About Spotdraft Legal
Spotdraft Legal is a company based in India founded in 2017 by Rohith Salim, Madhav Bhagat, and Shashank Bijapur.. Spotdraft Legal has raised $112.95 million across 12 funding rounds from investors including Angel List, Naspers and Prosus. The company has 162 employees as of April 05, 2024. Spotdraft Legal offers products and services including SpotDraft AI, Workflows, Templates, Contract Editor, and ESignatures. Spotdraft Legal operates in a competitive market with competitors including DocuSign, Icertis, PandaDoc, Evisort and Conga, among others.
- Headquarter India
- Employees 162 as on 05 Apr, 2024
- Founders Rohith Salim, Madhav Bhagat, Shashank Bijapur
- Stage Minicorn
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Sectors
Professional & Legal ServicesTechnology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Draftspotting Technologies Private Limited
- Date of Incorporation 19 Apr, 2017
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$2.43 M (USD)89.28as on Mar 31, 2023
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Net Profit
$-8.1 M (USD)-733.5as on Mar 31, 2023
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EBITDA
$-7.92 M (USD)-857.49as on Mar 31, 2023
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Total Equity Funding
$112.95 M (USD)
in 12 rounds
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Latest Funding Round
$8 M (USD), Series B
Jan 27, 2026
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Investors
Angel List
& 34 more
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Employee Count
162
as on Apr 05, 2024
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Products & Services of Spotdraft Legal
Spotdraft Legal offers a comprehensive portfolio of products and services, including SpotDraft AI, Workflows, Templates, Contract Editor, and ESignatures. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI for faster contract review and risk detection
Automates contract approval and processes
Creates high-volume contracts efficiently
Enables editing and redlining of contracts
Provides legally binding digital signatures
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Funding Insights of Spotdraft Legal
Spotdraft Legal has successfully raised a total of $112.95M across 12 strategic funding rounds. The most recent funding activity was a Series B round of $8 million completed in January 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 12
- Last Round Series B — $8.0M
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First Round
First Round
(06 Oct 2017)
- Investors Count 35
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Series B - Spotdraft Legal | Valuation |
investors |
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| Feb, 2025 | Amount | Series B - Spotdraft Legal | Valuation | Vertex Growth , Trident Growth Partners | |
| Dec, 2024 | Amount | Series A - Spotdraft Legal | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spotdraft Legal
Spotdraft Legal has secured backing from 35 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Naspers and Prosus. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early & late stage investments focused PE & VC firm
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Founded Year | Domain | Location | |
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Early-stage venture capital investment firm
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Founded Year | Domain | Location | |
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Tech-enabled sectors are invested in by the venture capital fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spotdraft Legal
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Spotdraft Legal
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spotdraft Legal Comparisons
Competitors of Spotdraft Legal
Spotdraft Legal operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DocuSign, Icertis, PandaDoc, Evisort and Conga, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud and AI-based electronic signatures and contract management are provided.
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| domain | founded_year | HQ Location |
Provider of contract lifecycle management platform with AI and agentic workflows
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| domain | founded_year | HQ Location |
Document workflows are automated and managed for sales teams.
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| domain | founded_year | HQ Location |
Contract lifecycle management software is developed using AI-powered intelligence.
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| domain | founded_year | HQ Location |
Contract lifecycle management is facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Product, order management, and network provisioning solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spotdraft Legal
Frequently Asked Questions about Spotdraft Legal
When was Spotdraft Legal founded?
Spotdraft Legal was founded in 2017.
Where is Spotdraft Legal located?
Spotdraft Legal is headquartered in India.
Who is the current CEO of Spotdraft Legal?
Shashank Bijapur is the current CEO of Spotdraft Legal. They have also founded this company.
Is Spotdraft Legal a funded company?
Spotdraft Legal is a funded company, having raised a total of $112.95M across 12 funding rounds to date. The company's 1st funding round was a Series A of $5.96M, raised on Oct 06, 2017.
How many employees does Spotdraft Legal have?
As of Apr 05, 2024, the latest employee count at Spotdraft Legal is 162.
What is the annual revenue of Spotdraft Legal?
Annual revenue of Spotdraft Legal is $2.43M as on Mar 31, 2023.
What does Spotdraft Legal do?
Spotdraft Legal was founded in 2017 in India as a provider of AI-powered contract management software. The platform is utilized by businesses to streamline contract drafting, signing, and ongoing management. A collaborative space is enabled for contract review, redlining, and finalization. Contracts are consolidated and stored in a centralized repository. Analytics tools are integrated to offer insights into contracting workflows and aid decision-making processes.
Who are the top competitors of Spotdraft Legal?
What products or services does Spotdraft Legal offer?
Spotdraft Legal offers SpotDraft AI, Workflows, Templates, Contract Editor, and ESignatures.
Who are Spotdraft Legal's investors?
Spotdraft Legal has 35 investors. Key investors include Angel List, Naspers, Prosus, BoldCap, and Riverwalk Holdings.
What is Spotdraft Legal's valuation?
The valuation of Spotdraft Legal is $136.47M as of Dec 2024.