Mantis Ventures has closed its third fund with $100 million in commitments. This venture capital firm is actually co-founded by Alex Pall and Drew Taggart, the otherworldly duo behind the electronic DJ group The Chainsmokers. This latest fundraising effort is a huge success! It exceeds the firm’s prior fund size of $80 million by a whopping 25%. The announcement was posted on July 15, 2025, at 3:36 PM PDT, reflecting the firm’s robust growth trajectory.
The new fund is especially impressive considering that it was raised during a brutal time for most VC’s. Mantis Ventures is doing an amazing job in its current fundraising cycle. Even in the current climate of difficult existing fund extensions and new capital raises, they are prospering. This achievement further underscores the firm’s track record in capturing investor commitment across a crowded market.
Today, Mantis Ventures is focused on actively investing in B2B companies. Or, that they are dedicated to industries that are ready for disruption and opportunity. Among its unicorns is Chainguard, a cybersecurity company focused on solving the most urgent security challenges of our evolving digital world. Further, MVM was the lead investor in Rogo, an artificial intelligence company that focuses on financial analysis. These investments are an indication of the firm’s commitment to investing in companies that are focused on using technology to address important market needs.
Alex Pall and Drew Taggart have leveraged their success in the music industry to establish a foothold in the venture capital space. This dual identity as artists and entrepreneurs better positions them to bring an artist’s perspective to their investment decisions. By co-founding Mantis Ventures, they aim to not only support innovative companies but contribute to the broader entrepreneurial ecosystem.
