Radical Ventures leads financing to expand Mosaic’s deterministic deal modeling platform across investing workflows and asset classes

NEW YORK, April 22, 2026 /CNW/ — Mosaic, the AI-driven deal modeling platform built for private markets, today announced it has raised an $18 million Series A led by Radical Ventures. Mosaic will use the new funding to deepen product capabilities across private equity workflows and accelerate expansion into adjacent markets including investment banking and private credit.

Mosaic is building the operating system for the world’s most sophisticated investors and their advisors by automating the deal modeling analyses historically built and maintained manually in Excel. Mosaic combines deterministic, rules-based calculations with AI-driven ingestion and agentic workflows to help deal teams move faster, reduce spreadsheet errors, and focus on applying investment judgment rather than performing mechanical tasks.

Today, Mosaic is used by leading private market institutions including Warburg Pincus, Bridgepoint, CVC, New Mountain, and Evercore. Customers report up to 20x faster completion of core deal analyses such as LBOs and DCFs while completely eliminating spreadsheet “mis-link” errors through Mosaic’s rules-based modeling engine.

In 2025, Mosaic was selected by five of the top ten global private equity firms as their AI-driven deal modeling platform of choice, and by two of the world’s most prolific investment banks to reimagine how they model and analyze transactions for clients.

“Before Mosaic, thousands of investors (myself included) spent hundreds of hours iterating on generic spreadsheet templates to rebuild and refine the same calculation scaffolding for each new investment opportunity,” said Ian Gutwinski, Founder & CEO of Mosaic. “Yet all those hours do nothing to improve investment outcomes. We built Mosaic so investors and bankers can spend less time linking and more time thinking. Our platform gives users the speed of automation and the reliability of deterministic calculations, so they can trust the analysis every time.”

Unlike Excel copilots and other probabilistic approaches, Mosaic’s modeling engine is designed to produce replicable, audit-ready outputs that teams can standardize across workflows, creating a foundation for institutional memory and better decision-making over time. As all models are created and stored in a centralized, standardized database siloed to each client, firms can increasingly analyze underwriting patterns across their proprietary deal data and benchmark assumptions against actual outcomes.

Mosaic Autopilot: Agentic Modeling From a Single Email

Mosaic’s flagship agentic AI feature, Mosaic Autopilot, enables users to kick off model creation via an emailed prompt to Mosaic’s agent, “Mo,” who ingests supporting documents (including CIMs), applies firm-specific defaults, and generates an “MD-ready” model in an email reply within 5 minutes.

“When I worked in Investment Banking and Private Equity, I was always shocked at how much time some of the most expensive talent in the world spent trying to fix broken models with sheer brute force”  said Ryan Shannon, Partner at Radical Ventures, who himself used to spend hundreds of hours updating deal models as an Associate at Private Equity giant TPG. “With Mosaic, that same expensive talent can instead spend their time thinking about the crucial decisions that separate good investments from great ones.”

Use of Funds

Mosaic will expand its New York-based team across:

Engineering & product, to expand workflow coverage and scale enterprise deploymentsCustomer enablement, to support training and adoption across enterprise clientsGo-to-market, to expand Mosaic’s presence across private equity, private credit, and investment banking firms

Mosaic currently has 16 employees and expects to grow to 40+ by the end of 2026.

Board Updates

As part of the Series A, Ryan Shannon, Partner at Radical Ventures, and Troy Pospisil, Founder & CEO of legal tech leader Ontra.ai (and Mosaic’s first investor), will join Mosaic’s Board of Directors. John Megrue, Vice Chairman of Radical Ventures and former CEO of Apax, will serve as a strategic advisor to Mosaic’s CEO.

“There’s a ton of noise in the financial services world right now when it comes to AI tools. Unfortunately, the vast majority of these offerings overpromise and underdeliver, and are not delivering real value to firms,” said John Megrue. “Mosaic is a rare exception of a team that deeply understands what the top investment banks, private equity funds, and private credit funds need, and is one of the few products actually delivering value today.”

