Photo - Mosaic
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Mosaic

USA, Boston
Market: Other
Stage of the project: Operating business

Date of last change: 26.01.2023
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Idea

In these demanding times of long hours and tired mornings, it’s hard not to be familiar with Starbucks and their rewards app. Mosaic has reimagined and reengineered this concept for cannabis, and it’s a brilliant piece of tech. Mosaic’s software offers an extremely efficient and effective way for dispensary retailers to get their products in front of cannabis consumers in a familiar and engaging manner.

Current Status

Mosaic raised a $1.5m seed round in Jan22', then developed a breakthrough platform that is better than our competition who was valued at $3.85b, signed a contract with the largest customer in the industry, locked in strategic GTM partners, and are delivering respective 52%, 54% and 40% month-over-month online sales growth for our pilot customer. We now aim to become the tech leader in the new $400b cannabis market.

Market

Dispensary retail locations and cannabis operators

Problem or Opportunity

Dispensaries face increasing competitive pressure while their consumer facing digital solutions are based on 10 year old technology because the federal legal situation has kept the big players out.

Solution (product or service)

Mosaic provides the industries first complete digital consumer experience platform that enables dispensaries to provide their own branded Starbucks like digital solutions that consumers expect and are proven to drive top and bottom line results.

Competitors

Dutchie valued at $3.85 billion

Advantages or differentiators

Mosaic is the first to cannabis market with a single platform for the digital customer experience to include branded eCommerce, app, CRM, loyalty, rewards, payments, delivery, reports and analytics.

Finance

Mosaic has a similar revenue business model as Toast and receives subscription and transaction fees for each customer.

Business model

Simple, Mosaic charges $500 per month subscription fee for each location. Additional upsell fees can apply generating a wealth of new revenue and profit streams.

Team or Management

Risks

Risks associated with startup to include capitalization to successfully ramp customers and scale.
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video
Presentation