Mogul Raises $15.5 Million for AI Real Estate Platform
Mogul raised a $15.5 million Series A led by Draper Associates, the company announced in a press release. The round exceeded its initial $10 million target and valued the company at $126 million, bringing total funding above $23.6 million.
Mogul will use the capital to expand its AI infrastructure, property portfolio and team. It plans to hire employees in engineering, data science and property supply roles.
The platform uses AI for property targeting, performance analysis and asset monitoring. Mogul says that across its supply workflow it has reduced manual effort by 89 percent and cut processing time for each property from 18 hours to two hours.
Founded in 2022, Mogul lets individuals invest in single family rental properties and receive monthly distributions. The company says it has acquired more than 150 properties, facilitated over $110 million in real estate investments and recorded more than 50,000 investor signups.
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