“I’m excited to be joining Mosaic’s Board after backing the company early as a personal investor,” said Troy Pospisil. “Mosaic is tackling a complex problem for a market I care deeply about, and I believe Ian and the world-class team he’s assembled around him possess the unique mix of industry experience, technical depth, and relentlessness to actually change embedded behavior that hasn’t evolved in 50 years. Amidst an AI hype cycle, Mosaic is sticking to the first principles of entrepreneurship that I admire: being customer-obsessed and using every available technology and resource – whether AI, workflow, or world-class support – to deliver outcomes that its customers truly value.”

Learn More

To book a demo, visit https://www.mosaic.pe/demo

To explore open roles, visit https://mosaic.pe/careers

About Mosaic

Mosaic is the leading AI-driven deal modeling platform for private markets. The company automates and standardizes fundamental analyses, such as LBOs and DCFs, using deterministic, rules-based calculations combined with AI-powered ingestion and agentic workflows. Mosaic helps private equity firms, private credit firms, hedge funds, and investment banks reduce time spent on mechanical modeling work and increase time spent on investment judgment.

Less time linking, more time thinking.

About Radical Ventures

Radical Ventures is a Toronto-based venture capital firm focused exclusively on investing in artificial intelligence and deep technology. Founded in 2017, the firm partners with early and growth-stage companies building transformative AI applications across science, industry, and technology. Radical manages more than US$2.5 billion in assets and has invested in category leaders such as Cohere, Waabi, World Labs, and Writer AI.

Press Contact
Manasa Grandhi
Director of Operations
press@mosaic.pe
https://mosaic.pe

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SOURCE Investor Technology Group, Inc.

NEW YORK, April 22, 2026 /PRNewswire/ — A recent article from Consumer365 highlights a growing shift in how outdoor equipment is designed, with a focus on solving everyday challenges like limited storage and difficult transport. At the center of the feature is the Coleman Snap N’ Go Collapsible Hard Cooler, presented as a new type of hard cooler that prioritizes storability without sacrificing performance.

Best Premium Cooler for Outdoor Leaders and Enthusiasts

Coleman Snap N’ Go Cooler – durable, collapsible hard cooler offering multi-day cold retention, compact storability, and versatile portability for outdoor leaders and enthusiasts managing trips, gear, and group outings efficiently

Outdoor leaders and enthusiasts are increasingly planning longer trips, coordinating group activities, and managing multiple pieces of equipment at once. In this context, a cooler is no longer just for keeping drinks cold. It plays a role in organization, transportability, and overall trip efficiency. This shift has led to greater attention on how gear performs not only during use, but also before and after each outing.

Coleman’s Snap N’ Go cooler reflects this change through an innovative design that combines durability with improved portability.

A New Approach to Hard Cooler Design

Traditional hard coolers are known for their strength and insulation, but their fixed size often creates storage challenges. Even when empty, they take up significant space in homes, vehicles, or storage areas. Soft coolers improve portability, yet they may not offer the same level of durability or cold retention.

The Snap N’ Go cooler introduces a different solution. Its structure allows it to collapse to 1/3 of its size in seconds, depending on the model. This feature improves storability while preserving the core function of a hard cooler when fully expanded.

Key design elements include:

Collapsible hard-sided construction for compact storageQuick transition between expanded and collapsed formsA multi-carrying system that supports portabilityA layout designed to improve transportability across different environments

This design allows users to store the cooler under beds, in closets, or alongside other gear without needing to dedicate permanent space to it.

Midway through the article, Consumer365 notes that this type of development reflects a growing need for equipment that adapts to real-life constraints rather than assuming unlimited storage capacity.

Balancing Durability with Everyday Portability

While the collapsible structure is a defining feature, performance remains a priority. The cooler is built with a fully insulated body and lid, supporting cold retention for up to 48 hours under standard use conditions. This makes it suitable for multi-day trips where consistent cooling is necessary.

