We are delighted to announce that Spintly has successfully completed an extended Seed round, securing $2 million in funding from Accel, Doctor Technology and Chakra Growth Fund. This funding milestone follows our successful pre-Series A round of $2.5 million in 2022.
Spintly is a leading provider of cloud-based smart building solutions in the physical security space. This injection of capital empowers Spintly to expedite its growth trajectory within the US market, with a strategic focus on bolstering investments in sales, marketing, and partnership initiatives. We are grateful for the confidence and support of our investors, who believe in our vision to revolutionize the smart buildings industry.
Accel is a leading global venture capital firm that aims to be the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Accel has been operating in India since 2008, and its investments include companies like BookMyShow, BrowserStack, Flipkart, Freshworks, Cure.fit, Musigma, Mensa Brands, Myntra, Swiggy, Urban Company, Zetwerk, and Zenoti, among many others. We help ambitious entrepreneurs build iconic global businesses. Spintly was one of the eight startups selected as part of Accel’s pre-seed accelerator program, Atoms 3.0.
“Spintly’s solutions have overcome the shortcomings of traditional access control systems- they are adaptive, scalable, and allow decentralized access control, all of which make them very convenient to use. The team is on its way to revolutionize smart buildings - they have already shown consistent results for large customers, reducing costs for multiple businesses and simplifying infrastructure management for thousands of people. We are thrilled to support Rohin, Malcolm and their team on this journey.”
Spintly is committed to growing into new market niches, including enterprise, residential, data centres, and education. Our goal is to provide cutting-edge solutions that meet the evolving needs of these sectors, enhancing security and efficiency.
In line with our commitment to innovation, we plan to launch new features and products throughout the year. These new offerings will leverage the latest advancements in technology to provide our customers with even more powerful and flexible solutions.
"As we stand on the brink of the smart buildings industry escalating to a $328.62 billion market by 2029, this fresh injection of capital marks a significant leap forward for us. This infusion of funds is a crucial step forward, enabling us to scale our operations more effectively, allowing us to broaden our product range across different market segments. The consistent support from our investors has been a cornerstone of our progress, and this investment is a vote of confidence in Spintly’s vision and a testament to the hard work and dedication of our team. We are poised to leverage this opportunity to accelerate our growth and expand our impact in the smart building ecosystem."
Stay tuned for more updates as we continue to innovate and transform the future of smart buildings!
