New Real Estate Investment Platform Mogul Raises $3.6 Million In Seed Funding, Leverages Blockchain Tech To Streamline Investment Process
Summary
Several angels participated in the round, including Rosie Rios, the 43rd Treasurer of the United States, and executives from Goldman Sachs, JP Morgan, and Carlyle. mogul describes its marketplace as taking a unique investment club structure.mogul leverages Avalanche blockchain technology to help streamline the asset management process. While you dont need to know how to program them, knowledge of smart contracts helps you understand blockchain and why people call it a revolutionary technology.The platform compares its offering to REITs that can provide pre-tax income. mogul generates its inceom by taking a 2.5% rental income fee.mogul was founded in 2022 by former Goldman Sachs Real Estate Investment Group members CEO Alex Blackwood and COO Joey Gumataotao. All members receive the same pro rata benefits of property ownership, such as appreciation, cash flow, and tax allowances.
Funding
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