Mosaic, a San Diego, CA-based Strategic Finance Platform that offers real-time data analysis and collaborative financial planning, raised $26 million in Series C funding.
The round was led by OMERS Ventures, with participation from existing investors Founders Fund, General Catalyst, and Friends and Family Capital.
Mosaic's core mission is to help companies meet the challenges of balancing high growth with capital efficiency. With this new funding, the company plans to further invest in AI technology, providing AI-driven decision-making functionality to empower finance leaders in small and mid-sized businesses (SMB) and mid-market companies.
Mosaic's platform offers real-time analytics and dynamic planning features that remove data complexities, providing the market's fastest time-to-value.
"New features like Metric Builder, our easy-to-use engine for creating, analyzing and planning custom metrics, have helped us drive significant growth in the last 12 months," said Bijan Moallemi, co-founder and CEO at Mosaic."We'll use this latest investment to continue bringing unparalleled, enterprise-grade functionality and consumer-grade ease of use to SMB and mid-market companies while expanding into new verticals and serving more up-market customers."
Company: Mosaic Finance Inc.
Raised: $26.0M
Round: Series C
Funding Month: June 2023
Lead Investors: OMERS Ventures
Additional Investors: Founders Fund, General Catalyst, and Friends and Family Capital
Company Website: https://www.mosaic.tech/
Software Category: Strategic Finance Platform
About the Company: Founded in 2019, Mosaic is the strategic finance platform for the entire business, providing a real-time Analytics and Planning platform that helps teams get from data to decision, faster. High-growth companies like Emerge, Sourcegraph, and Drata rely on Mosaic to manage the financial health and outlook of their businesses with automated insights and flexible business modeling.
Source: https://www.prnewswire.com/news-releases/mosaic-raises-26m-series-c-to-empower-smb-and-mid-market-finance-leaders-with-ai-driven-decision-making-functionality-301844297.html