Spintly, a physical access control and smart buildings-focused SaaS (software as a service) startup, has raised $2.5 million in a pre-series A round of funding from Lets Venture and Accel Nest.
Sucseed Indovation, RiSo Capital, Defang Technology, 91 Ventures, Kyto Technology and Life, and other angel investors participated in the round, including Dheeraj Pandey, co-founder and CEO of DevRev and former founder and CEO of Nutanix.
Spintly stated that it will use the funds to focus on its global market expansion, including the United States, as well as to strengthen its R&D (research and development) capabilities. Spintly has so far raised $3.5 million.
Spintly announced the hiring of John Czarnik and Daniel Thomas in Silicon Valley as part of its business development and sales team. Spintly intends to enter new markets such as education, residential, data centres, enterprise, and government.
Spintly, founded in 2018 by Rohin Parkar and Malcolm Dsouza, released its first products in early 2020. It provides commercial and residential buildings with a fully wireless, smartphone-based physical access control solution. Because of the increased demand for contactless and cloud-based solutions in the post-pandemic phase, the adoption of Spintly products increased.
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