Mogul raises $15.5M Series A to scale AI real estate investing
What's the deal? MogulDealroom has a profile for this one. Try Dealroom →, an AI-powered real estate investing platform, has closed a $15.5 million Series A led by Draper Associates. The round came in 55% above its original $10 million target and values the company at $126 million. Total funding to date exceeds $23.6 million.
Why now? Already cash-flow positive, Mogul had no immediate plans to raise. Strong inbound interest from venture capitalists prompted it to pursue the round, which also drew participation from BlueChewDealroom has a profile for this one. Try Dealroom → founders Stephen Sullivan and Dr. Alex Jovanovich.
What's the endgame? Mogul lets everyday investors buy into vetted residential properties and collect monthly distributions — access historically reserved for institutions. Founded in 2022 by former Goldman Sachs Real Estate Investment GroupDealroom has a profile for this one. Try Dealroom → investors Alex Blackwood and Joey Gumataotao, it now plans to scale AI infrastructure, expand its property portfolio and hire across engineering, data science and supply roles.
By the numbers: Mogul has facilitated more than $110 million in real estate investments, acquired over 150 properties and signed up more than 50,000 investors. It reported 5.6x year-over-year revenue growth with a team of 11 people, and is on pace for a $9 million revenue run rate by year's end, targeting $60 million within 18 months.
How it works: While its investment team leads due diligence, Mogul uses AI to power supply operations, targeting and asset monitoring. That has cut manual effort by 89% and reduced the time per property from 18 hours to two, letting four supply-focused staff manage over 150 assets.
What the founders say: "The Series A raise validates our thesis that real estate is ready for an AI-powered overhaul," said Blackwood, chief executive officer and co-founder. He added that most assets over the past three months sold out in under two hours.
The signal: Mogul's raise reflects investor appetite for AI applied to large, manual industries. By automating the supply side while keeping human underwriting, it is betting that technology can open an asset class long dominated by institutions to retail investors.
Read more: prnewswire.com
Image Credits: Mogul
