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Latest revision as of 03:00, 28 September 2025
SpotDraft is an artificial intelligence powered contract lifecycle management legal technology company. The company provides contract automation, management, and workflow tools for in-house legal teams. [2][3][4]
The company was founded in 2017 by Shashank Bijapur, a Harvard Law School graduate, and Madhav Bhagat, a Carnegie Mellon alumnus and former Google engineer.[5][6] SpotDraft started in India and later expanded globally, gaining clients in North America, Europe, and Southeast Asia.[7]
In 2023, the company appointed Akshay Verma, formerly of Meta & Coinbase, as its Chief Operating Officer.[8]
In February 2023, SpotDraft raised $26 million in a Series A funding round with participation from investors like Prosus Ventures, and Arkam Ventures.[9][10][11][12]
In 2025, the company raised $54 million in Series B funding, led by Vertex Growth Singapore and Trident Partners, with continued support from existing investors like Xceed VC, Arkam Ventures and Prosus Ventures.[13]
SpotDraft was recognised by “Forbes Asia 100 to watch 2024″ in the “Enterprise Technology & Robotics” category. Also, The Fast Company recognised SpotDraft as one of the most innovative companies of 2024.[14][15]
- ^ “Shashank Bijapur | CEO, Co-founder – Spotdraft”. Forbes.
- ^ Arakali, Harichandan. “How SpotDraft is making it easy for businesses to manage legal contracts”.
- ^ Alawadhi, Neha. “Legal technology startup SpotDraft eyes contract automation in India and abroad”. Moneycontrol. Network18 Group.
- ^ “Lawyers and AI are ideal fit”. The Times of India. 14 June 2024.
- ^ Arakali, Harichandan. “How SpotDraft wants to become the Salesforce of contract management”. Forbes India.
- ^ “On LawNext Podcast: SpotDraft’s Shashank Bijapur — From Late-Night Due Diligence to Legal Tech Innovation | LawSites”. www.lawnext.com. 30 July 2025.
- ^ Rash, Wayne. “SpotDraft Reduces Risk For Legal Teams While Enhancing Accuracy”. Forbes.
- ^ Knockless, Trudy. “Ex-Legal Ops Chief at Meta and Coinbase Takes COO Post at ‘Rocket Ship’ SpotDraft”. Law.com.
- ^ “Temasek’s Vertex Ventures to lead $50-60 million funding in SpotDraft”. The Economic Times. 12 February 2025.
- ^ “SpotDraft raises USD 26 Million in Series A Funding for AI-Powered Legal Software”. ThePrint. 3 March 2023.
- ^ Ochsner, Evan (12 February 2025). “SpotDraft Announces $54 Million Venture Funding Round”. Bloomberg News.
- ^ Mishra, Shruti (17 March 2025). “Legal tech firm SpotDraft raises $54 million to fuel product development, market expansion – CNBC TV18”. CNBCTV18.
- ^ “SpotDraft raises $54 million from Vertex Growth, Trident Partners, others”. The Economic Times. 13 February 2025.
- ^ “Forbes Asia 100 To Watch 2024”. Forbes.
- ^ Singh, Kyle Wiggers, Jagmeet (2 March 2023). “SpotDraft shows that contract lifecycle management remains profitable, raises $26M”. TechCrunch.
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