Mosaic Ventures today announced that it has closed a second fund of $150 million, to continue its focus on Series A investments. Launched in 2014, Mosaic is a ‘Silicon Valley-style’ venture capital firm that invests in early-stage technology startups. The VC firm, which is headquartered in London, is concentrating on backing founders whose dreams have a genuine shot to become global category leaders.
In the four years since launching, Mosaic has invested thematically in over 20 startups, in sectors at the frontier of innovation including blockchain & crypto, machine intelligence learning, mobility & location services and next generation, consumerised fintech (unbundling banks).
Mosaic has backed transformative companies such as Blockchain.com, the world’s leading cryptocurrency wallet provider. Also, Mosaic invested in artificial intelligence-powered dashcam innovator Nexar, and the online mortgage broker Habito. Other exciting portfolio companies include Convoy, the company builder Entrepreneur First, identity verification provider Veriff, and open source bitcoin infrastructure platform Blockstream.
Mosaic Ventures’ founding partners, Simon Levene and Toby Coppel, each spent over a decade working in the Silicon Valley. The firm’s investment team has grown substantially in four years.
Commenting on the closing of Mosaic Ventures second fund, and the fund’s strategy of investing in risk-takers, Partner and Co-founder Simon Levene says: “We look forward to continuing our strategy of investing at an early stage in Europe’s most ambitious entrepreneurs. Our current portfolio demonstrates that the strategy is working. Since launch we have invested in over 20 fast-growing startups. We will continue investing with this thesis with our second fund – seeking out the outliers and renegades, entrepreneurs who dream big, and want to change the world.”
Commenting on the continuing growth of the European technology industry, Toby Coppel, partner and co-founder commented: “There is no better place in the world to invest in startups than Europe. The continent is more than the sum of its parts: the tech ecosystem is going from-strength-to strength in London, Berlin, Paris, Stockholm, Helsinki and Tel Aviv, each of which are producing global leading tech companies, from Spotify to Adyen to TransferWise. As we begin investing our second fund, we are buoyed by the evolution of the European technology industry. More of our European friends from Silicon Valley are returning home to put down roots, and bringing decades of experience with them.”