Co-founded by Alex Pall and co-founded by Drew Taggart of the electronic DJ group The Chainsmokers, Mantis Ventures has garnered a $100 million commitment from its third fund.
At $100 million, the company's latest fund is 25% larger than Mantis' previous $80 million fund, a notable achievement that many venture companies struggle to maintain the size of their existing funds or secure new capital.
Mantis invests in B2B companies such as cybersecurity company Chainguard and AI Financial Analyst startup Rogo.
While most celebrities VCs focus on consumer companies, Pall and Taggart told TechCrunch last fall that their main interest lies in B2B startups.
The duo nevertheless found a way to use their fame to support portfolio companies. Chainsmokers said he plays private shows for almost every Fortune 500 company and that experience helped the company build a network that leverages customer referrals.