SpotDraft
A deep look at SpotDraft's finances, team, and market position in the AI Legal space.
Awaira Score
Out of 100
HQ
India
Founded
2017
Raised
$113M
Stage
Series B
Team
100-500
About SpotDraft
SpotDraft is a contract intelligence platform that uses AI to accelerate contract drafting, review, negotiation, and management for legal and business teams, offering a clause library, contract templates, automated redlining, and a centralized contract repository with AI-powered search and analytics. The platform is designed to reduce the time legal teams spend on routine contract tasks by…
Key Facts
- SpotDraft has raised a total of $113M in disclosed funding across 3 funding rounds.
- SpotDraft was founded in 2017 by Shashank Bijapur and is headquartered in India.
- SpotDraft employs approximately 100-500 people.
- SpotDraft operates in the AI Legal category and is currently at the Series B stage.
- SpotDraft has an Awaira Score of 63/100, ranking it among the tracked AI companies on Awaira.
- SpotDraft's most recent funding round was a Series B of $79.1M closed in February 2020.
Source: Awaira · Updated Mar 24, 2026
Valuation
N/A
Post-money
Total Raised
$113M
All rounds
Awaira Score
63/100
Founded
2017
100-500 employees
Strengths & Risks
Strengths
Strong Awaira Score of 63/100
Large team of 100-500+ employees
Part of India's rapidly growing AI ecosystem
Considerations
Valuation not publicly disclosed
Analysis based on publicly available data. Not investment advice.
Funding Velocity
3
Total Rounds
$37.67M
Avg Round Size
2.7yr
Funding Span
SpotDraft raised 3 rounds over 2.7 years, averaging $37.67M per round — a pace of roughly one round every 11 months.
Awaira estimate based on public data. Not financial advice.
How does SpotDraft stack up against competitors?
Competitor Comparison
| Metric | ★SpotDraft | Ironclad | Harvey AI | Casetext |
|---|---|---|---|---|
| Awaira Score | 63/100 | 80/100 | 78/100 | 75/100 |
| Total Raised | $113M | $333M | $806M | $64M |
| Valuation | N/A | $3.2B | $8B | $650M |
| Stage | Series B | Series E | Series F | Acquired |
| Founded | 2017 | 2014 | 2022 | 2013 |
| Employees | 100-500 | 400 | 200 | 120 |
| Country | 🇮🇳 | 🇺🇸 | 🇺🇸 | 🇺🇸 |
Funding Rounds
Inactive$79.1M
Feb 2020
$24.86M
Oct 2018
$9.04M
Jun 2017
SpotDraft Latest News
Founded Same Year (2017)
Similar by Funding Stage (Series B)
More from India
🇮🇳 View all AI companies in India →Alternatives
View all alternatives to SpotDraft →If you're looking at SpotDraft, also check out
View all AI Legal →People Also Viewed
Frequently Asked Questions
What is SpotDraft's valuation?▾
Who invested in SpotDraft?▾
When did SpotDraft last raise funding?▾
How many employees does SpotDraft have?▾
What does SpotDraft do?▾
Who founded SpotDraft?▾
Is SpotDraft profitable?▾
Where is SpotDraft headquartered?▾
Compare SpotDraft
See how SpotDraft stacks up against competitors in valuation, funding, team size, and Awaira Score.