Supa, a London-based AI-native proptech company in UK block management, has raised £21 million (about $28 million) in seed funding, including equity co-led by 2150 and OpenOcean, with participation from KOMPAS VC, Actia Capital Partners, and HEARTFELT, plus a debt facility from a major UK lender. Supa acquires established local block management firms, keeps their local identities, and rebuilds their operations on its own AI platform, which automates repairs scheduling, service charge reconciliation, safety checks, and contractor coordination and which Supa says cuts administrative time by up to 90%. The main objective is to fund further acquisitions, hiring, and technology to scale across a fragmented industry; it now owns seven managing agents, including Hunters in Sussex, FW Block Management in Hertfordshire, and Lamberts in London, with about 20,000 homes under management and revenue up more than 700% since its first deals in late 2025. Key players include co-founders Calum Brannan, CEO, and Alexis Johnson, who previously built and sold digital property manager Howsy, and co-lead investors 2150 and OpenOcean.

Supa Raises £21M Seed to Modernise Block Property Management