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.