Mogul (real estate investing platform)

Blackwood and Gumataotao both previously worked in the Goldman Sachs Real Estate Investment Group. Blackwood recalls on the company’s website that in 2021 he asked Gumataotao to meet him at a diner in Dallas, bringing a notebook containing the thesis behind Mogul. He said they started the company because they were looking for low-touch ways to deploy personal capital into high-quality real estate and found no fractional ownership platform offering the caliber of deals they were trained to expect.⁠[1][2][3]

On November 8, 2023, mogul club launched to the public with about $2.5 million worth of assets and $4.2 million in total funding, $3.6 million of it from a newly closed seed round. AY Ventures led the round, with participation from Tim DraperTim DraperTim Draper (full name Timothy Cook Draper) is an American venture capitalist who founded Draper Associates in 1985 and, after John Fisher and Steve Jurvetson joined, built it into Draper Fisher Jurvetson (DFJ). He is also the founder of Draper University and a public advocate of Bitcoin.Open the full entry & Associates, Draper B1, InterVest, Draper Dragon and Blizzard Fund; angel investors included Rosie Rios, the 43rd Treasurer of the United States, and executives from Goldman Sachs, J.P. Morgan and Carlyle. Blackwood said the company initially sought $2.1 million and upsized the round four times.⁠[3][1]

The company said fewer than 1% of the properties offered to it on and off market made it onto the platform, and that it shared all legal documentation for each property. Under its fee model at the time, it charged a flat 3% fee for onboarding a property, capitalized in the property raise, 2% for properties needing capital expenditure, maintenance or leasing up, and a 2.5% fee on rental income. The platform records property ownership and investments on a blockchain, which Blackwood said was meant to provide “a more efficient back office,” and users need no blockchain experience. The company then had four full-time employees and ten contractors.⁠[3][1]

Tim Draper compared the company with Carta, the equity management startup he also backed, saying: “Carta for stocks is very much like mogul for real estate.”⁠[3]

On July 30, 2024, mogul Club began a partnership with The Players Company, a San Diego–based business collective of more than 500 professional athletes, entrepreneurs and accredited investors, to offer its members fractional investments in single-family rentals; the companies said the partnership carried no financial terms. Blackwood said both accredited and non-accredited investors could invest from $250 to $250,000 on the platform.⁠[4]

In October 2026 Mogul announced an oversubscribed $15.5 million Series A led by Draper Associates, valuing the company at $126 million and bringing its total funding to more than $23.6 million. It said it would use the money to expand its AI infrastructure and team and grow its property portfolio, and that its use of AI in property targeting, supply operations, performance analysis and asset monitoring had enabled four supply-focused employees to support more than 150 assets while cutting processing time per property from about 18 hours to two.⁠[5]

The website is operated by Mogul Technologies, Inc., which states that it is not a registered broker-dealer or investment advisor. Investments on the site are set up as investment clubs; the site discloses that the Securities and Exchange Commission has not directly approved this structure and warns users of the risk that the transactions may be deemed securities.⁠[2]

Mogul: Official website: https://www.mogul.com/ (opens in a new window).⁠[6]

X: Public account: https://x.com/mogul__club (opens in a new window).⁠[6]

LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry: Public profile: https://www.linkedin.com/company/mogul-club (opens in a new window).⁠[6]

YouTubeYouTubeYouTube is Google’s video-sharing and creator platform, founded in 2005 by Steve Chen, Chad Hurley, and Jawed Karim and acquired by Google in 2006. Built around video uploading, viewing, and creator earnings, the platform has developed Shorts, YouTube Music, Premium, YouTube TV, and products for children, and is headquartered in San Bruno, California, United States.Open the full entry: Public channel: https://www.youtube.com/channel/UCq0fqvQ-l763JOY7NieP9HQ (opens in a new window).⁠[6]