## KEY TAKEAWAYS
- Mogul, an AI-powered real estate investing platform, closed a $15.5 million Series A round led by Draper Associates, 55% above its original $10 million target.
- The Series A values Mogul at $126 million, and the company's total funding now exceeds $23.6 million.
- Tim Draper, founder of Draper Associates, is an early seed investor and active backer; Stephen Sullivan, Co-Founder and CEO of BlueChew, wrote the round's largest check.
- Other investors include Draper Dragon, Avalanche Blizzard Fund, Jason Calacanis' LAUNCH, Venture Togethers, and Gaingels, alongside strategic angel investors from tech and insurtech.
## DETAILED SUMMARY
Mogul, a Washington, DC-based AI-powered real estate investing platform, announced it has closed a $15.5 million Series A round led by Draper Associates. The round came in 55% above the company's original $10 million target, according to the company's announcement. The Series A values Mogul at $126 million, and total funding to date exceeds $23.6 million.
Tim Draper, founder of Draper Associates and a prominent Silicon Valley venture capitalist, is an early seed investor and an active backer of the company. Draper has previously invested in companies including Tesla, SpaceX, Coinbase, and Robinhood at their earliest stages. Stephen Sullivan, Co-Founder and CEO of BlueChew, wrote the round's largest check and brings direct-to-consumer scaling experience to the company. Other participants include Draper Dragon, Avalanche Blizzard Fund, Jason Calacanis' LAUNCH, Venture Togethers, and Gaingels, along with other strategic angel investors across technology and insurtech firms.
Mogul was founded in 2022 by former Goldman Sachs Real Estate Investment Group alumni Alex Blackwood and Joey Gumataotao. The platform lets individuals invest in individual properties and build diversified portfolios of single-family rentals. The company says it combines institutional-grade underwriting with AI-powered supply infrastructure, asset management, and investor operations to deliver an efficient and transparent investment experience.
