Mozaic.io, a Nashville, TN-based provider of a payments platform for co-creators, raised $20M in Series A funding.
The round, which brought the total amount to $27.1M, was led by Volition Capital.
The company intends to use the funds to focus on new product development, including its new self-serve offering that enables creators to manage everything and connect to other platforms such as YouTube, Twitch, Shopify and others so all of their payments, collaborations and sales data are in one place. It will also expand its sales and product teams with a goal of doubling its headcount (currently 24) by the end of 2023.
Co-founded by CEO Marcus Cobb and SVP of Growth Rachel Knepp, Mozaic provides a payment platform for the co-creation economy. The company offers a global split payout API that allows music distributors and any creator on any platform to easily add their splits, tag collaborators, and automate multi-party payments for revenues and royalties in a matter of minutes. Mozaic started with a focus on payouts for music distributors, artists and collaborators. Today, the company serves the entire peer-to-peer creator economy with a goal to expand further into the gig and freelance economy.
FinSMEs
27/11/2023