“We need density in the cluster!” as an entrepreneur raising a Series A round in London said to me only last week. Her frustration was born of the fact that while many VCs have headed towards seed investing, and some have raised later-stage Growth funds, the fabled Series A has become a gradually rarer entity. It’s a problem we thought we’d solved in Europe until recently, but only a handful of firms are now shepherding startups along the whole pipeline now.
So it’s welcome news today that three extremely connected investors have today launched Mosaic Ventures.
This new $140 million fund will be squarely aimed at early-stage investments in Europe, and specifically at the Series A end of the market.
The creation of Simon Levene, Mike Chalfen and Toby Coppel, this dream-team of investors have a a ‘Black Book’ of contacts as long as your arm.
Today they published…
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