The Chainsmokers’ VC Firm Raises $100 Million in Fresh Funding

Mantis, the venture capital firm co-founded by members of the band the Chainsmokers, has raised $100 million for its latest fund — a cash haul that demonstrates unusual longevity for celebrity investors.

This is the third fund for the venture firm, which was founded in 2019, and brings its assets under management to $225 million. The musical duo Alex Pall and Drew Taggart are general partners at Mantis, investing alongside Jeffrey Evans and Milan Koch.

Pall said that the band is more hands-on than the average celebrity VC. “We are willing to do the things that other entertainers or athletes simply aren’t,” he ...