SpotDraft Announces $54 Million Venture Funding Round

SpotDraft, which makes contract lifecycle management software for corporate legal teams, raised $54 million in funding, it announced Wednesday.

Vertex Growth Singapore and Trident Partners led the Series B funding round, SpotDraft said in a news release. Existing investors Xeed VC, Arkam Ventures, Prosus Ventures, and Premji Invest also invested in the round, SpotDraft said.

• SpotDraft says its AI-enhanced software can assist with redlining, e-signatures, clickwrap agreements and more.
• The company said it raised $26 million in its Series A funding round in 2023. Since then it “has seen explosive growth in its revenue and customer base,” the company said ...