SpotDraft Secures $26M Series A Round
Summary
NEW YORK, NY, SpotDraft, the leading AI-powered Contract Lifecycle Management solution for high-growth startups and scaleups, today announced it closed $26 million in Series A funding. The cash infusion is earmarked for further product development and aggressive growth in North America, identified as a key market by the company. SpotDraft is a best-in-class end-to-end contract management and automation solution that acts as a digital record system for in-house legal teams. SpotDrafts AI-driven solution empowers in-house legal teams to save up to 5 hours per week and helps them close deals 25 percent faster, freeing them to focus on more strategic projects. Founded by Shashank Bijapur, Madhav Bhagat, and Rohith Salim, the team has decades of combined experience in the legal field as well as in building world-class products at companies like Google, Microsoft, Amazon, IBM, and Linkedin.
