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Total amount raised
$92M
Latest funding date
2026-01-26
Location
SpotDraft has successfully raised $54 million over 6 funding rounds, with the latest being a Series B. The platform offers AI-powered contract lifecycle management solutions tailored for various teams and industries.
SpotDraft has raised a total of USD 92,000,000 across multiple funding rounds, backed by investors including Qualcomm Ventures, Vertex Growth Singapore, Trident Growth Partners, Premji Invest, Prosus Ventures, Xeed VC, Arkam Ventures, 021 Capital, and Hunch Ventures.
Keep reading to explore SpotDraft's full fundraising journey.
What Is SpotDraft?
SpotDraft is a contract automation platform that manages the entire contract lifecycle. The company operates in industries such as Artificial Intelligence (AI), Legal, Legal Tech, and SaaS. It is located in Bangalore, Karnataka, India (with offices in New York), and has an employee count between 251-500.
SpotDraft provides AI-powered contract lifecycle management solutions designed to streamline and automate the contracting process for businesses. Their platform offers features such as contract creation, negotiation, management, analytics, and eSignatures, all integrated with AI to enhance efficiency and compliance.
How Much Funding Has SpotDraft Raised?
- Series B Extension
- Amount Raised: USD 8,000,000
- Date: January 2026
- Lead Investors: Qualcomm Ventures
- Other Participants: Vertex Growth Singapore, Trident Growth Partners, Xeed VC, Arkam Ventures, Prosus Ventures
- Valuation at Round: Approximately USD 380,000,000
- Motivation Behind the Round: To scale SpotDraft's on-device AI capabilities (VerifAI) and expand enterprise presence across the Americas, EMEA, and Asia-Pacific.
- Series B
- Amount Raised: USD 54,000,000
- Date: February 2025
- Lead Investors: Vertex Growth Singapore, Trident Growth Partners
- Other Participants: Xeed VC, Arkam Ventures, Prosus Ventures, Premji Invest
- Valuation at Round: Approximately USD 190,000,000
- Motivation Behind the Round: To enhance product offerings, expand AI capabilities, and grow global market presence and talent pool.
- Non-Equity Assistance
- Date: July 2024
- Lead Investors: Google for Startups
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To gain strategic support and resources from Google for Startups.
- Series A
- Amount Raised: USD 26,000,000
- Date: March 2023
- Lead Investors: Premji Invest
- Other Participants: Prosus Ventures, 021 Capital, Arkam Ventures, Riverwalk Holdings, 100x Entrepreneur Fund
- Valuation at Round: Approximately USD 150,000,000
- Motivation Behind the Round: To support product development, expand the platform's AI capabilities, and grow the global footprint.
- Pre-Series A (Seed)
- Amount Raised: USD 1,500,000
- Date: February 2019
- Lead Investors: 021 Capital
- Other Participants: Girish Mathrubootham (Freshworks co-founder), Peeyush Ranjan (Google executive)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand SpotDraft's global footprint and accelerate growth.
- Seed
- Amount Raised: USD 550,000
- Date: October 2017
- Lead Investors: Hunch Ventures
- Other Participants: Spiral Ventures, 500 Startups, Singapore Angel Network
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and initial product development.
SpotDraft has raised a total of USD 92,000,000 across all disclosed funding rounds. The current valuation is approximately USD 380,000,000 (post Series B extension, January 2026).
Key Investors
- Qualcomm Ventures
- Details: Qualcomm Ventures is the investment arm of Qualcomm Incorporated, focused on strategic investments in technology companies. They led SpotDraft's Series B extension in January 2026, backing the company's on-device AI strategy.
- Investment Focus Areas: Semiconductors, AI, Enterprise Technology
- Notable Investments: SpotDraft, and numerous AI and enterprise tech companies globally
- Vertex Growth Singapore
- Details: Vertex Growth Singapore is a growth-stage venture fund known for supporting companies with strong product vision and go-to-market strategies. They co-led SpotDraft's Series B funding round in February 2025.
- Investment Focus Areas: Enterprise solutions, AI, Legal Tech
- Notable Investments: SpotDraft
- Trident Growth Partners
- Details: Trident Growth Partners is a growth-stage investment firm that co-led SpotDraft's Series B funding round in February 2025. They focus on high-growth technology companies.
- Investment Focus Areas: Technology, Innovation, Growth-stage companies
- Notable Investments: SpotDraft
- Google for Startups
- Details: Google for Startups provides resources and support to help startups grow and succeed. They participated in SpotDraft's non-equity assistance round in July 2024.
- Investment Focus Areas: Technology, Startups, Innovation
- Notable Investments: SpotDraft
- Premji Invest
- Details: Premji Invest is the investment arm of Azim Premji's endowment and philanthropic initiatives. They led SpotDraft's Series A and participated in the Series B round.
- Investment Focus Areas: Technology, Innovation, Growth-stage companies
- Notable Investments: SpotDraft
- Hunch Ventures
- Details: Hunch Ventures is a venture capital firm that invests in early-stage companies. They were the lead investor in SpotDraft's initial seed funding round in October 2017.
- Investment Focus Areas: Early-stage companies, Technology, Innovation
- Notable Investments: SpotDraft
What's Next for SpotDraft?
SpotDraft is poised for significant growth, driven by opportunities in market expansion, talent acquisition, and AI-powered product innovation. With $54 million in Series B funding, the company is well-positioned to enhance its product offerings and expand its global footprint, capitalizing on the increasing demand for efficient contract lifecycle management solutions.
Future fundraising opportunities appear promising as SpotDraft continues to grow and innovate. The company's strong market position and substantial financial backing suggest potential for additional investment rounds to support further expansion and technological advancements.
However, SpotDraft may face challenges such as competition from other legal tech providers, maintaining rapid growth, and ensuring data security and compliance. Navigating these hurdles will be crucial for sustaining its momentum and achieving long-term success.
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