Proptech startup Spintly Raises Rs 3.5 Cr Led By Spyre VC

Spintly, a smart building solutions provider has raised ₹3.5 crore in a funding round led by Spyre VC, a proptech venture capital. 

The round also saw participation from Accel India, Chakra Growth Fund, Alumni Ventures and Doctor Technology.

Funding Utilisation

The company plans to use the funds to expand into new markets, increase its presence in multiple countries, strengthen its senior management team and enhance its smart building solutions using AI and machine learning.

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Abhimanyu Bisht, Operating Partner, Spyre Proptech VC, said, "As our very first investment (Spintly), it not only aligns perfectly with our mission to drive innovation in the proptech space, but also marks a significant milestone in India’s real estate technology landscape. With CREDAI as our partner, we can really help deep-tech Proptech companies like Spintly well beyond just monetary support.”

Rohin Parkar, Co-founder & CEO, Spintly, said, “The partnership with Spyre VC and having CREDAI as a partner would help us access the real estate developers ecosystem to expand across India."

In April 2024, Spintly raised $5.36 million in funding from Letsventure, Riso Capital, Sucseed Indovation, and Accel Nest.

About Spintly

Founded in 2017 by Rohin Parkar and Malcolm Dsouza, Spintly provides wireless, cloud-based access control and smart building systems. By using IoT, Edge AI, and smartphone-based technology, it replaces traditional systems to deliver simple, scalable, and innovative solutions.

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Technology of Spintly integrates access control with enterprise and property management software which helps streamline operations and security. Its platform also offers APIs and SDKs for easy integration and making it ideal for transforming buildings into smart connected spaces.

Spintly claims that its solutions are already used in 24 million square feet of real estate, with over 500,000 users and 500 customers worldwide.

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