Supa raises £21M in seed funding to transform UK residential block management

UK proptech firm Supa has secured £21 million in seed funding to develop an AI-driven platform for managing residential buildings in the UK. The funding, led by investors 2150 and OpenOcean, is composed of an equity round and a debt facility from a major UK lender. Supa's platform aims to automate administrative tasks and enhance services for residents, addressing challenges faced by the UK property management sector, which includes rising service charges, increased workloads, and low technology adoption rates.

The company plans to acquire local block management firms while preserving their identities and integrating its AI technology. Supa's platform streamlines processes such as scheduling repairs, managing service charges, ensuring safety compliance, and coordinating contractors. According to Supa's CEO Calum Brannan, the technology can cut administrative tasks by up to 90%, allowing managers to focus on property maintenance and resident communication.

Brannan emphasized the importance of transparency in service charges and timely responses to resident queries.

Since its acquisitions in late 2025, Supa has experienced a 700% revenue increase, managing about 20,000 homes across seven local firms, including Hunters in Sussex, FW Block Management in Hertfordshire, and Lamberts in London. The company intends to continue its expansion through acquisitions and further develop its AI platform to improve property management operations and services for residents.