Mosaic Building Group’s $14.25 Million Series A Financing Round

Latham & Watkins LLP represented Mosaic Building Group in the financing.

Mosaic Building Group, a Phoenix-based proptech startup, raised US$14.25 million in a Series A funding round led by Andreessen Horowitz, also known as a16z.

The Series A round brings total funding for the tech-focused construction startup to US$24.75 million. The financing included participation from backers, including Peter Thiel’s Founders Fund, Joshua Kushner’s Thrive Capital, Eric Schmidt’s Innovation Endeavors, Greylock Partners and Slow Ventures. A number of angels also put money in the deal, including Opendoor CEO Eric Wu and Michael Milstein of Milstein Properties and Emigrant Bank.

Latham & Watkins LLP represented Mosaic Building Group in the financing with a corporate team led by Bay Area partner Benjamin Potter (Picture), with associates Nima Movahedi, Vishal Ganesan, and Shannon Cheng.

Involved fees earner: Shannon Cheng – Latham & Watkins; Vishal Ganesan – Latham & Watkins; Nima Movahedi – Latham & Watkins; Benjamin Potter – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Mosaic Building Group;

Author: Ambrogio Visconti