Mosaic Ventures is looking to raise up to $150m for its second VC fund to cement its place as a “new Silicon Valley-style venture capital firm based in London”.
Mosaic is focused Series A investments and has backed well-known tech businesses such as Etsy, Pinterest and Squarespace. The UK investor is currently deploying its $140m maiden fund, which it closed in 2014.
No capital has been registered for Fund II to date according to a filing registered by Mosiac with the US SEC.
Mosaic was founded in 2014 led by managing partners Toby Coppel, Simon Levene and Mike Chalfen.
The firm makes fewer than 10 investments each year according to its website, with an interest in areas including marketplaces, next generation finance and payments, bitcoin and the blockchain, SaaS for SMEs, analytics, education and health.
The firm has invested into a number of FinTech companies over the past couple of years. Last month, the firm 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.
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