Internet of Things (IoT) startup Spintly on Friday said it has raised Rs 1.9 crore ($250,000) in its pre-Series A round of funding led by US-based angel investors and Goa-based venture accelerator Saltwater Venture Sparks.
The Bengaluru-based startup said in a statement it will use the funds to boost its customer acquisition, expansion and accelerate its product development process.
The firm had initially raised Rs 75 lakh from US-based angel investors, it added, without disclosing their identities.
The startup offers smart access control products for office access management, home access management and attendance management. Its wireless cloud-based control platform which enables users to access doors using their smartphones.
It currently has a presence in cities such as Goa, Mumbai, Delhi and Bengaluru with clients including OYO, L&T, P&G and MyGate.
Startups offering IoT platforms for various purposes have been attracting funding.
Last month, Singularity Automation Pvt. Ltd, which provides an IoT-based platform to budget hotels and companies that offer shared accommodation, raised its first round of institutional funding from IvyCap Ventures.
In February, Altor, a startup that builds IoT and artificial intelligence-enabled helmets, received funding from startup incubator and accelerator Venture Catalysts.
In November last year, VCCircle reported that Accel invests in IoT product solution and services startup.