Durability is also a central focus. When expanded, the cooler is engineered to support up to 200 pounds of weight. This reflects a reinforced build designed to handle regular outdoor use, including loading, unloading, and transport over uneven terrain.

For outdoor leaders, durability is essential. Equipment is often exposed to repeated handling and changing environments. A cooler that maintains structural integrity while improving portability offers a practical advantage, reducing the need to compromise between strength and convenience.

Designed for Easier Cleaning and Reuse

Maintenance is another important factor, particularly for users who rely on their gear frequently. The Snap N’ Go cooler includes a removable waterproof liner with antimicrobial protection. This feature helps reduce leaks and limit odor buildup over time.

After use, the liner can be removed, cleaned, and dried separately before being stored with the collapsed cooler. This supports better hygiene and simplifies post-trip routines, especially for those managing food and beverages across multiple outings.

The liner’s compatibility with the collapsible structure also contributes to overall storability, ensuring that all components remain compact and easy to manage between uses.

Size Options for Different Trip Demands

The Snap N’ Go series is available in three sizes, allowing users to select a model that fits their specific needs. Each size maintains the same core features, including insulation, durability, and portability.

35-quart model

Holds up to 64 cans without iceCollapses to half its sizeSuitable for short trips or smaller groups

45-quart model

Holds up to 76 cans without iceCompresses to 1/3 of its size in secondsBalances capacity with improved transportability

55-quart model

Holds up to 93 cans without iceCompresses to 1/3 of its size in secondsDesigned for extended trips and larger groups

This range allows users to prioritize either compact storage or higher capacity, depending on the type of outing. At the same time, the consistent design across all models ensures reliability regardless of size.

Why It Matters for Outdoor Leaders and Enthusiasts

For those organizing outdoor trips, managing equipment efficiently is often as important as the activity itself. A cooler that reduces storage space, improves portability, and maintains durability can simplify preparation and reduce logistical challenges.

The Snap N’ Go cooler addresses several of these needs:

Reduced storage requirements through its collapsible structureFaster setup and packing during tripsReliable cold retention for extended useImproved transportability across different settings

For enthusiasts, the cooler offers flexibility. It can be used across a range of scenarios, from casual day trips to longer outdoor stays, without requiring separate gear. This adaptability supports a more streamlined approach to packing and planning.

A More Flexible Option for Outdoor Trips

The development of a collapsible hard cooler reflects a practical response to the evolving needs of outdoor users. By combining durability, insulation, and compact storage into a single system, the Coleman Snap N’ Go cooler introduces a new way to think about traditional equipment.

As highlighted by the Consumer365 article, this innovative approach places equal importance on performance and storability. For outdoor leaders and enthusiasts, it represents a shift toward gear that is not only reliable in use but also easier to manage before and after every trip.

About Coleman

Coleman is an established outdoor brand known for producing equipment designed for camping, travel, and recreational use. Its product range includes coolers, tents, lighting, and cooking systems developed to support consistent performance in a variety of environments. The company focuses on practical and innovative design improvements that address real-world challenges, including portability, durability, and storability. Through continuous product development, Coleman aims to refine traditional outdoor gear to better suit modern travel needs and evolving user expectations.

About Consumer365.org: Consumer365 provides consumer news and industry insights. As an affiliate, Consumer365 may earn commissions from sales generated using links provided.

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SOURCE Consumer365.org

Third quarter guidance reflects double digit sales and EPS growth

GALWAY, Ireland, April 22, 2026 /PRNewswire/ — TE Connectivity plc (NYSE: TEL) today reported results for the fiscal second quarter ended March 27, 2026.

