SpotDraft, the AI-driven CLM platform that helps in-house legal teams manage their contract ecosystems, has raised USD 54 mn in Series B funding. Vertex Growth Singapore and Trident Partners were the lead investors, with participation from the existing investors Xeed VC, Arkam Ventures, and Prosus Ventures.
Avendus Capital acted as the exclusive financial advisor to SpotDraft on this transaction.
About Spotdraft
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.
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