Mosaic Ventures has closed its second Series A-focused fund on $150m, closing on $10m more than its predecessor.
Mosaic II will look to back around 20 companies in their Series A stage which are developing technology-based solutions. Key areas of interest for the firm include blockchain, crypto and decentralised webs, machine intelligence, mobility and location services, financial data, and computational health.
Earlier in the year, Mosaic led the $4.6m Series A of communal living support platform Lyvly.
The firm has invested into a number of FinTech companies over the past couple of years. Mosaic recently led the $7.7m Series A round of Estonian identity verification startup Veriff. It provides small companies with an online identity verification solution, which allows any website or mobile application to verify your driver’s license, passport or ID.
Other FinTechs in its portfolio include banking and insurance data management platform InfoSum, digital assets production platform Blockchain and credit scoring startup bonify.
In a blog post from the firm, it said, “This money is committed to back a further 20+ outliers, the “shapers” whose mission is to make a dent in the universe.
“Investing Mosaic’s first fund since 2014 has validated our strategy and the overall opportunity for a European, thematic, Series A focused firm. Many entrepreneurs adapt or pivot, evolving their initial idea, but now four years and one fund in, we could not be more thrilled to double down on the original thesis.”
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