202114 Jan
Mosaic Secures $18.5 Million Series A to Build the Future of Strategic Finance, Bringing Total Funding to $21M
Type
Funding Rounds
Funding
202114 Jan
$18.5MSeries A
Source
Globenewswire
Summary

SAN DIEGO, Jan. 14, 2021 (GLOBE NEWSWIRE) -- 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. 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. “It became increasingly clear to us that the issues we were running up against – disconnected cloud-based tools, manual data entry and manipulation to track financial health – were universal, and that the office of the CFO was fundamentally broken,” said Bijan Moallemi, founder and CEO at Mosaic. 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. With offices in San Francisco, Palo Alto, New York City, and Boston, the firm has helped support the growth of businesses such as: Airbnb, Deliveroo, Guild, Gusto, Hubspot, Illumio, Livongo, Oscar, Snap, Stripe, and Warby Parker.

Classifications