Strategic Finance Is Set to Grow with Mosaic Raising $25 Million In Series B Funding

By Spencer Hulse Spencer Hulse has been verified by Muck Rack's editorial team
Published on April 3, 2022

Data is a major part of any venture, but it can take a lot of time and effort to comb through everything and use your findings to make impactful decisions. Mosaic works to provide real-time analytics and planning through its platform, allowing data to be collected and shared rapidly. From there, decisions can be made quickly, and teams can get ahead of the game. And with their latest round of funding, they plan to push their platform even further. See what they say in the official funding announcement below.

When we founded Mosaic in 2019, we didn’t want to just bring our product idea to market — we wanted to usher in a new era of strategic finance.

Now, three years later, we see people, teams, and companies embracing the practice.

It seems like every time we scroll through LinkedIn, there are more and more “strategic finance” job titles popping up across profiles. A quick search for “strategic finance” jobs shows open roles at companies like Sourcegraph, Intercom, Zendesk, SoFi, SeatGeek, Uber, and thousands more…

And we can’t help but smile when we see Stanford’s Business School roll out a program called, “The Emerging CFO: Strategic Financial Leadership.”

All of this is validation of our belief that traditional FP&A was due for a reboot.

And it’s also motivation. Motivation to continue pushing ourselves and our team to stay at the front of the pack when it comes to strategic finance software — because we aren’t the only ones who have recognized the industry’s need for a tech renaissance.

Today, we’re announcing our latest funding round to pour fuel on the fire and remain the leader in this space.

Mosaic has closed a $25 million Series B round led by Founders Fund with continued participation from General Catalyst, XYZ, Fifth Down Capital, and Friends & Family Capital.

This brings our total funding to $46 million over the last 12 months and gives us a war chest to accelerate the future of strategic finance.

In the last 14 months, we’ve grown our team by 400%. We’ve scaled every corner of our business as we push to bring the first and best Strategic Finance Platform to customers like Pipe, Fivetran, Sourcegraph, Drata, Kandji, and more. But there’s still so much more work to do.

This year, we’re planning to increase headcount another 140% so we can move even faster and solve some of finance’s biggest challenges. That starts with the upcoming release of our Topline Planner to give businesses the flexibility they need for revenue modeling in our platform. And it continues with a wave of new features centered on striking the perfect balance between automation and customization in both planning and analysis as well as enabling deeper collaboration between finance and its partners across the business. Of course, this also means deeper integrations with more systems our customers know and love.

One of our core values at Mosaic is to wow the customer. From prospecting to onboarding to day-to-day use of the platform, we want customers to experience WOW moments that show them their days of finance being stuck in vicious cycles of backward-looking reporting are over. We have a long way to go to realize the complete vision of strategic finance. But every day we’re engaging our customers to understand how best to help them become the strategic growth partners their businesses need.

We continue to pride ourselves on being a mission-driven, team-oriented organization. So once again, we’d like to thank our team, our amazing customers, and our investors for all their guidance and support as we fuel a new era of strategic finance.

2022 is a big year for Mosaic. And with this announcement, we know the work is just beginning.

The original article can be found on Mosaic’s official site.

By Spencer Hulse Spencer Hulse has been verified by Muck Rack's editorial team

Spencer Hulse is the Editorial Director at Grit Daily. He is responsible for overseeing other editors and writers, day-to-day operations, and covering breaking news.

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