SpotDraft
SpotDraft provides a contract management software that utilizes AI for automating data extraction and organizing contracts in a centralized repository, which enhances management efficiency and analytics. The platform supports integration with various systems to streamline operational workflows across different business functions.
- Category: Contract Management
- Location: Bangalore, Karnātaka, India
- Founded: 2017-01-01
- Total funding: $88.6M
- Website: https://spotdraft.com
Product & Features
- DraftMate AI instantly creates contract templates from any document.
- Smart Data Capture automatically extracts and organizes contract metadata using AI.
- The platform continuously benchmarks AI models for superior accuracy and performance.
- Users can easily search, find, and report on contracts based on any key term.
- VerifAI uses AI to reduce contract review time by 70% directly in Microsoft Word.
- Users run automated compliance checks and build custom AI-powered review playbooks.
Notable Customers
- Beamery
- Eureka Forbes
- Pratilipi
- DeepL
- Abnormal Security
- Odessa
- Unlimited Group
- Wingify
- Chaberton Energy
- Doral Renewables
- Circularise
- IPSY
- Gameskraft
- Headout
- Guideline
- SUN Mobility
- Entertainment Benefits Group
- Buoy Health
- Apollo.io
- UrbanVault
Founders & Team
- Shashank Bijapur — CEO and Co-Founder
- Madhav Bhagat — CTO and Co-Founder
Funding Rounds
- Series B extension — $8M (2026-02)
- Series B — $8M (2026-01)
- Series B — $54M (2025-03)
- Series A — $26M (2023-03)
Recent News
- EP 12: Behind the First Legal Operations Documentary: Susan Packal’s Journey (2026-06)
- How Beamery Stopped Losing Money on Missed Vendor Renewals | SpotDraft Case Study (2026-06)
- SpotDraft Secures $8M from Qualcomm Ventures, Pioneering On-Device AI for Enterprise Legal (2026-01)
- Qualcomm backs SpotDraft to scale on-device contract AI with valuation doubling toward $400M (2026-01)
- SpotDraft Product Updates July 2025 (2025-08)
- SpotDraft Raises $26 Million in Series A Funding for AI-Powered Legal Software (2023-03)
Investors
- Arkam Ventures
- Premji Invest
- Prosus N.V.
- Qualcomm Ventures
- Trident Partners
- Vertex Growth Fund
- Vertex Growth Singapore
- Xeed VC
Integration partners
- Box
- Coupa
- DocuSign
- Dropbox
- Gmail
- Google (Other)
- Google Drive
- Greenhouse
- HubSpot (Other)
- Jira
- Microsoft Teams
- Microsoft Word
- Okta
- OneDrive
- Outlook
- Salesforce
- SharePoint
- Slack
- Zapier
- Zoho (Other)
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Frequently Asked Questions
What is SpotDraft?
SpotDraft provides a contract management software that utilizes AI for automating data extraction and organizing contracts in a centralized repository, which enhances management efficiency and analytics. The platform supports integration with various systems to streamline operational workflows…
What does SpotDraft do?
DraftMate AI instantly creates contract templates from any document. Smart Data Capture automatically extracts and organizes contract metadata using AI. The platform continuously benchmarks AI models for superior accuracy and performance.
Who are SpotDraft's customers?
SpotDraft's customers include Beamery, Eureka Forbes, Pratilipi, DeepL, Abnormal Security, Odessa.
Who founded SpotDraft?
SpotDraft was founded by Shashank Bijapur and Madhav Bhagat.
How much funding has SpotDraft raised?
SpotDraft has raised $88.6M across 4 funding rounds.
Who are SpotDraft's investors?
SpotDraft's investors include Arkam Ventures, Premji Invest, Prosus N.V., Qualcomm Ventures, Trident Partners.