We are much stronger now and this capital will help us scale and penetrate deeper into the market and expand our offerings to various market segments. “We are really proud that our team has built a strong, lean, and sustainable business surviving through the pandemic and the recent global economic turmoil. Spintly has seen its revenues grow by 500% in 2022 as compared to 2021 and has more than 100 thousand users on the platform. Spintly products are mainly adopted by co-working spaces, managed commercial office spaces, and small to medium-sized enterprises. The adoption of Spintly products increased in the post-Pandemic phase due to the increased need for contactless and cloud-based solutions. Spintly offers a frictionless, fully wireless, smartphone-based physical access control solution to commercial and residential buildings. Started in 2018 by Rohin Parkar and Malcolm Dsouza, Spintly launched its first products in early 2020. Spintly will be using these funds to focus on its growth in the Global market, specifically the USA, plus strengthening its R&D capabilities. Some notable angel investors include Dheeraj Pandey, Founder, and Ex-CEO of Nutanix and current CEO and founder of DevRev. Those participating in this round include Lets Venture, Accel Nest, SucSEED Indovation Fund, Riso Capital, Defang Technology, 91ventures, Kyto Technology, and Life, and a few other notable angel investors and groups. SAN JOSE, Calif.-( BUSINESS WIRE)-SaaS-based Physical access control and smart buildings start-up Spintly, has raised $2.5M in a pre-series-A round of funding.
0 Comments
Leave a Reply. |