SpotDraft logo — Award winning, AI-driven, end-to-end contract automation pla...

SpotDraft

Award winning, AI-driven, end-to-end contract automation platform for companies of all sizes

Founded 2017 United States New York, United States 354 employees Series B Total: $90.05M AI, Legal Tech +1

General Information

Company Name SpotDraft
Founded Year 2017
Location United States New York, United States
Employees 354
Industries AI, Legal Tech, SaaS
Funding Stage Series B
Business Model SaaS, B2B, API
Revenue Model Subscription, Usage Based, Service Fee
Social

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About SpotDraft

SpotDraft, founded in 2017, is revolutionizing the legal tech landscape through its AI-driven, end-to-end contract automation platform. The company's mission is to redefine the conventional approach to legal contracts, turning them into a seamless process rather than a tedious task. Combining the expertise of its founders, Madhav Bhagat and Shashank Bijapur, who bring a rich background in technology and law, SpotDraft is creating a product that supports legal judgment without replacing it.

SpotDraft is not exclusive to legal teams; it bridges departments like sales, procurement, HR, finance, and operations within a unified contract ecosystem. This integrative approach simplifies collaboration and streamlines processes. The company, headquartered in the United States, recently secured a $54.00M Series B investment from investors including Arkam Ventures, Prosus Ventures, Vertex Growth Fund, PremjiInvest, Trident Partners, and SEED VC, showcasing robust investor confidence and accelerating its growth trajectory.

Business keywords: AI-driven Contract Automation, End-to-End Contract Management, Legal Tech, Contract Lifecycle Management, Contract Process Automation, Workflow Automation, Legal Operations, SaaS Integration, e-Signature, Cross-Functional Collaboration, Contract Repository, Customizable Workflows, Legal Task Management, Business Operations Enhancement, Scalability in Legal Tech

Services & Products

AI-Powered Contract Lifecycle Management
Contract Template Creation
Automated Contract Workflows
Digital and Aadhaar E-Signatures
Custom Contract Reporting
Contract Data Repository
Compliance and Security Solutions

Target Customers

Legal Teams Sales Teams Financial Departments Human Resources Procurement Teams SaaS Companies EdTech Organizations HealthTech Firms FinTech Startups

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Series B $8.00M 1
Qualcomm Ventures
01 Jan 2026
Series B $54.00M 6
Arkam Ventures, Prosus Ventures +4
01 Feb 2025
Series A $26.00M 7
021 Capital, Arkam Ventures +5
01 Mar 2023
Seed $1.50M 4
Singapore Angel Network, 021 Capital +2
01 Feb 2019
Seed $550.00K 1
Google
01 Dec 2017

SpotDraft Alternatives & Competitors

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SpotDraft vs
Lexion
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SpotDraft vs
Juro
Juro United Kingdom

Juro is an intelligent contracting platform that embeds AI contract automation in the tools business...

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SpotDraft vs
Inhubber
Inhubber Germany

Contract Management Platform Built for Security, Compliance & AI. Made in Germany. ISO 27 001. End-t...

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23 employees
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FAQ About SpotDraft

Award winning, AI-driven, end-to-end contract automation platform for companies of all sizes
SpotDraft was founded in 2017.
SpotDraft is headquartered in New York, United States.
SpotDraft operates in AI, Legal Tech and SaaS. Its work centres on AI-driven Contract Automation, End-to-End Contract Management, Legal Tech and Contract Lifecycle Management. Its customers include Legal Teams, Sales Teams and Financial Departments.
SpotDraft has a SaaS, B2B and API business model. Its revenue comes from Subscription, Usage Based and Service Fee.
SpotDraft has approximately 354 employees.
SpotDraft has completed 5 funding rounds, raising a total of $90.05M. The latest funding stage is Series B.
SpotDraft offers: AI-Powered Contract Lifecycle Management, Contract Template Creation, Automated Contract Workflows, Digital and Aadhaar E-Signatures, Custom Contract Reporting, Contract Data Repository, Compliance and Security Solutions.
Top alternatives and competitors to SpotDraft include Lexion, Juro, Inhubber, Ironclad, ContractPodAi. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
SpotDraft and Lexion are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for SpotDraft, https://bouncewatch.com/company/spotdraft, updated 1 April 2026. When citing, please name BounceWatch and link this page.

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