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AI-powered legal platform SpotDraft raises $54m series B
An AI-driven enterprise technology startup, SpotDraft, has raised US$54 million in a series B round led by Vertex Growth and Trident Partners, with support from existing investors.
The funds will be used for market expansion, leadership hiring, and improving AI-powered contract management features.
Founded in 2017, SpotDraft helps teams with redlining, e-signatures, and third-party contract management, serving clients like Spendlfo and Crunchbase.
This round follows a US$26 million series A in 2023 and a US$1.5 million round in 2019, with operations in Bengaluru and New York.
Recent SpotDraft developments
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26-Jun-2023 🚀 Arkam doubles down on expertise in ‘middle India’ with new fund
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25-Feb-2019 💼 In brief: India legaltech startup raises funds for global expansion
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02-Nov-2017 🏆 Andalin snatches grand prize at Tech in Asia Jakarta Arena pitch battle
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