SpotDraft Secures $54 Million in Series B Funding Led by Vertex Ventures and Trident Partners

Contract lifecycle management (CLM) platform SpotDraft has raised $54 million in a Series B funding round led by Vertex Growth Singapore and Trident Partners. The round also saw participation from existing investors Xeed VC, Arkam Ventures, Prosus Ventures, and Premji Invest. This comes after the company’s $26 million Series A funding in March 2023.

Founded in 2017 by Shashank Bijapur, Madhav Bhagat, and Rohith Salim, SpotDraft provides an AI-enabled CLM platform designed for in-house legal teams. The platform streamlines contract processes with…