Spotdraft

Spotdraft is a contract lifecycle management (CLM) platform built for in-house legal teams to draft, negotiate, sign, store, and track contracts in one system. It was founded in 2017, is headquartered in Bengaluru, India with offices in San Francisco and New York, and raised a $54M Series B led by Vertex Growth Singapore and Trident Growth Partners in February 2025, with existing investors including Prosus Ventures, Arkam Ventures, and Xeed VC participating. A later $8M Series B extension was led by Qualcomm Ventures.

Who It’s For

The product is positioned for in-house legal teams at growing companies, with workflows that also pull in sales, HR, and procurement. It is used across legal-operations functions managing varied agreement types and a growing contract repository. G2 shows a 4.5/5 rating across 170+ reviews.

What It Does

• Drafting and templates. Self-serve contract creation from templates, AI-assisted clause suggestions, and collaborative editing. (Maps to Document Drafting & Automation.)
• AI-assisted review and redlining. A shared space for legal and business teams to review and redline contracts, usable in Word, Slack, or within Spotdraft. (Maps to Document Review & Management.)
• E-signature. Built-in signature workflow that records each step and produces an audit trail. (Maps to Filing & Compliance.)
• Contract repository. A central, searchable store that indexes metadata such as parties, dates, and status, with custom views to surface renewals and obligations. (Maps to Document Review & Management.)
• Approvals and workflow. Approval routing, completion-status tracking, and access controls. (Maps to Client & Matter Lifecycle and Filing & Compliance.)
• Reporting. Reports and dashboards over the contract portfolio. (Maps to Research & Analysis.)
• Integrations. Connects to CRM and procurement systems including Salesforce, HubSpot, and Coupa, plus Microsoft Word and Zapier. (Maps to Firm Operations & Growth and Communication & Collaboration.)
• Mobile access. Access to in-progress contracts on mobile. (Maps to Communication & Collaboration.)

What We Haven’t Verified

This page was assembled from publicly available information. We have not independently tested the product. The funding field shows the $54M Series B (Feb 2025) as the most recent named round; an additional $8M Series B extension was reported separately, and a prior cumulative total of roughly $88.6M has been recorded — we have not reconciled the exact total raised or any post-money valuation. Pricing is not published by the vendor; the figures noted are third-party estimates and should be confirmed directly. Integration depths above are carried from prior data and not re-tested. Feature claims and workflow mappings reflect published feature lists, not hands-on testing or practitioner feedback.