# Mosaic Building Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mosaic-building-group

- Industry: Construction
- Headquarters: Phoenix, US
- Website: www.mosaic.us
- Total disclosed funding: $58M
- Latest round: Series B (Jul 7, 2021)
- Investors on record: 8

## About

Mosaic Building Group Inc. specializes in build-to-rent construction and pre-development, leveraging advanced technology and sustainable practices to deliver innovative residential solutions.Founded in 2015 and headquartered in Phoenix, US, Mosaic Building Group Inc. focuses on build-to-rent housing solutions. The company has completed two notable deals, with its most recent funding round occurring on July 7, 2021, where it raised USD 44.08 mn in Series B funding led by investors including Andreessen Horowitz and Building Ventures. The firm was co-founded by Salman Ahmad and Sep Kamvar, with Salman Ahmad serving as the CEO. The company has evolved its strategic approach to meet the growing housing demand in key metropolitan areas.Mosaic's core offerings center on build-to-rent (BTR) construction and pre-development, emphasizing the integration of advanced technology with environmentally sustainable practices. The company specializes in delivering a diverse range of residential products, including single-family homes and townhomes, tailored to various architectural styles and densities. Mosaic's innovative approach facilitates rapid unit delivery, enhancing early leasing potential while minimizing operational inefficiencies through their proprietary Mosaic Hub platform. Targeting major metropolitan markets across Arizona and Texas, Mosaic serves a broad client base that includes real estate developers, investors, and municipalities, aiming to address the growing housing demand in these regions. By leveraging deep supply-chain expertise and a hybrid construction-software model, Mosaic positions itself as a leader in producing energy-efficient homes, contributing significantly to the national build-to-rent landscape.Mosaic generates revenue primarily through contracts for construction services provided to developers and real estate investors within the build-to-rent sector. The transaction structure includes direct B2B relationships where clients engage Mosaic for comprehensive construction solutions encompassing planning, execution, and project management. Business transactions typically involve fixed-price contracts based on project specifications, which may incorporate provisions for cost savings and efficiency improvements facilitated by their technology platform, Mosaic Hub. This platform not only enhances operational workflows but also allows for streamlined communication throughout the construction process. While specific pricing details for individual services are not disclosed, Mosaic's emphasis on cost-effectiveness is demonstrated through its ability to deliver significant savings compared to traditional general contractors and homebuilders.In July 2021, Mosaic Building Group Inc. raised USD 44.08 mn in Series B funding to support its expansion from Flagstaff and Prescott into Phoenix and Tucson. The company plans to leverage this funding to enhance its operational capabilities and develop new products aimed at increasing efficiency and sustainability in construction. Mosaic aims to solidify its presence in the Arizona market while exploring opportunities to expand into Texas and beyond in the near future.

## Funding rounds

- Series B, Jul 7, 2021, $44M — Founders Fund, Andreessen Horowitz, Innovation Endeavors, Peak State Ventures, Building Ventures
- Series A, Sep 2, 2020, $14M — Greylock Partners, Founders Fund, Andreessen Horowitz, Thrive Capital, Slow

## Investors

- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series A
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A, Series B
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A, Series B
- Thrive Capital (https://capitalatlas.ai/funds/thrive-capital) — Series A
- Slow (https://capitalatlas.ai/funds/slow) — Series A
- Innovation Endeavors (https://capitalatlas.ai/funds/innovation-endeavors) — Series B
- Peak State Ventures (https://capitalatlas.ai/funds/peak-state-ventures) — Series B
- Building Ventures (https://capitalatlas.ai/funds/building-ventures) — Series B