Venture Capital News: SpotDraft Secures $8M Series B Extension
2026-01-27
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NEW YORK, NY, SpotDraft, the leading AI-powered contract lifecycle management (CLM) platform, has raised $8 million from Qualcomm Ventures in a strategic Series B extension.
The investment follows SpotDraft's $56 million Series B raise in February 2025 and reflects accelerating enterprise demand for secure, high-performance legal AI that can run directly on-device.
SpotDraft is an AI-powered contract lifecycle management platform that combines intuitive workflows, business-friendly design, and AI-powered contract intelligence to help legal teams reduce turnaround times, scale operations, and demonstrate measurable business impact. Founded by Shashank Bijapur and Madhav Bhagat, SpotDraft has been recognized by Fast Company's Most Innovative Companies 2024 and Forbes Asia's 100 to Watch.
SpotDraft is an AI-powered contract lifecycle management platform that combines intuitive workflows, business-friendly design, and AI-powered contract intelligence to help legal teams reduce turnaround times, scale operations, and demonstrate measurable business impact. Founded by Shashank Bijapur and Madhav Bhagat, SpotDraft has been recognized by Fast Company's Most Innovative Companies 2024 and Forbes Asia's 100 to Watch.
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