Our Manifesto

Our Manifesto

Our Manifesto

We founded Mosaic as optimists who believe technology is generally a force for good, and that the startup ecosystem will positively impact society.

Read more
2014
Blog

A second ‘DeFi Summer’? Opportunities and challenges for the next phase of Decentralised Finance

A second ‘DeFi Summer’? Opportunities and challenges for the next phase of Decentralised Finance

A second ‘DeFi Summer’? Opportunities and challenges for the next phase of Decentralised Finance

Decentralised finance – or DeFi – is gathering pace. After the ‘DeFi Summer’ of 2020, we’ve seen further growth in adoption this year. But is DeFi really moving towards the mainstream – and if it is, what are the second-order effects?

Read more
2021
Future of Money
Blog

Step changes in ecommerce

Step changes in ecommerce

Step changes in ecommerce

The recent lockdowns led to a forced adoption and forced experiment, and a lot of future growth was pulled forward into a couple of quarters. The UK had a much more rigorous lockdown than the USA, and it had a much larger increase in e-commerce adoption.

Read more
2021
Blog

Is content moderation a dead end?

Is content moderation a dead end?

Is content moderation a dead end?

In the late 1990s, Microsoft was the evil empire, and a big part of ‘evil’ was that it was too closed - it made things too hard for developers. But then came the great malware explosion

Read more
2021
No items found.

Crossing the pond: Decoding US vs UK startup funding, with Kindred’s Maria Palma

Crossing the pond: Decoding US vs UK startup funding, with Kindred’s Maria Palma

Crossing the pond: Decoding US vs UK startup funding, with Kindred’s Maria Palma

Startups face many challenges on their growth journey – but breaking international markets is one of the biggest. The US and UK investment ecosystems might speak the same language, but they’re worlds apart: investor attitudes, founder profiles, culture and working styles all differ significantly.

Read more
2021
Blog

Machine learning meets creative content

Machine learning meets creative content

Machine learning meets creative content

The merging of production tools and ML-driven creative tools will redefine creative processes. In the next 10 years we’ll be able to turbocharge templates to create whole new forms of rich media.

Read more
2021
No items found.

Amazon's private labels

Amazon's private labels

Amazon's private labels

Amazon is a big and very aggressive company, that’s radically changing how retailing works, and that attracts a lot of scrutiny and a lot of criticism. Some of this is entirely justified. However, there’s one strand of criticism that fascinates me because it attacks Amazon for something that’s been part of retail for 150 years - the private label business.

Read more
2021
No items found.

Picks and shovels for ecommerce

Picks and shovels for ecommerce

Picks and shovels for ecommerce

New tooling will emerge to power the next generation of online retail. The future is headless, social, and content-driven.

Read more
2021
Open Bazaars
Work OS
Research

How to pitch your early-stage start up to investors with Mosaic Partner, Toby Coppel

How to pitch your early-stage start up to investors with Mosaic Partner, Toby Coppel

How to pitch your early-stage start up to investors with Mosaic Partner, Toby Coppel

Sooner or later, every founder has to talk about what they’re building to external people. The most dreaded group of all may just be investors. We sat down with Toby Coppel to unpack how early-stage founders should go about the investor pitch.

Read more
2021
Blog

Crypto with Morgan Beller, #futureofmoney

Crypto with Morgan Beller, #futureofmoney

Crypto with Morgan Beller, #futureofmoney

#Cryptocurrencies are crossing the chasm. Meaningful adoption from companies like @PayPal, @ChristiesInc and @MorganStanley mean there’s now no going back.

Read more
2021
Blog

Outgrowing software

Outgrowing software

Outgrowing software

When software eats the world, the questions that matter stop being software questions.

Read more
2021
Blog

Do Amazon ads bring in more cash than AWS?

Do Amazon ads bring in more cash than AWS?

Do Amazon ads bring in more cash than AWS?

There’s an old and common narrative around Amazon that it doesn’t make money, it sells below cost, it’s subsidised by investors and in particular it’s subsidised by AWS. People tend to repeat these to each other as though they’re unquestionable true, but they’re either debatable or objectively false.

Read more
2021
Blog

Retail, rent and things that don't scale

Retail, rent and things that don't scale

Retail, rent and things that don't scale

I generally think about retail as sitting on a spectrum from logistics to experience. At the logistics end, you know exactly what you want and retail’s job is to provide the most efficient way to get it. At the experience end, you don’t know, and retail’s job is to help you, with ideas, suggestion, curation and service.

Read more
2021
No items found.

