Mosaic Ventures launches with $140m maiden fund

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.

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