Latest News | SpotDraft Raises USD 54 Mn in Funding Round Led by Vertex Growth Singapore, Trident Partners
Get latest articles and stories on Latest News at LatestLY. IT startup SpotDraft, which focusses on contract lifecycle management, has raised USD 54 million in a funding round led by Vertex Growth Singapore and Trident Partners.
New Delhi, Feb 12 (PTI) IT startup SpotDraft, which focusses on contract lifecycle management, has raised USD 54 million in a funding round led by Vertex Growth Singapore and Trident Partners.
Existing investors Xeed VC, Arkam Ventures, Prosus Ventures, and Premji Invest also participated in this round.
"SpotDraft has raised USD 54 million in Series B funding," the company said on Wednesday.
SpotDraft is an AI-driven contract lifecycle management (CLM) platform built for in-house legal teams.
The company said SpotDraft's fresh funding will accelerate the company's global expansion and drive the advancement of its AI-powered product innovation.
"We believe 2025 will be an inflection point for team 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," SpotDraft CEO Shashank Bijapur said.
Bijapur, an alumnus of Harvard Law School and Madhav Bhagat, alumnus of Carnegie Mellon, co-founded the company in 2017.
SpotDraft had raised USD 26 million in the previous funding round in March 2023.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)