Mosaic Ventures raises $150m to back ambitious European tech at Series A

Oct 8, 2018 · uktech.news

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VC fund Mosaic Ventures has closed its second funding round at $150m. Whilst based in London, Mosaic Ventures invests in ambitious technology companies across Europe, with a focus on Series A rounds.

Since it was launched in 2014, Mosaic Ventures has invested in 20 technology companies, including Blockchain, Convoy, Habito and Nexar, as well as Entrepreneur First. Blockchain is a leading cryptocurrency wallet provider. Founded by Peter Smith, Nicolas Cary and Ben Reeves in 2011, Blockchain was one of the first movers in the industry, and now provides over 27 million digital currency wallets in 140 countries. Led by Silicon Valley veterans, Simon Levene and Toby Coppel, the VC prides itself on backing companies at the forefront of innovation.

The firm also embraces Series A because of the risk associated with it: backing founders whose dreams have a genuine shot to become global category leaders. With this latest $150m boost, it will continue to focus on companies ready to grab Series A funding.

Founding Partner Simon Levene has worked in tech for over 20 years, taking jobs including VP Corp Dev for Yahoo!, and then as a partner in Accel’s London office. His most notable investments include early bets on Etsy and Squarespace, now worth $5B and overseveral billion respectively.

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