Jump to content
  • Sign Up
  • The Chainsmokers Spin Into VC Investment With MagicX, Opening a "New Category of App"


    Ravebot

    rssImage-51dff64bd9230808eb0d60ba855645b0.jpeg

    The ChainsmokersΒ are proving that their talents go far beyond hit-making melodies. They've been making noise with their Mantis Venture Capital fund, and their latest enterprise is a bold investment in MagicX, a startup that harnesses AI to streamline daily life.

    Founded in 2020, Mantis Venture Capital swiftly penetrated the market after a $35 million infusion from high-profile backers such as Mark Cuban. It has since grown into a multifaceted fund with investments in sectors ranging from healthcare to music. The firm's latest stake is in MagicX,Β a "superpower in your pocket"Β aiming to redefine how individuals handle their day-to-day tasks.

    That's according to CEO Brad Kowalk, who took to X to share his vision for creating "a new category of app" that combines cutting-edge design and technology.

    "Running your day will become increasingly instant," Kowalk explained. "You won’t have to think about what you need to get done or who to coordinate with along the way. You will simply say what you want, and it will be done. So that’s what we’re working toward β€” An entirely new type of app that marries design and technology in a way that is both intuitive and powerful, so that you can run your daily life with ease."

    ivan-meneses-for-insomniac-events-9.jpg The Chainsmokers.

    Ivan Meneses/Insomniac Events

    The Chainsmokers are no strangers to diversification, having previously invested in Hearth, an Austin-based fintech company; and Royal.io, 3LAU's groundbreaking peer-to-peer music royalties marketplace. Their Mantis fund has backed over 100 companies and their investment in MagicX is the latest show of the duo's commitment to innovation in the evolving tech landscape.

    Alex Pall of The Chainsmokers shared his own excitement for the product in aΒ LinkedIn post. "I have been bugging Brad Kowalk and the MagicX team for months to pull back the curtains, and finally the day has come!" he wrote. "I remember using Superhuman or Midjourney for the first time and just the mind-blowing experience I had, and this team is creating that same magic but for all our daily lives!"

    You can request access to the upcoming launch of MagicX here.

    Follow The Chainsmokers:

    X: x.com/TheChainsmokers
    Instagram: instagram.com/thechainsmokers
    Facebook: facebook.com/thechainsmokers
    Spotify: spoti.fi/3h6a9ay


    User Feedback

    Recommended Comments

    There are no comments to display.



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.


Γ—
Γ—
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.