The Chainsmokers' Mantis Ventures Secures $100M for Third Fund, Expanding Tech and Entertainment Investments
📷 Image source: techcrunch.com
Mantis Ventures, the venture capital firm co-founded by Grammy-winning duo The Chainsmokers, has successfully closed its third fund at $100 million. The latest funding round underscores the firm's growing influence in bridging the gap between technology and entertainment. Launched in 2020, Mantis Ventures has built a reputation for backing early-stage startups in sectors like digital media, gaming, and consumer tech. The new capital will allow the firm to double down on its strategy of investing in disruptive companies that align with The Chainsmokers' vision of innovation at the intersection of tech and pop culture. Alex Pall and Drew Taggart, the duo behind The Chainsmokers, have been actively involved in the firm’s investment decisions, leveraging their industry connections and creative insights. Past investments include esports platform PlayVS, live-streaming startup Wave, and AI-powered music creation tool Endel. According to industry analysts, Mantis Ventures stands out for its hands-on approach, often providing portfolio companies with access to The Chainsmokers’ vast entertainment network. The firm’s latest fund comes amid increasing interest in celebrity-backed venture capital, with artists like Jay-Z and Ashton Kutcher also making waves in tech investing. Additional reporting from PitchBook highlights that Mantis Ventures’ latest close aligns with a broader trend of music and entertainment figures diversifying into venture capital, particularly in tech-driven creative industries. The firm is expected to announce its first investments from the new fund in the coming months.
