Total amount raised
$489.2 Million
Latest funding date
8/1/2016
Location
Mosaic has raised funding through 13 rounds, with the latest being a Private Equity round. The platform is backed by 18 investors, including Guggenheim Securities and Warburg Pincus.
Keep reading to explore the intricacies of Mosaic's fundraising journey and the investors backing this innovative platform.
What Is Mosaic?
Mosaic is a residential solar lending platform based in Oakland, California. The company operates in the clean energy, finance, and home improvement industries, focusing on enabling people to profit from the benefits of solar energy.
With a workforce of 101-250 employees, Mosaic has been involved in 13 funding rounds and is backed by 18 investors, including Guggenheim Securities and Warburg Pincus. The company continues to support sustainable home improvements through its innovative financial solutions.
How Much Funding Has Mosaic Raised?
- Private Equity Round
- Amount Raised: USD 40,000,000
- Date: August 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Raised for working capital purposes.
- Private Equity Round
- Amount Raised: USD 220,000,000
- Date: August 2016
- Lead Investors: Warburg Pincus
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expansion in the residential solar lending market.
- Debt Financing
- Amount Raised: USD 200,000,000
- Date: April 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand financial capabilities and support lending operations.
- Series Unknown
- Amount Raised: USD 6,477,005
- Date: March 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and growth.
- Grant
- Amount Raised: USD 1,000,000
- Date: January 2014
- Lead Investors: Verizon
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support technological advancements and innovation.
- Debt Financing
- Amount Raised: USD 387,025
- Date: November 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance financial stability and support operations.
- Series B
- Amount Raised: USD 15,000,000
- Date: July 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and market expansion.
- Debt Financing
- Amount Raised: USD 450,000
- Date: July 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support financial operations and stability.
- Debt Financing
- Amount Raised: USD 210,000
- Date: June 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance financial capabilities and support operations.
- Seed
- Amount Raised: Not publicly disclosed
- Date: January 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial growth.
Total Amount Raised: USD 483,524,030. Current Valuation: Not publicly disclosed.
Key Investors
- Guggenheim Securities
- Details: Guggenheim Securities is the investment banking and capital markets division of Guggenheim Partners, a global investment and advisory firm. They provide services in investment banking, sales and trading, research, and asset management.
- Investment Focus Areas: Financial services, capital markets, asset management.
- Notable Investments: Mosaic, various financial and advisory services.
- Warburg Pincus
- Details: Warburg Pincus is a leading global private equity firm focused on growth investing. The firm has more than $60 billion in private equity assets under management.
- Investment Focus Areas: Technology, healthcare, financial services, energy, consumer and industrial sectors.
- Notable Investments: Mosaic, CrowdStrike, Ant Financial.
- DZ Bank
- Details: DZ Bank is one of the largest banks in Germany and acts as the central institution for more than 800 cooperative banks. It provides a range of financial services including corporate banking, investment banking, and asset management.
- Investment Focus Areas: Banking, financial services, corporate banking.
- Notable Investments: Mosaic, various financial facilities.
- NY Green Bank
- Details: NY Green Bank is a state-sponsored financial entity that works to accelerate clean energy deployment in New York State by working with the private sector to transform financing markets.
- Investment Focus Areas: Clean energy, sustainable infrastructure, renewable energy projects.
- Notable Investments: Mosaic, various clean energy projects.
- Verizon
- Details: Verizon is a global leader in delivering innovative communications and technology solutions. The company operates America's most reliable wireless network and the nation's premier all-fiber network.
- Investment Focus Areas: Telecommunications, technology, media.
- Notable Investments: Mosaic, various technology and media ventures.
What's Next for Mosaic?
Mosaic's future looks promising with significant opportunities on the horizon. The company has secured $40 million for working capital and a $200 million warehouse facility from DZ Bank and NY Green Bank. These funds will enable Mosaic to expand its financial capabilities and support its lending operations, positioning it well for future growth in the renewable energy sector.
As Mosaic continues to attract substantial investments, future fundraising opportunities seem likely. The transition from peer-to-peer lending to a balance sheet lending model reflects industry trends and could open doors for strategic partnerships and additional funding rounds. However, managing this transition and securing continuous capital will be critical challenges for the company.
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