SpotDraft, a Bengaluru, India-based provider of a CLM platform that helps in-house legal teams manage their contract ecosystems, raised $54M in Series B funding.
The round was led by Vertex Growth Singapore and Trident Partners. Existing investors Xeed VC, Arkam Ventures, Prosus Ventures, and Premji Invest also participated.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Shashank Bijapur, SpotDraft is an AI-driven contract lifecycle management (CLM) platform built for in-house legal teams. The tool manages all aspects of contracting, including AI-assisted redlining, e-signatures, intelligent contract repository, third-party papers, clickwrap agreements and more. Over 400 organizations and cross-functional teams across the world use SpotDraft to optimize time-consuming processes, refocus on strategic outcomes and maximize their impact through a contract lifecycle.
With over 250 employees across its offices in Bengaluru and New York, SpotDraft is looking to further acquire key leadership talent in alignment with its growth strategy.
The company had raised $26M in its Series A round of funding in March 2023.
FinSMEs
12/02/2025