Mozaic is a global payment platform built for co-creators on any project anywhere. Based in Chicago and Nashville, Mozaic provides smart contracts that automate split income among creative teams. Their vision is to put more time and money into the lives of creators and become the premier payment platform for ...
Latest capital raise includes a who’s-who of notable Nashville investors, including Joe Galante and Chris Parr, as the rapidly growing startup races toward its Series A.
Formerly Jammber, Mozaic, the platform making international and split payments simple for a global, collaborative creator economy, has received investment from some of the best-respected names in the music industry, including major players from Nashville. This seed series round, projected to reach $5.5 M, remains open, but has already received sizable commitments, despite a challenging investment climate.
Joe Galante, former chairman and CEO of Sony Music Nashville and recent Country Music Hall of Fame inductee, and respected music manager Chris Parr (Jason Aldean, Darius Rucker) of Maverick Management Nashville, are among the returning investors coming in with six-figure investments, recommitting to Mozaic’s drive to change the world’s co-creation economy and make payment management and execution more efficient and easy.
"Anyone will tell you music tech is a challenging sector. So, when you see a company like Mozaic really start getting significant traction you throw more fuel on the fire because big things are ahead. That's what we're doing here,” says Parr.
After a genre-defining career in country music, Galante is focusing on giving back to Nashville. He founded Project Music as part of the Nashville Entrepreneur Center in 2015. Project Music incubated and invested in a previous iteration of Mozaic’s predecessor, Jammber, which was specifically designed to service music professionals. Now Galante is recommitting to the startup’s latest evolution, expanding in a broader vision to serve all creators and creatives.
"I started the Project Music accelerator with the people at the Nashville EC to give great founders and companies the advantage of experienced, creative industry mentors and access to strategic investors," Galante explains. "I and the other investors continue to invest in Marcus and Mozaic because they have created something we can clearly see is a game changer for creators and entertainment companies everywhere. Everyone wants to get paid faster."
Other investors include Revolution’s Rise of the Rest Seed Fund (helmed by Steve Case) and Nashville angel investors InCrowd Capital, as well as several talent management agencies and Vector Management Nashville.
Powered by two long-time industry innovators, Marcus Cobb and Rachel Knepp, the company is out to build a virtual back office for creators, big and small, focusing on smart contracts, automatic payments, and splits. This platform is designed for all creatives, from songwriters and producers, to independent artists and distribution companies, to influencers. Though freshly launched, Mozaic has already won over big-name producers such as Drumma Boy and major financial services partners like Visa.
“The future is going to be all about open collaboration that spans the world, and we’re creating a new standard for payments to empower this future,” says co-founder and CEO Cobb. “We believe automated payments are an important part of that vision. Our investors in Nashville and Chicago have played the long game with us and together we're bringing this vision to reality.”
About Mozaic
Mozaic is a global payment platform built for co-creators on any project anywhere. Based in Chicago and Nashville, Mozaic provides smart contracts that automate split income among creative teams. Their vision is to put more time and money into the lives of creators and become the premier payment platform for the world’s co-creation economy. Mozaic has been selected for the 2022 Google for Startups Accelerator: Black Founders cohort, a program that guides growth-stage startups founded by Black leaders through best uses of Google's tools and services, offering support and advice along the way. Mozaic co-founder Rachel Knepp also won first place in the LGBTQ+ category in Visa’s Everywhere Initiative pitch competition, which included a strategic partnership with Visa and a cash prize.