In a significant move for the venture capital landscape, The Chainsmokers' investment firm, Mantis Ventures, has successfully closed its third fund at an impressive $100 million. Announced on July 15, 2025, this latest fund brings the firm's total assets under management to a remarkable $225 million, showcasing the duo's growing influence beyond the music industry into the world of startup investing.
Alex Pall and Drew Taggart, the Grammy-winning DJs behind The Chainsmokers, have been actively transitioning into the role of professional investors through Mantis Ventures. Unlike many celebrity investors, Pall emphasized in a recent interview with TechCrunch that they are deeply hands-on with their investments, leveraging their unique perspective as artists to connect with founders on a personal level.
The third fund is poised to support early-stage startups, continuing Mantis Ventures' mission to back innovative companies with high growth potential. Previous funds, valued at $40 million and $80 million respectively, have already established a strong portfolio, and this new $100M fund is expected to further expand their reach across diverse sectors.
What sets Mantis Ventures apart is the duo’s analogy between the artist-label relationship and the founder-investor dynamic. They believe this understanding allows them to build stronger, more empathetic partnerships with the entrepreneurs they support, fostering an environment of trust and collaboration.
As reported by TechCrunch, the announcement has generated buzz in both the tech and entertainment spheres, with many curious about which startups will benefit from this fresh injection of capital. The Chainsmokers’ dual identity as musicians and investors continues to intrigue, with Pall noting that he balances VC duties by day and performances by night, often on minimal sleep.
With this milestone, Mantis Ventures solidifies its position as a serious player in the VC world, proving that The Chainsmokers are more than just chart-topping artists—they are shaping the future of innovation one investment at a time.
Alfred Lee
