# Supa Raises GBP 21M Seed to Buy Local Block Managers and Run Them on AI Software
> Supa raises GBP 21M in seed funding led by 2150 and OpenOcean to acquire UK block management firms and automate their admin with AI software.
- **Author:** Swati k jagtap
- **Published:** 2026-11-04
- **Updated:** 2026-11-04
- **Category:** Funding
- **Editorial type:** news
- **Topics:** proptech, seed-funding, uk-startups
- **Canonical URL:** https://www.todaysstartupnews.com/funding/supa-raises-21m-seed-ai-residential-block-management-uk
## Key takeaways
- UK startup Supa has raised GBP 21 million in seed funding, made up of equity co-led by 2150 and OpenOcean plus a debt facility from a major UK lender
- KOMPAS VC, Actia Capital Partners and HEARTFELT also took part in the equity round
- Supa buys established local block management firms, keeps their names and gives their teams its own AI software
- It has acquired seven managing agents and now looks after around 20,000 homes, with revenue up more than 700 percent since its first two deals in late 2025
- The funding will go toward technology and further acquisitions
Supa, a London-based proptech company building an AI-native platform for residential block management, has raised GBP 21 million in seed funding. The financing combines an equity round co-led by 2150 and OpenOcean with a debt facility from a major UK lender. KOMPAS VC, Actia Capital Partners and HEARTFELT also joined the equity round. The company announced the funding on November 4, 2026.

Supa was founded by Calum Brannan, who is chief executive, and Alexis Johnson, who previously worked together as co-founders of the lettings company Howsy. The company has not disclosed the split between equity and debt, its valuation or the name of the lender.

The business combines acquisitions with software. Supa buys established local block management firms, keeps their names and staff, and replaces their back-office systems with its own AI software. The software handles administrative work such as repair scheduling, service charge reconciliation, safety checks and contractor coordination, with the aim of leaving managers free to spend more time inside the buildings they look after.

Since its first two acquisitions in late 2025, Supa has acquired seven local managing agents. The group now includes Lamberts in London, Hunters in Sussex, FW Block Management in Hertfordshire, Loveitts, Longlease, Compass Block Management and DMG Property Management. Together they look after about 20,000 homes. Supa says its revenue has grown by more than 700 percent since those first two deals.

The company says its technology can reduce the time managers spend on administrative tasks by up to 90 percent. It has not published data to support that figure.

Brannan said residents are paying more every year and too often receiving less, with large portfolios and ageing systems leaving calls to go to voicemail. According to him, Supa takes the opposite approach, keeping local firms in place, removing admin from their desks and putting managers back inside buildings rather than behind a phone queue. He added that everyone should know what their service charge pays for and get an answer when they call. Supa describes its approach as a third way for managing agents that are weighing a sale to a rival or to an investor.

The UK property management sector includes many small firms, often with fewer than ten employees, which face rising administrative workloads and growing expectations from residents.

Supa's model follows a pattern seen elsewhere in AI-led acquisitions of service businesses. Dwelly, which buys UK lettings agencies and runs them with AI, raised GBP 69 million in February and GBP 128 million in July.

Rahul Parekh, partner at 2150, said property management has operated with tools that feel decades overdue, and described Supa's vision as becoming the intelligence layer for how buildings are run. Sam Hields, partner at OpenOcean, called Supa one of the clearest examples of AI improving a real-world service at scale. Sebastian Peck, founding partner at KOMPAS VC, said a well-managed block operates quietly in the background while a poorly managed one can affect residents' finances, safety and daily lives.

The new capital will fund further development of Supa's technology and more acquisitions. The company says the goal is for more residents to get answers the same day rather than weeks later.
## Sources
- [supa.co.uk](https://www.supa.co.uk/)