Second Quarter Highlights

Net sales were $4.74 billion, an increase of 15% on a reported basis year over year, driven by growth in both the Industrial and Transportation segments, and 7% organically.GAAP diluted earnings per share (EPS) from continuing operations was $2.90. Adjusted EPS was a record $2.73, an increase of 24% year over year.GAAP operating margin was 20%, an increase of 200 basis points year over year. Adjusted operating margin expanded 130 basis points year over year to 22%, driven by strong operational performance across both segments.Record orders of $5.3 billion, an increase of 25% year over year with double-digit order growth in both segments and growth in all businesses.Cash flow from operating activities during the first half of the fiscal year was $1.8 billion. Free cash flow was $1.3 billion, up 17% year over year.Returned $1.2 billion to shareholders during the first half and announced 10% increase in quarterly cash dividend.

“Our teams delivered another quarter of results above guidance, including double-digit sales growth and record adjusted EPS,” said CEO Terrence Curtin. “This performance and our record orders were driven by our strategic positioning in key trends including AI, next generation transportation and electric grid modernization, along with the broadening of growth across our portfolio. We’re well positioned to capitalize on the proliferation of data and power to provide our customers with leading interconnect technologies. Our strong margin performance reflects the resilience we’ve built to mitigate the dynamic environment we continue to operate in around the world.

“Looking ahead to the third quarter, our ongoing orders momentum across all businesses positions us to deliver double digit sales growth to $5 billion, with continued strong operational performance to drive a double-digit increase in EPS. We continue to invest in innovative products and technologies that support our global customers and fuel our future growth.”

Third Quarter FY26 Outlook
For the third quarter of fiscal 2026, the company expects sales of approximately $5 billion, an increase of 10% on a reported basis and 9% organically year over year. Adjusted EPS is expected to be approximately $2.83, an increase of 17% year over year. GAAP EPS from continuing operations is expected to be approximately $2.44, an increase of 14% year over year.

Information about TE Connectivity’s use of non-GAAP financial measures is provided below. For reconciliations of these non-GAAP financial measures, see the attached tables.

Conference Call and Webcast
The company will hold a conference call for investors today beginning at 8:30 a.m. ET. The conference call may be accessed in the following ways:

At TE Connectivity’s website: investors.te.comBy telephone: For both “listen-only” participants and those participants who wish to take part in the question-and-answer portion of the call, the dial-in number in the United States is (800) 715-9871 and for international callers, the dial-in number is (646) 307-1963.A replay of the conference call will be available on TE Connectivity’s investor website at investors.te.com at 11:30 a.m. ET on April 22.

About TE Connectivity
TE Connectivity plc (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. As a trusted innovation partner, our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, energy networks, automated factories, data centers enabling artificial intelligence, and more. Our more than 90,000 employees, including 10,000 engineers, work alongside customers in approximately 130 countries. In a world that is racing ahead, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat and Instagram.

Non-GAAP Financial Measures
We present non-GAAP performance and liquidity measures as we believe it is appropriate for investors to consider adjusted financial measures in addition to results in accordance with accounting principles generally accepted in the U.S. (“GAAP”). These non-GAAP financial measures provide supplemental information and should not be considered replacements for results in accordance with GAAP. Management uses non-GAAP financial measures internally for planning and forecasting purposes and in its decision-making processes related to the operations of our company. We believe these measures provide meaningful information to us and investors because they enhance the understanding of our operating performance, ability to generate cash, and the trends of our business. Additionally, we believe that investors benefit from having access to the same financial measures that management uses in evaluating our operations. The primary limitation of these measures is that they exclude the financial impact of items that would otherwise either increase or decrease our reported results. This limitation is best addressed by using these non-GAAP financial measures in combination with the most directly comparable GAAP financial measures in order to better understand the amounts, character, and impact of any increase or decrease in reported amounts. These non-GAAP financial measures may not be comparable to similarly-titled measures reported by other companies.

The following provides additional information regarding our non-GAAP financial measures:

Organic Net Sales Growth (Decline) – represents net sales growth (decline) (the most comparable GAAP financial measure) excluding the impact of foreign currency exchange rates, and acquisitions and divestitures that occurred in the preceding twelve months, if any. Organic Net Sales Growth (Decline) is a useful measure of our performance because it excludes items that are not completely under management’s control, such as the impact of changes in foreign currency exchange rates, and items that do not reflect the underlying growth of the company, such as acquisition and divestiture activity. This measure is a significant component in our incentive compensation plans.

