Mantis Ventures, the venture capital firm co-founded by Alex Pall and Drew Taggart of the electronic music duo The Chainsmokers, has successfully closed its third fund, raising $100 million in commitments. This latest fund represents a 25% increase over their previous $80 million fund, bringing the firm’s total assets under management to $225 million. ([techcrunch.com](https://techcrunch.com/2025/07/15/the-chainsmokers-mantis-ventures-closes-100m-third-fund/?utm_source=openai))
Since its inception in 2019, Mantis Ventures has distinguished itself by focusing on business-to-business (B2B) startups, a departure from the typical celebrity investor trend of targeting consumer-oriented companies. Notable investments include cybersecurity firm Chainguard and AI financial analyst startup Rogo. ([techcrunch.com](https://techcrunch.com/2025/07/15/the-chainsmokers-mantis-ventures-closes-100m-third-fund/?utm_source=openai))
Pall and Taggart have leveraged their extensive network, built through performances for nearly every Fortune 500 company, to provide unique value to their portfolio companies. This network facilitates customer introductions and strategic partnerships, enhancing the growth prospects of the startups they back. ([techcrunch.com](https://techcrunch.com/2025/07/15/the-chainsmokers-mantis-ventures-closes-100m-third-fund/?utm_source=openai))
The duo’s hands-on approach and commitment to supporting founders have set Mantis Ventures apart in the venture capital landscape. Their ability to bridge the gap between the entertainment industry and the tech startup ecosystem has proven to be a valuable asset for the companies they invest in.
