London VC firm Mosaic Ventures closes $150m second fund for startups

London-based venture capital (VC) firm Mosaic Ventures has today announced the close of its second fund, Mosaic II, at $150m (£115m) for startups across the capital and beyond.

Intending to cut cheques at series A-stage for between $3m and $7m, Mosaic Ventures has previously backed the likes of London automated mortgage broker Habito, crypto wallet Blockchain and period-tracking app Clue.

The VC firm, which celebrates its so-called Silicon-Valley attitude, tends to invest in startups across its five chosen “themes”. These include blockchain and cryptocurrencies, machine intelligence, digital health, fintech, and mobility and location services.

Co-founder and partner Simon Levene told City A.M. it will continue this trend for its second fund, highlighting blockchain and next-generation fintech as particular focuses as a result of the ecosystems of superior talent on its London doorstep.