Source: SpotDraft
SpotDraft, the CLM platform that helps in-house legal teams manage their contract ecosystems, has raised $54 million in Series B funding. Vertex Growth Singapore and Trident Growth Partners were the lead investors, the existing investors (Xeed VC, Arkam Ventures, and Prosus Ventures) have also participated in this round, with investment bankers Avendus advising on the transaction.
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 much more.
“We believe 2025 will be an inflection point for team SpotDraft,” said Shashank Bijapur, CEO of SpotDraft. “Apart from market expansion and talent growth, we’re strongly committed to deepening the use of AI in the product to help legal teams unlock efficiencies and drive innovation.”
Read the full article: https://www.spotdraft.com/blog/spotdraft-secures-54-million-to-lead-ai-contract-lifecycle-management
