Block management firm Supa secures £21m seed funding
Property technology company Supa has raised £21 million in seed funding as it expands its operations in the UK block management sector through a series of acquisitions.
The company, founded in 2025 by Calum Brannan and Alexis Johnson, has secured investment from five venture capital firms alongside a debt facility from an undisclosed UK lender. Brannan previously founded landlord platform Howsy, which was sold to Dexters in 2022.
Acquisition strategy
Supa has acquired seven block management firms, including Hunters in Sussex, FW Block Management in Hertfordshire, and Lamberts in London. The company now manages 20,000 properties across these operations.
The business model involves purchasing established local managing agents whilst retaining their branding and teams, then implementing Supa’s AI-powered back-office systems. This approach mirrors that of competitor Dwelly, which is pursuing a similar expansion strategy in the sector.
The strategy reflects broader trends in AI adoption across property management, though uptake has been uneven across the industry.
Technology implementation
According to the company, its software handles repairs scheduling, service charge reconciliation, safety checks and contractor management. Supa claims the system can reduce time spent on administrative tasks by up to 90%.
“Residents are paying more every year and too often getting less,” Brannan stated. “Bloated portfolios and ageing systems leave residents with their calls going to voicemail.”
Sebastian Peck, Founding Partner at investor KOMPAS VC, said the company aims to improve communication and service delivery standards through AI technology and economies of scale.
Finella Taylor, CEO of FW Block Management, one of the acquired firms, said: “It was very important to me to preserve the legacy of our company. Supa understood that. They weren’t looking to rebrand us.”
Market context
The block management sector has faced criticism over fee transparency and service quality. The funding round comes as property agents face increasing pressure to adopt digital technologies across various operational areas.
The investment represents one of the larger seed funding rounds in the UK property technology sector over the past year. Supa has stated ambitions to expand beyond the UK market, though no specific timeline has been provided.
