Supa Raises £21Mn in Seed Funding to Expand AI-Powered Property Management Platform

The equity funding round was co-led by 2150 and OpenOcean, with investment from KOMPAS VC, Actia Capital Partners and HEARTFELT. The company also secured a debt facility from a major UK lender.

Commenting on the challenges facing the sector, Calum Brannan, co-founder and CEO of Supa, "noted that residents are facing rising service charges without corresponding improvements in service quality, while growing property portfolios and outdated systems continue to affect communication and responsiveness. We're doing the opposite. We keep the local firms, take the admin off their desks, and put managers back inside buildings instead of behind a phone queue. Everyone should know what their service charge pays for, and get an answer when they call,"

Supa plans to grow its business by acquiring local property management companies. It will allow these companies to keep their existing names and identities while bringing its AI technology into their daily operations.

The platform uses AI to automate several property management tasks, including arranging repairs and maintenance.

It also helps with service charge records, keeping safety documents up to date and coordinating contractors.

According to Supa, its technology can reduce the time property managers spend on administrative tasks by up to 90%. This gives them more time to focus on maintaining properties and communicating with residents.

Read Also- bit.bio Bags $25Mn in Series D Funding to Expand Human Cell Technology