Mogul has raised an oversubscribed $15.5 million Series A funding round led by Draper Associates, bringing the AI-powered real estate investing platform’s total funding to more than $23.6 million and valuing the company at $126 million.
The company plans to use the new capital to expand its AI infrastructure, grow its team, increase its property portfolio, and develop additional revenue streams. A significant portion of the financing will support hiring across engineering, data science, and supply-focused roles.
Mogul has increasingly deployed AI across its property sourcing and investment workflow, including targeting, supply operations, performance analysis, and ongoing asset monitoring. The company said this technology has enabled four supply-focused employees to support more than 150 assets while reducing manual effort by 89% and cutting the time required to process each property from approximately 18 hours to two hours.
Alex Blackwood, CEO And Co-Founder Of Mogul, said, “The Series A raise validates our thesis that real estate is ready for an AI-powered overhaul. The industry is ripe for innovation and presents a trillion-dollar market cap opportunity. The platform started as a way for Joey and me to invest in high-quality real estate without the headache, and I am proud to say I am still a power user of the platform today. We are typically the first and second checks into each property; however, with a majority of assets over the last three months selling out in under two hours, I have missed out on some of them because I didn’t act fast enough.
He added, “Looking ahead, our vision is to build a vertically integrated real estate ecosystem that supports the full lifecycle of an asset. By unifying these layers, Mogul can become the defining infrastructure for the industry. In 10 years’ time, Mogul will be the first word that comes to your mind when you think of real estate.”
Joey Gumataotao, Co-Founder Of Mogul, said, “The Series A supercharges our supply infrastructure, allowing us to continue improving as we scale. Our thesis, process, and vetting have only strengthened as we’ve grown. This capital will help us expand our platform and portfolio while maintaining the precision and discipline our investors expect.”
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