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.
Law Firms: Latham & Watkins;
Clients: Mosaic Building Group;