Anvaya Investing in Spyne

Spyne is pioneering a transformative approach to business catalog creation, ensuring businesses can sell online with enhanced efficiency and confidence. Their innovative solutions are streamlining the process for used-car dealerships and marketplaces, enabling them to create engaging vehicle display pages brimming with immersive 360° views and enticing images.

Their trajectory has been phenomenal. In just a year, they have acquired multiple customers across the US, leading to revenue running to seven figures through their SaaS solutions for sales enablement.

We were very impressed with not just how well Spyne’s solution addressed the gap with the right product-market fit, but equally importantly, how quickly, they were able to acquire customers and scale the business.

Sanjay Varnwal, the Co-founder and CEO of Spyne, shares, “We were fortunate in building a product that found immediate acceptance in the US Auto dealership market. This new raise from Accel, Storm Ventures, Anvaya Ventures, Inc, AngelList, and others will enable us to robustly invigorate our growth through reinvestments in a dynamic sales engine.”

This milestone marks another significant addition to the Anvaya Ventures family, which closely focuses on pre-Series A B2B SaaS companies, typically in the Health tech or Retail space. We look forward to our journey with Spyne and are eager to support their brilliant team in further disrupting the industry norms.