Mosaic leads $4.6m series-A for Lyvly

Unquote understands that the firm's co-founder and partner Simon Levene will join Lyvly's board to support the company's management in this new phase of expansion.

Greg Marsh, who co-founded hospitality startup Onefinestay, also took part in the investment and joined the company as chair.

Mosaic Ventures deployed capital from its $140m fund, which held a final close in September 2014. The vehicle provides series-A funding rounds and targets European technology startups operating in the fintech, e-commerce, education and healthcare industries. In addition, Unquote understands that Mosaic is raising a second fund with a target of $150m.

The startup plans to use the investment to scale up its marketing and sales teams, grow its London operations and further develop its product offering. Subsequently, Lyvly intends to expand into cities like New York, Berlin, Los Angeles, Austin, Paris and Madrid.

Company
Founded in 2017 and based in London, Lyvly offers a membership-based rental marketplace to connect tenants, looking for shared living accommodation in London, with landlords. The properties on the platform are fully furnished and managed, including bill payments, repairs, replacing consumables and cleaning, while members make one monthly payment that covers all the costs. In addition to this, Lyvly offers a community platform for renters to socialise and collaborate inside and outside the home environment. The startup employs a staff of nine people.

People
Mosaic Ventures – Simon Levene (co-founder, partner).
Lyvly – Philip Laney (co-founder, CEO); Dario Favoino, Siraj Khaliq (co-founders).

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