SpotDraft, a Karnataka, India-based provider of an AI-powered Contract Lifecycle Management (CLM) solution for startups and scaleups, raised $26M in Series A funding led by Premji Invest, with participation from Prosus Ventures, 021 Capital, Arkam Ventures, Riverwalk Holdings, and 100x Entrepreneur Fund.
SpotDraft utilizes these fresh funds to further product development and growth in North America, identified as a key market.
Business Loans for Startups by the Indian Government?
Led by Madhav Bhagat, CTO, Rohith Salim, CPO & Shashank Bijapur, CEO, SpotDraft provides an end-to-end contract management and automation solution that acts as a digital record system for in-house legal teams to save time and close deals and to focus on more strategic projects. Teams can create, manage, review, and execute contracts, store and organize agreements, submit legal requests and approvals, and generate risk reports automatically from a modern dashboard. The web app integrates with tech stacks used by startups and enterprises, including Salesforce, Hubspot, Slack, Google Drive, and more.
The company works with businesses across the U.S., Europe, the Middle East, and Asia Pacific regions.
ABOUT SPOTDRAFT
SpotDraft is an AI-driven contract management and automation solution designed for fast-growing companies. It offers end-to-end contract management services for legal, sales, marketing, human resources, business operations, and procurement teams. With its best-in-class platform, SpotDraft acts as a co-pilot for legal teams, helping them optimize the contract management process by eliminating inefficiencies and reducing repetitive tasks.
Streamline your contracting process with an intuitive interface, intelligent contract repository, customizable templates and workflows, and much more. SpotDraft integrates with popular SaaS tools, such as Salesforce, HubSpot, Slack, and Google Drive, delivering a seamless experience for global businesses, including Airbnb, Notion, STRAVA, Beamery, and Fidelity International.