Spyre VC Announces ₹3.5 Cr Investment in Spintly

New Delhi, January 6, 2025: PropTech venture capital fund Spyre VC has made an investment worth ₹3.5 crore in access control and smart building solutions provider Spintly. The funding round, which saw participation from Accel India, Chakra Growth Fund, Alumni Ventures, and Doctor Technology, among others, highlights the confidence in Spintly’s market-leading technology and strategic vision.

Previously Spintly has raised capital from investors like Letsventure, Riso Capital, Sucseed Indovation, and Accel Nest. With a corpus of $50 million and a management team with over 40 years of collective experience in real estate, investment, and technology sectors, Spyre VC is uniquely positioned as the first proptech fund in India. The involvement of CREDAI, India’s leading body of real estate developers with over 15,000 builders from 250 chapters, signifies strong industry faith in Spintly’s potential to transform the real estate sector through modern technology leveraging IoT and AI.

Commenting on the development, Abhimanyu Bisht, Operating Partner, Spyre Proptech VC, said, “We are excited to announce our investment in Spintly. As our very first investment, 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.”