Mosaic Secures $18.5 Million Series A to Build the Future of Strategic Finance, Bringing Total Funding to $21M
Mosaic, the company building the world’s first strategic finance platform, announced it has raised a $18.5M Series A, bringing its total funding to $21M. The round was led by General Catalyst with participation from Felicis Ventures, Village Global and XYZ Ventures. With this financing, Mosaic will accelerate its product development and grow its team across multiple departments.
Mosaic, founded in April of 2019, has developed a software platform that puts the latest advancements in technology directly into the hands of CFOs and business leaders so they can easily understand the financial health of their business, optimize growth and plan for the future.
The company’s founders, Bijan Moallemi, Joseph Garafalo and Brian Campbell, met in 2012 while building a world class Finance function at Palantir as the company grew from 200 to more than 2,000 people around the world. They eventually left to work for other high growth venture-backed companies, where they once again had to start from square one to develop financial technology solutions to help them lead the Finance function and drive key strategic business decisions.
Mosaic’s software platform integrates with and updates financial data across the tools CFOs are already using. It incorporates artificial intelligence and machine learning to assist in forecasting versions of the future, enabling people to focus on the most strategic elements of their job. The platform also creates cross-functional collaboration, which allows businesses to rely on a shared set of truths that provide decision-makers with the ability to adapt and plan for the future with speed and precision.
To support the company as it continues to build upon its initial offerings, Mosaic has compiled a group of visionary CFOs to join its investor network and form Mosaic’s CFO Advisory Board, including current and former CFOs at Gusto, Dropbox, Hubspot, Procore, Netsuite, Zendesk, Palantir, Yahoo, and Shopify. This board will provide invaluable insight into additional features that Mosaic’s technology can bring to the office of the CFO.