Mosaic Ventures launches with $140m maiden fund
London-based VC Mosaic Ventures has launched its first fund, a $140m vehicle targeting European technology start-ups.
Between them, the firm's founders have thirty years' investment experience at Accel Partners, Advent Venture Partners, Allen & Company, Apax Partners and Index Ventures. They have worked on investments including Alibaba, Criteo, Etsy and King.
The VC cited the lack of available funding for companies at the series-A funding stage in Europe as the motivation behind the fund launch.
Investments
The vehicle will focus on the fintech, e-commerce, education and health markets as well as software-as-a-service providers for SMEs. Mosaic will look to make fewer than 10 investments per year.
Investors
According to the Financial Times, Mosaic has attracted commitments from large US institutional investors including Horsley Bridge Partners. Mosaic also stated its partners will look to invest a significant amount of their own capital in the firm.
People
Mike Chalfen, Simon Levene and Toby Coppel are partners at Mosaic.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater