SpotDraft funding, investors and company details

SpotDraft is an emerging Information Technology - SaaS startup from Bengaluru, working in the space of Legal Technology. Founded by Shashank Bijapur, Madhav Bhagat, Rohith Salim.

Company: Draftspotting Technologies Private Limited
Sector: Information Technology - SaaS
Location: Bengaluru
Founders: Shashank Bijapur, Madhav Bhagat, Rohith Salim

Company overview

SpotDraft is an AI-driven Contract Lifecycle Management (CLM) platform that helps in-house legal teams automate and streamline the entire contract process—from drafting, redlining, and reviewing to e-signatures, negotiation, and managing third-party documents or clickwrap agreements. Founded in 2017, the platform combines deep legal workflow automation with advanced AI tools like VerifAI and ClickThrough to speed up legal operations and reduce manual effort. Serving 400+ organizations globally, SpotDraft enables companies to handle contracts faster, operate more efficiently, and focus on high-value strategic work.

Funding rounds

Latest round (Series B): $ 8.00 Mn (₹69.10 Cr.), 2026-01-27. Investors: Qualcomm Ventures
Past round (Series B): $ 54.00 Mn (₹472.34 Cr.), 2025-02-13. Investors: Vertex Ventures, Trident Growth Partners, Xeed Ventures, Arkam Ventures, Prosus, Premji Invest
Past round (Series A): $ 26.00 Mn (₹213.62 Cr.), 2023-03-03. Investors: Prosus Ventures, Arkam Ventures, Riverwalk Holdings, 100x Entrepreneur Fund