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[Funding alert] IoT startup Spintly raises Rs 1.9 Cr in Pre-Series A round

[Funding alert] IoT startup Spintly raises Rs 1.9 Cr in Pre-Series A round
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Spintly, an IoT-based wireless access control startup, has raised Rs 1.9 crore in a Pre-Series A funding round from early-stage US angel investors, led by a technology angel investor group and Saltwater Venture Sparks, a Goa-based venture accelerator. 

This investment will be used to scale up sales, marketing and research activities to accelerate customer acquisition and market penetration, Spintly said in a release.

Gautam Verlekar, Founding Partner, Saltwater Venture Sparks , said, 

“Being the world’s first wireless access control back-end system, we believe that Spintly has a great opportunity to create a new market category.

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