Strategic finance platform Mosaic has raised $25m in Series B funding in a round led by Founders Fund.
The round also saw participation from existing investors General Catalyst, XYZ Venture Capital, Fifth Down Capital, and Friends & Family Capital. This brings the company’s total funding over the last 12 months to $46m.
Mosaic said it is “powering the next generation of strategic finance leaders,” through its strategic finance platform. It acts as a “compass” for business leaders and sits at the centre of the CFO tech stack.
In the last 14 months, Mosaic has grown its 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,” the company said.
Mosaic said the funding will be used to further expand its product development and go to market teams as it continues to add greater depth and flexibility to its suite of financial products, transforming the way CFOs operate. This includes a new topline planning component that will debut later this year.
In a statement on the company’s website, Bij, Joe and Brian from the Mosaic founding team, said, “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 realise 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.”
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