Finance management fintech Mosaic closes series B round

Launched in 2019, Mosaic operates a “strategic finance platform” that gives CFOs a view of data from a number of systems and planning tools for timely predictions and forecasting

Finance management fintech Mosaic has closed a $25 million series B funding round.

The series B round takes the US fintech’s total raised to $46 million over the last 12 months.

Launched in 2019, Mosaic operates a “strategic finance platform” that gives chief finance officers a view of data from a number of systems and planning tools for timely predictions and forecasting. 

The fintech, whose customers include Pipe, Fivetran, Sourcegraph, Drata and Kandji, said the series B round “gives us a war chest to accelerate the future of strategic finance”. 

Some of the funding will be invested in increasing Mosaic’s headcount by 140% this year, after growing 400% in the last 14 months.

Mosaic also plans to roll out new features, starting with Topline Planner to give businesses flexibility for revenue modelling, and enter into deeper integrations with other systems.

Founders Fund led the series B round, with participation from General Catalyst, XYZ, Fifth Down Capital and Friends & Family Capital.

Image: Mosaic

Mark Dugdale