Proptech venture fund Spyre VC has made its first investment of ₹3.5 crores in Spintly, which provides access control and smart building solutions. The funding round saw participation from Accel India, Chakra Growth Fund, Alumni Ventures, and Doctor Technology.

Previously Spintly has raised capital from investors like Letsventure, Riso Capital, Sucseed Indovation, and Accel Nest.

With the new capital Spintly plans to accelerate its market reach, increase its presence in different countries, strengthen senior management functions, and expand the scope of its smart building solutions by leveraging AI and machine learning. The company has already deployed it’s solutions across 24 million square feet of real estate.

Backed by CREDAI, Spyre VC has a corpus of $50 million and a management team with over 40 years of collective experience in real estate, investment, and technology sectors.