Mogul Raises $15.5 Million to Bring AI to Real Estate Investing

Mogul, a startup founded by former Goldman Sachs executives, has secured $15.5 million in Series A funding led by Draper Associates, valuing the company at $125.5 million. The round exceeded its $10 million target by 55%, bringing total funding to over $23.6 million. Mogul claims its AI technology has reduced manual effort per property by 89%, allowing the company to manage over 150 properties with just four supply-focused employees.

The company, founded in 2022 by Alex Blackwood and Joey Gumataotao, enables investors to buy shares in individual residential properties starting at $250. Mogul's AI supports operations, targeting, performance analysis, and asset monitoring. The startup has facilitated more than $110 million in investments, with over 50,000 investor signups and an 80% repeat investment rate. Mogul aims for an internal rate of return between 12% and 20%.

Draper Associates, an early investor in Tesla and Skype, led the Series A round, with participation from BlueChew founders Stephen Sullivan and Dr. Alex Jovanovich, as well as LAUNCH, Venture Togethers, and Gaingels. Mogul plans to use the funding to expand its platform and portfolio while maintaining its investment standards. The company expects to reach a $9 million revenue run rate by year-end and aims for $60 million within 18 months.

Mogul's competitors include Arrived, backed by Bezos Expeditions, and Propy, which focuses on automating real estate closings. The US single-family housing market was valued at $47.9 trillion in Q4 2025, according to Ginnie Mae. Mogul differentiates itself by using AI to make property sourcing and vetting more cost-effective.