Mosaic raises $44M to automate the construction planning process –
Summary
Mosaic Building Group, a Phoenix, Arizona-based construction tech startup, has raised $44 million in a Series B funding round led by Peak State Ventures. In other words, the company manages construction infrastructure in what it says is an effort to free up real estate developers to focus on things like land acquisition, sales and marketing and architecture. Its software is designed to shorten build times, cut costs, reduce materials waste and improve construction quality for homebuilders. The company is looking to double its current 70-person headcount by the end of 2022 and to speed up the construction of homes within its more than $500 million residential development project pipeline. Jason Freedman, partner at Peak State Ventures, believes that the most innovation in the sector has until recently been in moving construction offsite and standardizing it.