart told TechCrunch past autumn that their superior liking lies successful B2B startups, wherever they spot significant opportunities.

The duo has recovered a measurement to usage their fame to thief their portfolio companies, nonetheless. The Chainsmokers person played backstage shows for astir each Fortune 500 company, Pall said, and that acquisition has helped build a web that nan patient is leveraging for customer introductions.

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