The Chainsmokers’ Mantis Ventures closes $100M third fund

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’ 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 Chainguard and AI financial analyst startup Rogo, where the value…