Shopify

Shopify

Shopify

Shopify’s 2020 results came out today, and much as expected, it reported that consumers spent a total of $120bn on its platform, almost exactly double the figure from 2019.

Read more
2021
No items found.

Paying for news

Paying for news

Paying for news

Newspaper revenue really started to collapse well over a decade ago, and we've been discussing what to do about it for almost as long.

Read more
2021
No items found.

The year 2021 will bring DeFi into adolescence

The year 2021 will bring DeFi into adolescence

The year 2021 will bring DeFi into adolescence

After DeFi's breakout growth, we'll now see innovation in user experience, liquidity, scalability, and regulation.

Read more
2021
Future of Money
Blog

The Great Unbundling

The Great Unbundling

The Great Unbundling

COVID, China, regulation.. tech is becoming a regulated industry, but what does that actually mean? How will tech look like when entering its second 50 years?

Read more
2021
Research

Why we invested in Indeez

Why we invested in Indeez

Why we invested in Indeez

Gig workers have been hard hit by COVID. Freelance designers, Uber drivers, chefs and independent consultants alike have little visibility about when pre-pandemic life will return and their careers can resume. They were not protected against such a life-altering event: the crisis has been an awakening to the importance of income protection insurance.

Read more
2021
Future of Money
Human Empowerment
News

Online speech and publishing

Online speech and publishing

Online speech and publishing

Facebook has close to 2bn users, posting over 100bn things each day. The global SMS system, at its peak, had 20-25bn messages a day.

Read more
2021
No items found.

Platforms, bundling and kill zones

Platforms, bundling and kill zones

Platforms, bundling and kill zones

In the 1980s, if you installed a word processor or spreadsheet program on your PC, they wouldn’t come with word counts, footnotes or charts. You couldn’t put a comment in a cell. You couldn’t even print in landscape. Those were all separate products from separate companies that you’d have to go out and buy for $50 or $100 each.

Read more
2020
No items found.

Q&A with Habito's Daniel Hegarty

Q&A with Habito's Daniel Hegarty

Q&A with Habito's Daniel Hegarty

Daniel Hegarty, founder and CEO of our portfolio company Habito, came up with the idea for the business six years ago, after an eye-opening experience trying to buy his first home when his own mortgage broker made several frustrating mistakes. Dan realised that the mortgage market was rife with manual errors and confusing jargon.

Read more
2020
Future of Money
No items found.

E-commerce growth during lockdown

E-commerce growth during lockdown

E-commerce growth during lockdown

Lockdowns triggered a huge spike in online sales of every kind, will this stabilise - once things calm down, where will the new level be set? Our Venture Partner Ben Evans looks into it.

Read more
2020
No items found.

Our Slush Workshop: A Fintech Founder's playbook for uncertain times

Our Slush Workshop: A Fintech Founder's playbook for uncertain times

Our Slush Workshop: A Fintech Founder's playbook for uncertain times

Our partner Toby had the chance to lead a workshop at Slush2020 on how FinTech founders can prepare for uncertain times.

Read more
2020
Future of Money
No items found.

Crypto protocols: in search of the emerging winners

Crypto protocols: in search of the emerging winners

Crypto protocols: in search of the emerging winners

We continue to witness a Cambrian explosion of public blockchain development. In recent years, the fabric of the decentralised web has begun to be woven, and the social contract of money is being rewritten. Bitcoin and later Ethereum are the two platforms on this movement was catalysed. In this post, we explore what comes next.

Read more
2020
Future of Money
No items found.

What is your market?

What is your market?

What is your market?

One of the basic building blocks of any competition case is market definition

Read more
2020
No items found.

Machine intelligence and legal contracts: why now?

Machine intelligence and legal contracts: why now?

Machine intelligence and legal contracts: why now?

Machine intelligence applied to the law is not a new concept – yet its gestation has been slow, and it has not inflected into widespread adoption.

Read more
2020
Work OS
Machine Intelligence
Research
Blog

Ecommerce discovery

Ecommerce discovery

Ecommerce discovery

I’ve spent a lot of time in the last few years looking at ecommerce and discovery - how do people decide what to buy online, when a shop can’t show it to them? It seems to me that pretty much every part of that question is being reset this year

Read more
2020
No items found.

Preclinical drug discovery: does software eat the CRO?

Preclinical drug discovery: does software eat the CRO?

Preclinical drug discovery: does software eat the CRO?

The productivity of pharmaceutical research and development has been on the decline for decades. In fact, reports indicate a negative rate of return for many recently developed drugs.

