Friday, August 5, 2016
Core Innovation Capital Backs Mosaic's $220M Funding
Los Angeles-based fintech investor Core Innovation Capital is one of the backers in a big, $220M equity funding for solar power financing provider Mosaic. Mosaic, which works with both owners and installers to help provide the upfront capital for residential solar installs, said the $220M equity round was led by Warburg Pincus, and also included Core Innovation Capital and Obvious Ventures. The company is based in Oakland. Core Innovation Capital is very active nationally in fintech investments, and raised a big fund in 2015. The firm recently saw a quick exit at portfolio company Honest Dollar, which was recently acquired by Goldman Sachs.