The Chainsmokers’ Mantis Ventures closes $100M third fund
In Brief Mantis Ventures, the venture capital firm co-founded by Alex Pall and Drew Taggart of the electronic DJ group The Chainsmokers, has raised $100 million in commitments for its third fund. At $100 million, the firm’s newest fund is 25% larger than Mantis’s previous $80 million fund, a notable achievement at a time when many venture firms are struggling to maintain their existing fund sizes or secure new capital. Mantis has invested in B2B companies, such as cybersecurity firm Chainguar