{"id":415195,"date":"2021-01-14T12:03:32","date_gmt":"2021-01-14T17:03:32","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=415195"},"modified":"2021-01-14T12:03:32","modified_gmt":"2021-01-14T17:03:32","slug":"mosaic-secures-18-5-million-series-a-to-build-the-future-of-strategic-finance-bringing-total-funding-to-21m","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mosaic-secures-18-5-million-series-a-to-build-the-future-of-strategic-finance-bringing-total-funding-to-21m\/","title":{"rendered":"Mosaic Secures $18.5 Million Series A to Build the Future of Strategic Finance, Bringing Total Funding to $21M"},"content":{"rendered":"<h2>\nGeneral Catalyst leads investment in software platform that provides CFOs with real-time data and insights needed to make informed financial decisions<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">SAN DIEGO, Jan.  14, 2021  (GLOBE NEWSWIRE) &#8212; Mosaic, the company building the world\u2019s 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.<\/p>\n<p>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\u2019s 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.<\/p>\n<p>\u201cIt became increasingly clear to us that the issues we were running up against \u2013 disconnected cloud-based tools, manual data entry and manipulation to track financial health \u2013 were universal, and that the office of the CFO was fundamentally broken,\u201d said Bijan Moallemi, founder and CEO at Mosaic. \u201cIn today\u2019s fast-paced world, a delayed view of what happened \u2018last month\u2019 is no longer acceptable. We founded Mosaic to provide CFOs and their teams with tools that quickly and efficiently interpret data and allow for more informed decision-making.\u201d<\/p>\n<p>Mosaic\u2019s 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.<\/p>\n<p>\u201c2020 was a year defined by uncertainty, and for financial professionals, uncertainty isn\u2019t just a nuisance. It can have a lasting impact on the future of a company,\u201d said Trevor Oelschig, managing director at General Catalyst. \u201cBijan, Joe and Brian experienced first-hand how outdated technology can disrupt and slow down important financial decisions. We\u2019re excited to back Mosaic as the company continues to provide financial leaders with more insight and helps influence the trajectory of some of today\u2019s fastest-growing businesses.\u201d<\/p>\n<p>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\u2019s 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\u2019s technology can bring to the office of the CFO.<\/p>\n<p>Visit the Mosaic website <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=KLq0rXyfVz10KwxlrRo_YNDoY_7pm56Ytx6FefI6yBBfjnTREjAVL1Pu8dnEscd8mgZmF9aTZi9EWAyNvPdKUQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.mosaic.tech<\/u><\/a> to learn more about the company\u2019s plans to build the future of finance or schedule a demo as well as career opportunities.<\/p>\n<p>\n        <strong>About Mosaic <\/strong><br \/>\n        <br \/>Mosaic enables companies of all sizes to strategically run their business. Through a rapidly deployable software platform, Mosaic consolidates data and empowers teams with insights that help them make better decisions. Mosaic\u2019s software is currently deployed by some of the fastest-growing companies, helping them align, collaborate and plan for the future. Mosaic was founded in April of 2019 by Bijan Moallemi, Joseph Garafalo and Brian Campbell. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=KLq0rXyfVz10KwxlrRo_YMvagtL3CjrC0_NEE-oDEGaipqohPJBj0WZyudcbuFmPFeJfpn7yPthxYUQw2izCwA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.mosaic.tech<\/u><\/a>.<\/p>\n<p>\n        <strong>About General Catalyst<\/strong><br \/>\n        <br \/>General Catalyst is a venture capital firm that invests in powerful, positive change that endures \u2014 for our entrepreneurs, our investors, our people, and society. We support founders with a long-term view who challenge the status quo, partnering with them from seed to growth stage and beyond to build companies that withstand the test of time. 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. For more: www.generalcatalyst.com.<\/p>\n<p>\n        <strong>Contact: <\/strong>\n      <\/p>\n<p>Mosaic<br \/>info@mosaic.tech<\/p>\n<p>LaunchSquad for General Catalyst<br \/>generalcatalyst@launchsquad.com<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNjEzMCMzOTE4NDc5IzUwMDA3Njk4Mw==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/49f99de8-2556-43a4-927d-a823ab05cbc3\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>General Catalyst leads investment in software platform that provides CFOs with real-time data and insights needed to make informed financial decisions SAN DIEGO, Jan. 14, 2021 (GLOBE NEWSWIRE) &#8212; Mosaic, the company building the world\u2019s 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mosaic-secures-18-5-million-series-a-to-build-the-future-of-strategic-finance-bringing-total-funding-to-21m\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Mosaic Secures $18.5 Million Series A to Build the Future of Strategic Finance, Bringing Total Funding to $21M&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-415195","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mosaic Secures $18.5 Million Series A to Build the Future of Strategic Finance, Bringing Total Funding to $21M - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mosaic-secures-18-5-million-series-a-to-build-the-future-of-strategic-finance-bringing-total-funding-to-21m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mosaic Secures $18.5 Million Series A to Build the Future of Strategic Finance, Bringing Total Funding to $21M - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"General Catalyst leads investment in software platform that provides CFOs with real-time data and insights needed to make informed financial decisions SAN DIEGO, Jan. 14, 2021 (GLOBE NEWSWIRE) &#8212; Mosaic, the company building the world\u2019s 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 &hellip; Continue reading &quot;Mosaic Secures $18.5 Million Series A to Build the Future of Strategic Finance, Bringing Total Funding to $21M&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/mosaic-secures-18-5-million-series-a-to-build-the-future-of-strategic-finance-bringing-total-funding-to-21m\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-14T17:03:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNjEzMCMzOTE4NDc5IzUwMDA3Njk4Mw==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mosaic-secures-18-5-million-series-a-to-build-the-future-of-strategic-finance-bringing-total-funding-to-21m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mosaic-secures-18-5-million-series-a-to-build-the-future-of-strategic-finance-bringing-total-funding-to-21m\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Mosaic Secures $18.5 Million Series A to Build the Future of Strategic Finance, Bringing Total Funding to $21M\",\"datePublished\":\"2021-01-14T17:03:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mosaic-secures-18-5-million-series-a-to-build-the-future-of-strategic-finance-bringing-total-funding-to-21m\\\/\"},\"wordCount\":750,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mosaic-secures-18-5-million-series-a-to-build-the-future-of-strategic-finance-bringing-total-funding-to-21m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyNjEzMCMzOTE4NDc5IzUwMDA3Njk4Mw==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mosaic-secures-18-5-million-series-a-to-build-the-future-of-strategic-finance-bringing-total-funding-to-21m\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mosaic-secures-18-5-million-series-a-to-build-the-future-of-strategic-finance-bringing-total-funding-to-21m\\\/\",\"name\":\"Mosaic Secures $18.5 Million Series A to Build the Future of Strategic Finance, Bringing Total Funding to $21M - 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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. 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