We just raised $15.5 million

Series A · Oversubscribed

A note from Alex

What the money is for.

Joey and I shot that video on a sidewalk outside the building where we learned this business. Seemed fitting. We kept the name off camera. They didn't ask to be in this.

Back in 2021, I slid a sweat-stained notebook across a diner table in Dallas to Joey. He didn't call me crazy. He asked for the pen. We set a goal to invest in 100 properties by the time we turned 30. We're past 150. Mogul has facilitated $110M+ in real estate investments, and 50,000+ people have signed up.

Here's the odd part: we weren't planning to raise. We're already cash-flow positive. Investors kept calling anyway, and the money lets us build faster than we could alone.

$110M+Facilitated
150+Properties
50,000+Signed up

Past performance is not indicative of future results; results may vary.

A bigger shelf, filled faster

Our supply team is four people. They've sourced 150+ properties, and AI has cut the manual work on each one from 18 hours to two. A big chunk of this round goes to hiring across engineering, data science, supply and investor relations, so you get more to choose from. Humans still lead diligence on every property. The standard doesn't move.
A better product

If you've ever opened a property a few minutes late and watched it sell out, I've been there. I still invest on Mogul. Joey and I are usually the first and second checks into a property, and lately I've missed a few because I didn't act fast enough. Anything that slows me down is going on the list.
A bigger idea

The goal: Mogul handles a property's whole life, from the day we find it to the day it sells. One platform.

Same promise as when we began: the day we brag about a 4% IRR, I quit.

In 10 years, I want Mogul to be the first name that comes to mind when you think of real estate. This round is a big step. Not the first, not the last. Thank you to the investors, partners and team who got us here.

Alex BlackwoodCEO & Co-Founder, Mogul

150+ properties. One platform.

Phoenix, AZ
Colorado Springs, CO
Poconos, PA
Smoky Mountains, TN
Atlanta, GA
Nashville, TN
Tampa Bay, FL

Investors

Approximately $126 million

Series A valuation

Lead

And other strategic angel investors from top tech and insurtech firms.

“Seeing the continued strength of the business and the scale of what the team was building, our conviction only grew and by the end of the event, I knew we had to lead the Series A.”

Tim Draper, Founder, Draper Associates

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