What is Mosaic?
Mosaic is a nonprofit 501(c)(3) organization founded in 1913, dedicated to empowering individuals with disabilities, mental and behavioral health needs, and autism, as well as aging adults, to live fulfilling lives. As an affiliated social ministry organization of the Evangelical Lutheran Church in America and a member of Lutheran Services in America, Mosaic operates with a mission-driven approach to comprehensive care. The company's extensive history and broad service offerings position it as a key player in the social services and healthcare landscape, focusing on holistic well-being and support.
How much funding has Mosaic raised?
Mosaic has raised a total of $268M across 6 funding rounds:
Series A
$3.7M
Grant
$2M
Debt
$2.5M
Debt
$19.2M
Debt
$200M
Private Equity
$40.7M
Series A (2012): $3.7M with participation from Spring Ventures
Grant (2012): $2M led by United States Department of Energy
Debt (2013): $2.5M, investors not publicly disclosed
Debt (2015): $19.2M, investors not publicly disclosed
Debt (2016): $200M backed by NY Green Bank and DZ Bank
Private Equity (2016): $40.7M with participation from Core Innovation Capital, Obvious Ventures, and Warburg Pincus
Key Investors in Mosaic
Spring Ventures
Spring Ventures is an independent private equity firm investing in UK companies with high growth potential, focusing on sectors including healthcare. Their investment in Mosaic suggests a strategic alignment with growth-oriented healthcare businesses.
Core Innovation Capital
Core Innovation Capital is a fintech venture capital firm that invests in early-stage technology businesses aimed at unlocking wealth and health for the mass market. Their participation indicates an interest in innovative approaches within the health sector.
Obvious Ventures
Obvious Ventures is a firm that transforms client ideas into compelling marketing and communications materials. Their involvement might suggest a focus on enhancing Mosaic's outreach and communication strategies.
What's next for Mosaic?
The substantial enterprise-level funding and recent strategic investment indicate Mosaic is poised for significant expansion and enhancement of its services. This capital infusion will likely fuel initiatives aimed at broadening its reach, developing innovative care models, and potentially integrating new technologies to further support its diverse client base. The company's nonprofit status suggests a focus on sustainable growth and impact, leveraging this financial backing to deepen its commitment to empowering individuals and communities.
See full Mosaic company page
