Mogul Secures $15.5M Series A Led by Draper Associates to Accelerate AI-Driven Real Estate Platform

Mogul, the AI-powered real estate investing platform, announced the closing of a $15.5 million Series A round led by Draper Associates, with substantial participation from the founders of BlueChew, Stephen Sullivan and Dr. Alex Jovanovich. The round surpassed the company’s initial target by 55% and brings Mogul’s total funding to more than $23.6 million, valuing the company at $126 million.

Although cash-flow positive and not actively seeking capital, Mogul attracted strong inbound interest from top venture capitalists, prompting the leadership to pursue the round. Proceeds will be invested in expanding Mogul’s AI infrastructure and organizational capacity, growing its property portfolio, and creating new revenue streams.

A meaningful portion will fund hiring across engineering, data science, and supply chain roles as the company scales.