Read more
2020
Human Empowerment
Research
Blog

A new operating system for work: our investment in Qatalog

A new operating system for work: our investment in Qatalog

A new operating system for work: our investment in Qatalog

What will be the operations software to power the modern connected organisation? After several years asking this question, meeting Tariq Rauf in July 2019 was an epiphany.

Read more
2020
Work OS
News

Procurement software: crossing the chasm

Procurement software: crossing the chasm

Procurement software: crossing the chasm

Machine intelligence is permeating into more enterprise functions than ever...

Read more
2020
Human Empowerment
Research

Amazon's profits, AWS and advertising

Amazon's profits, AWS and advertising

Amazon's profits, AWS and advertising

People argue about Amazon a lot, and one of the most common and long-running arguments is about profits. The sales keep going up, and it takes a larger and larger share of US retail every year (7-8% in 2019), but it never seems to make any money. What’s going on?

Read more
2020
No items found.

What tech regulation can teach us

What tech regulation can teach us

What tech regulation can teach us

It took 75 years for seatbelts to become compulsory, but tech has gone from interesting to crucial only in the last five to ten years. That speed means we have to form opinions about things we didn’t grow up with and don’t always understand quite so well as, say, supermarkets.

Read more
2020
No items found.

The ecommerce surge

The ecommerce surge

The ecommerce surge

Both the UK and (today) the USA have given official statistics on how ecommerce and retail have changed during lockdown. The headline numbers are pretty dramatic. The UK went from 20% ecommerce penetration to over 30% in two months, and the USA from 17% to 22%.

Read more
2020
No items found.

Trust in a time of anti-trust: lessons from big tech

Trust in a time of anti-trust: lessons from big tech

Trust in a time of anti-trust: lessons from big tech

We all, I think, understand that the iPhone was a generational change in computing, but that change came in two parts. The multitouch interface is obvious, but the change in the software model was just as important. Apple changed how software development worked, and by doing so expanded the number of people who could comfortably, safely use a computer from a few hundred million to a few billion.

Read more
2020
No items found.

What if we broke up big tech?

What if we broke up big tech?

What if we broke up big tech?

We’re clearly going to be arguing about the size, power and market share of large technology companies a great deal in the next couple of years

Read more
2020
No items found.

Smarter hiring in a post-COVID world

Smarter hiring in a post-COVID world

Smarter hiring in a post-COVID world

Why now? Poor hiring decisions are costly and time-consuming - and now there's an acute problem to be solved

Read more
2020
Work OS
Research

Tech and the new normal

Tech and the new normal

Tech and the new normal

We've heard a lot about "the new normal" but what does that mean for tech?

Read more
2020
Research

What comes after Zoom?

What comes after Zoom?

What comes after Zoom?

We had video calls in science fiction, and we had video conferencing in the 1990s, just as the web was taking off..

Read more
2020
Work OS
Research

Advertising

Advertising

Advertising

There are two ways you can talk about newspapers. You can talk about the ‘fourth estate’, and newspapers’ role in culture, politics, governance, the exchange of ideas and civil society. But you can also talk about newspapers as a specialised light manufacturing industry, that aggregated attention to sell advertising.

Read more
2020
No items found.

Why we invested in Keelvar

Why we invested in Keelvar

Why we invested in Keelvar

If you've ever sold to large enterprises, we suspect you've felt the pain of procurement...

Read more
2020
Machine Intelligence
News

Online events

Online events

Online events

Online events remind me a lot of ecommerce in about 1996. The software is raw and rough around the edges, and often doesn’t work very well, though that can get fixed. But more importantly, no-one quite knows what they should be building.

Read more
2020
No items found.

Pop culture

Pop culture

Pop culture

‘It does exactly what it says on the tin’ is a great catch phrase, and it’s also a great way to describe a whole class of product and a whole class of startup.

Read more
2020
No items found.

Predicting tech

Predicting tech

Predicting tech

A lot of really important technologies started out looking like expensive, impractical toys.

Read more
2020
No items found.

The VR winter

The VR winter

The VR winter

We tried VR in the 1980s, and it didn’t work. The idea may have been great, but the technology of the day was nowhere close to delivering it, and almost everyone forgot about it. Then, in 2012, we realised that this might work now.

Read more
2020
No items found.

COVID and cascading collapses

COVID and cascading collapses

COVID and cascading collapses

You might call this the Wile E Coyote effect - you’ve run off the cliff, or the cliff has disappeared from under you, but there’s a brief moment while your legs windmill in the air before gravity kicks in. It can take a while for the inevitable to happen, but then, as Lenin pointed out, you get a decade of inevitable in a week.

Read more
2020
No items found.

