Mogul Raises $15.5M in Series A Funding Led by Draper Associates
Oct 14, 2026 | By Devin Jacobs
SUMMARY
- Mogul raised $15.5M in Series A funding.
- Funds will support growth and hiring.
- Mogul helps people invest in homes using AI.
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Follow usMogul, a Washington, DC-based provider of an AI-powered real estate investing platform, has raised $15.5 million in a Series A funding round, bringing the total amount to $23.6 million.
The round was led by Draper Associates with participation from Draper Dragon, Avalanche Blizzard Fund, LAUNCH, Venture Togethers, Gaingels, Stephen Sullivan, and other strategic angel investors.
The company intends to use the funds to scale its AI infrastructure and organization, expand its property portfolio, create new revenue streams, and hire across engineering, data science, and supply roles.
What is Mogul?
Mogul is an AI-driven real estate investment platform that allows individuals to invest in residential properties, including single-family rental homes.
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The platform combines property underwriting, AI-powered operations and asset monitoring to identify and manage investment opportunities. Investors can select individual properties and receive monthly distributions based on their ownership.
Mogul aims to make residential real estate investing more accessible to individuals who may not have access to opportunities traditionally available to institutional investors.
How Much Funding Has Mogul Raised?
Mogul has raised $23.6 million in total funding, including its latest $15.5 million Series A round. Details of previous funding rounds were not provided.
Who Invested in Mogul’s Series A Round?
The $15.5 million Series A round was led by Draper Associates.
Other participating investors include:
- Draper Dragon
- Avalanche Blizzard Fund
- LAUNCH
- Venture Togethers
- Gaingels
- Stephen Sullivan
- Other strategic angel investors
Why the Funding Matters
Mogul will use the funding to expand its AI infrastructure and team, grow its property portfolio and develop new revenue streams.
The company also plans to hire across engineering, data science and supply operations to support its growth.
Who founded Mogul?
Mogul was founded in 2022 by Alex Blackwood and Joey Gumataotao. Both founders previously worked in real estate investing at Goldman Sachs before starting the company.
The company is headquartered in Washington, DC, and focuses on making residential real estate investment opportunities accessible to individual investors.
"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," said Alex Blackwood, CEO and Co-Founder of Mogul. "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.
"Real estate has long been one of America's greatest wealth-building assets, but access to these investment strategies has largely been reserved for institutions, " said Joey Gumataotao, Co-Founder of Mogul. "Having worked on building Goldman Sachs' single-family rental platform from zero to $1 billion in under a year, I've seen firsthand what this asset class can deliver when the right technology and systems are applied.
Market and Business Growth
Mogul reported 14.5-fold revenue growth from 2024 to 2025, 5.6-fold year-over-year revenue growth and fourfold year-over-year customer growth.
The company manages more than 150 assets with four team members focused on property supply operations. According to Mogul, its AI-powered workflows have reduced manual effort by 89% and cut the time required to process each property from 18 hours to two hours.
Mogul is already cash-flow positive and operates with a team of 11 people. The company also recently acquired the Mogul.com domain for $1.3 million.
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What Happens Next?
Mogul plans to expand its property portfolio, develop new revenue streams and invest in its AI infrastructure and workforce. The company expects to reach a revenue run rate of $9 million by the end of the year and aims to scale to $60 million within 18 months of the funding round.
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