Adjusted Operating Income and Adjusted Operating Margin – represent operating income and operating margin, respectively, (the most comparable GAAP financial measures) before special items including restructuring and other charges, acquisition-related charges, amortization expense on intangible assets, impairment of goodwill, and other income or charges, if any. We utilize these adjusted measures in combination with operating income and operating margin to assess segment level operating performance and to provide insight to management in evaluating segment operating plan execution and market conditions. Adjusted Operating Income is a significant component in our incentive compensation plans.

Adjusted Income Tax (Expense) Benefit and Adjusted Effective Tax Rate – represent income tax (expense) benefit and effective tax rate, respectively, (the most comparable GAAP financial measures) after adjusting for the tax effect of special items including restructuring and other charges, acquisition-related charges, amortization expense on intangible assets, impairment of goodwill, other income or charges, and certain significant tax items, if any.

Adjusted Income from Continuing Operations – represents income from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition-related charges, amortization expense on intangible assets, impairment of goodwill, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects.

Adjusted Earnings Per Share – represents diluted earnings per share from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition-related charges, amortization expense on intangible assets, impairment of goodwill, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects. This measure is a significant component in our incentive compensation plans.

Free Cash Flow (FCF) – is a useful measure of our ability to generate cash. The difference between net cash provided by operating activities (the most comparable GAAP financial measure) and Free Cash Flow consists mainly of significant cash outflows and inflows that we believe are useful to identify. We believe Free Cash Flow provides useful information to investors as it provides insight into the primary cash flow metric used by management to monitor and evaluate cash flows generated from our operations. Free Cash Flow is defined as net cash provided by operating activities excluding voluntary pension contributions and the cash impact of special items, if any, minus net capital expenditures. Voluntary pension contributions are excluded from the GAAP financial measure because this activity is driven by economic financing decisions rather than operating activity. Certain special items, including cash paid (collected) pursuant to collateral requirements related to cross-currency swap contracts, are also excluded by management in evaluating Free Cash Flow. Net capital expenditures consist of capital expenditures less proceeds from the sale of property, plant, and equipment. These items are subtracted because they represent long-term commitments. In the calculation of Free Cash Flow, we subtract certain cash items that are ultimately within management’s and the Board of Directors’ discretion to direct and may imply that there is less or more cash available for our programs than the most comparable GAAP financial measure indicates. It should not be inferred that the entire Free Cash Flow amount is available for future discretionary expenditures, as our definition of Free Cash Flow does not consider certain non-discretionary expenditures, such as debt payments. In addition, we may have other discretionary expenditures, such as discretionary dividends, share repurchases, and business acquisitions, that are not considered in the calculation of Free Cash Flow.

Forward-Looking Statements

This release contains certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance, financial condition or achievements to differ materially from anticipated results, performance, financial condition or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. We have no intention and are under no obligation to update or alter (and expressly disclaim any such intention or obligation to do so) our forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by law. The forward-looking statements in this release include statements addressing our future financial condition and operating results. Examples of factors that could cause actual results to differ materially from those described in the forward-looking statements include, among others, the extent, severity and duration of business interruptions negatively affecting our business operations; business, economic, competitive and regulatory risks, such as conditions affecting demand for products in the automotive and other industries we serve; competition and pricing pressure; fluctuations in foreign currency exchange rates and commodity prices; natural disasters and political, economic and military instability in countries in which we operate, including continuing military conflict in certain parts of the world; developments in the credit markets; future goodwill impairment; compliance with current and future environmental and other laws and regulations; and the possible effects on us of changes in tax laws, tax treaties and other legislation. More detailed information about these and other factors is set forth in TE Connectivity plc’s Annual Report on Form 10-K for the fiscal year ended Sept 26, 2025, as well as in our Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed by us with the U.S. Securities and Exchange Commission.

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SOURCE TE Connectivity plc