Andre Iguodala Raises $200M For His Venture Capital Firm

Andre Iguodala and his venture capital firm are teaming up with his longtime business partner, Rudy Cline-Thomas, an industry veteran who founded Mastry Ventures in 2021. Under their guidance, the venture capital firm has been rebranded as Mosaic General Partnership after successfully raising a $200 million fund, as reported by Inc Magazine.

The fund will focus on providing early-stage funding for enterprise software, fintech, and sports companies. Notably, their past portfolio includes startups that achieved significant success, such as Allbirds, Hims, Coinbase, and Carta. Furthermore, in July, Cline-Thomas and Iguodala ventured into sports ownership as co-owners of the English soccer club Leeds United.

In a recent interview with the New York Times’ Dealbook newsletter, Iguodala shared how his move to the Bay Area in 2013 to join the Warriors was a strategic part of his plan to explore the tech industry.

He explained, “When I initially went out to the Bay Area, it was my intent to have success on and off the court. I thought about how to get access.”

Iguodala is not the first former Warrior to dive into venture capital. Now, with the Phoenix Suns, Kevin Durant established himself as a significant player in the VC arena during his time with the Warriors. Durant’s company, Thirtyfive Ventures, was co-founded in 2016 with Durant’s agent, Rich Kleiman, and has since made 61 investments in various startups.

In 2019, Thirtyfive Ventures introduced Boardroom, a media network blending sports, entertainment, business, and culture. Additionally, Thirtyfive Ventures owns stakes in rising sports properties like NWSL and e-sports, leveraging opportunities in these sectors.

Through Iguodala’s Mosaic General Partnership organization, his primary attention is directed toward sectors where his expertise can help mitigate risks. His team at Mosaic has cultivated connections over time that hold the potential to unlock opportunities, establish collaborations, and contribute value right from the outset.