The venture capital firm, co-installed by Drew Taggart of Mantis Ventures, Alex Pal and Electronic DJ Group The Chenmockers, has collected $ 100 million in commitments for its third fund.
In $ 100 million, the latest fund of the firm is 20% larger than the previous 80 million funds of Mantis, a notable achievement at a time when many enterprise firms are struggling to maintain their current funds sizes or secure new capital.
Mantis has invested in B2B companies, such as cyber security firm Chaingard and AI Financial Analyst Startup Rozo, where their celebrity status value may not be immediately clear.
While most celebrity VC focuses on consumer companies, Pal and Taggart told the final decline that their primary interest is in B2B startups, where they see Important opportunity,
The pair have discovered a way to use their fame to help their portfolio companies, yet. Chainsmokers have played private shows for almost every Fortune 500 company, Pal said, and that experience has helped creating a network that the firm is taking advantage of customer introduction.
