AZ Business Magazine | AZ Big Media
The demand for new housing continues at record-breaking levels throughout the fast-growing state of Arizona. In addressing this demand, Phoenix-based construction technology company Mosaic, and its building partner Mandalay Homes, have hit a new milestone, with the construction of more than 315 homes for Arizona families, but this is just the start.
Over the last 12 months, Mosaic has quadrupled in size to a team of 130, fueled largely by a $14.5 million Series A investment round led by venture capital firm, Andreessen Horowitz.
“We are holding true to the traditional way of homebuilding,” says Salman Ahmad, CEO and co-founder of Mosaic. “But if we can achieve even a fraction of the gains seen in software updates, we can create more unique places that are operationally viable and financially attainable.”