Balancing the books: the SME accounting opportunity

Balancing the books: the SME accounting opportunity

Balancing the books: the SME accounting opportunity

When Luca Pacioli first recorded the method of double-entry bookkeeping in the fifteenth century, he may not have anticipated the impact he would have on the modern world...

Read more
2020
Future of Money
Research

COVID and forced experiments

COVID and forced experiments

COVID and forced experiments

In 2017, 40% of new relationships in the USA began in a smartphone app. By 2019 that was probably closer to 50%.

Read more
2020
No items found.

Rethinking retirement: the next generation of pensions

Rethinking retirement: the next generation of pensions

Rethinking retirement: the next generation of pensions

When reading about the state of retirement savings in Europe, one often encounters the journalistic trope of a 'time bomb'

Read more
2020
Future of Money
Research

Why we invested in Mavenoid

Why we invested in Mavenoid

Why we invested in Mavenoid

Tech support for physical products is a huge market. Any enterprise that ships a manual with their product is a potential Mavenoid customer, as are companies that employ field service engineers to repair hardware and software....

Read more
2020
Machine Intelligence
News

MLOps: The end of end-to-end

MLOps: The end of end-to-end

MLOps: The end of end-to-end

Machine Intelligence is one of our main themes at Mosaic...

Read more
2020
Machine Intelligence
Research

Genomic opportunities, part I: seeking the secrets of life

Genomic opportunities, part I: seeking the secrets of life

Genomic opportunities, part I: seeking the secrets of life

We have discovered the secret of life! Ever since Francis Crick burst into The Eagle pub one February afternoon in 1953...

Read more
2020
Human Empowerment
Research

Why we invested in Shipamax

Why we invested in Shipamax

Why we invested in Shipamax

Shipamax announced their $7M Series A last week, so we thought we'd share why Mosaic is excited to be leading the financing...

Read more
2020
Machine Intelligence
News

How to lose a monopoly

How to lose a monopoly

How to lose a monopoly

When Steve Wozniak created the original Apple I in 1975, IBM dominated the computing industry. It was nicknamed ‘Big Blue’, it was so far ahead of its competitors that people talked about ‘IBM and the seven dwarves’, and it had just come through yet another anti-trust case.

Read more
2020
No items found.

Serverless is more

Serverless is more

Serverless is more

Save money! Vendor lock-in! Autoscale! High latency!

Read more
2019
Machine Intelligence
Research

Podcast: Adaptive oncology with Dr. Jack Kreindler

Podcast: Adaptive oncology with Dr. Jack Kreindler

Podcast: Adaptive oncology with Dr. Jack Kreindler

Like fingerprints, no two cancers are exactly the same. And yet cancer care - especially for those in the most advanced stages, and with the most complex cases - is administered according to standard, linear protocols.

Read more
2019
Research
Blog

Our investment in Scape: visual positioning for AR and mobility

Our investment in Scape: visual positioning for AR and mobility

Our investment in Scape: visual positioning for AR and mobility

The future of mobility has been an on-going theme at Mosaic, from Nexar's intelligent dashcam to Auterion's open source drone platform

Read more
2019
Machine Intelligence
News

Our investment in super.ai: the AI compiler

Our investment in super.ai: the AI compiler

Our investment in super.ai: the AI compiler

The resources invested into machine learning over the past five years augur a profound transformation of software development...

Read more
2018
Machine Intelligence
News

Book review: The Dawn of Eurasia by Bruno Maçaes

Book review: The Dawn of Eurasia by Bruno Maçaes

Book review: The Dawn of Eurasia by Bruno Maçaes

It is said that Zeus released two eagles from the opposite ends of the earth: where they met was its centre

Read more
2018
Blog

Four Years In: Doubling Down on Series A

Four Years In: Doubling Down on Series A

Four Years In: Doubling Down on Series A

We founded Mosaic in 2014 as a "Silicon Valley" style firm to serve the most ambitious founders in Europe at Series A

Read more
2018
News

Our Investment in Auterion - "Android for Drones"

Our Investment in Auterion - "Android for Drones"

Our Investment in Auterion - "Android for Drones"

When we started Mosaic in 2014, we did not expect to be investing in planes, trains and automobiles

Read more
2018
Edge Applications
News

Why we invested in Lyvly

Why we invested in Lyvly

Why we invested in Lyvly

Renting a residential property is a high-friction process, plagued by mishap, misunderstanding, and misfits.

Read more
2018
Human Empowerment
News

Why we invested in Veriff

Why we invested in Veriff

Why we invested in Veriff

Since the credit crisis, we've observed massive growth amongst new entrants disrupting the banks and financial services.

