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The Chainsmokers’ Mantis Ventures closes $100M third fund
The fund brings Mantis' assets under management to $225 million.
Mantis has invested in B2B companies, such as cybersecurity firm Chainguard and AI financial analyst startup Rogo, where the value of their celebrity status may not be immediately apparent. While most celebrity VCs focus on consumer companies, Pall and Taggart told TechCrunch last fall that their primary interest lies in B2B startups, where they see significant opportunities. The Chainsmokers have played private shows for nearly every Fortune 500 company, Pall said, and that experience has helped build a network that the firm is leveraging for customer introductions.
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