In this letter, we report the discovery of a new class of spintronic materials, namely spin semimetals (SSM), employing both theoretical and experimental tools. The band structure of this class of materials is such that one of the spin bands resembles that of a semi-metal, while the other is similar to that of an insulator/semiconductor. This report is the experimental verification of the first SSM, FeRhCrGe, a quaternary Heusler alloy with a magnetic moment 3 µB and a Curie temperature of 550 K. The measurement below 300 K shows nearly temperature independent conductivity and a relatively moderate Hall effect. SSM behavior for FeRhCrGe is also confirmed by rigorous first principles calculations. Band structure calculations also reveal that the spin up (semi metallic) band has combined features of type II Weyl and nodal line semimetal. As such, this study opens up the possibility of a new class of material with combined spintronic and topological properties, which is important both from fundamental and applied point of view.PACS numbers: 75.47.Np, 75.76.+j, 76.80.+y Introduction: Recent developments in magnetic Heusler alloys, such as the discovery of half metallic ferromagnets (HMF) have fuelled the area of spintronics research considerably. 1-5 One of the spin bands is metallic while the other is either semiconducting or insulating in this class of materials. Later, spin gapless semiconductors (SGS) 6 were discovered which gained prominence over the half metals due to their unique properties. Magnetic semiconductors 7 with unequal band gaps constitute another class of spintronic materials that produce high spin polarized charge carriers at elevated temperatures. Fully compensated ferrimagnet 8 is another unique class. In this letter, we discovered a new interesting class of materials, which we term as spin semi-metals (SSM). One of the main motives of this paper is to highlight the discovery of SSM and its importance and applications in the field of spintronics. We demonstrate the existence of necessary features of SSM in a realistic material, FeR-hCrGe. Furthermore, the spin up band of this material is also found to acquire a combined feature of type II Weyl 9,10 and nodal line 11,12 semi-metal.