Read more
2018
Machine Intelligence
News

Original research: Sentiment of seed investors in Europe

Original research: Sentiment of seed investors in Europe

Original research: Sentiment of seed investors in Europe

Great entrepreneurs dream about creating new sectors, reshaping entire industries and fundamentally disrupting the status quo

Read more
2018
Research

Why we invested in Centrifuge - and a short love-letter to crypto in Berlin

Why we invested in Centrifuge - and a short love-letter to crypto in Berlin

Why we invested in Centrifuge - and a short love-letter to crypto in Berlin

Here at Mosaic, we have long been big believers in the power of decentralised infrastructure and applications, demonstrated by our past investment

Read more
2018
Future of Money
News

Why we invested in Bonify

Why we invested in Bonify

Why we invested in Bonify

Co-Founders of Bonify: Dr. Gamal Moukabary , Dr. Josef Korte, Dr. Andreas Bermig, and Dr. Jan Ortmann

Read more
2018
Future of Money
News

Welcome to our new Venture Partner, Dr Jack Kreindler!

Welcome to our new Venture Partner, Dr Jack Kreindler!

Welcome to our new Venture Partner, Dr Jack Kreindler!

It is with great pleasure that we welcome the latest addition to the Mosaic team, our new venture partner Dr Jack Kreindler

Read more
2017
News

Adieu Pascal!

Adieu Pascal!

Adieu Pascal!

It is with bitter-sweet feelings that we bid adieu to Pascal Gauthier, who has started the next chapter of his career as President of Ledger.

Read more
2017
News

Why we invested in Entrepreneur First

Why we invested in Entrepreneur First

Why we invested in Entrepreneur First

Talented entrepreneurs have the ability to transform the global economy at unprecedented pace

Read more
2017
Work OS
News

Habito's next chapter

Habito's next chapter

Habito's next chapter

Daniel Hegarty is a smart, highly-driven renegade

Read more
2017
Future of Money
News

Our Investment in Convoy

Our Investment in Convoy

Our Investment in Convoy

Have you ever stopped for a moment to think about how the shirt you're wearing arrived at the store?

Read more
2017
Human Empowerment
News

The machine can see you now: A market framework for Medical Imaging

The machine can see you now: A market framework for Medical Imaging

The machine can see you now: A market framework for Medical Imaging

Ask most AI researchers, and they'll tell you that one of the biggest advances within artificial intelligence capabilities in the past five years

Read more
2017
Machine Intelligence
Research

Our Investment in Teemo

Our Investment in Teemo

Our Investment in Teemo

One reason we are such passionate believers in the European startup ecosystem is the way success seeds further opportunity

Read more
2017
Open Bazaars
News

Building and Scaling Criteo with Pascal Gauthier

Building and Scaling Criteo with Pascal Gauthier

Building and Scaling Criteo with Pascal Gauthier

In the latest episode of the Mosaic Podcast we are joined by Pascal Gauthier, who over the last 15 years has been immersed in some of the fastest

Read more
2017
Open Bazaars
Blog

The Future of Mortgages

The Future of Mortgages

The Future of Mortgages

We wrote last April about the opportunity for habito to bring mortgages into the 21st century

Read more
2017
Future of Money
Research
Blog

What we're reading

What we're reading

What we're reading

With the holiday season fast approaching we thought we would share three books that we've been enjoying over the past couple of months

Read more
2016
Blog

Our investment in tray.io

Our investment in tray.io

Our investment in tray.io

Imagine an easy way to connect all the software your company runs in the cloud, with the power to customise how data is shared between the various

Read more
2016
Work OS
News

Q and A with Rich Waldron, CEO of tray.io

Q and A with Rich Waldron, CEO of tray.io

Q and A with Rich Waldron, CEO of tray.io

When I first met tray CEO Rich Waldron early in 2014, after an introduction from angel (and now VC) Andy McLoughlin, two things struck me

Read more
2016
Work OS
Blog

The Future of Digital Health with Dr Jack Kreindler

The Future of Digital Health with Dr Jack Kreindler

The Future of Digital Health with Dr Jack Kreindler

Jack Kreindler is an expert physician, physiologist and digital health entrepreneur

Read more
2016
Human Empowerment
Blog

Our investment in Nexar

Our investment in Nexar

Our investment in Nexar

Human fallibility (accidents, alcohol and so forth) is the root cause of massive loss of life on the roads, despite continuous improvements in auto safety technology

Read more
2016
Edge Applications
News

When to take VC

When to take VC

When to take VC

It may be a surprise to hear this from a venture capitalist, but the vast majority of startups should not take money from our industry

Read more
2016
Research