Funding · Enterprise Software & IT

SpotDraft secures $8 Mn Series B extension from Qualcomm Ventures

By Startup Enthusiast · 27 January 2026

What they do

SpotDraft builds an AI-powered contract lifecycle management platform for legal and sales teams

Qualcomm Ventures led the $8 Mn funding round to expand global enterprise presence

The company reported Rs 121 crore revenue in FY25 with strong user growth metrics

SpotDraft has secured an $8 Mn Series B extension funding round.
Qualcomm Ventures acted as the lead investor in this latest financing.
The company plans to use funds to deepen its AI capabilities and product offerings.
SpotDraft aims to expand its enterprise presence across the Americas, EMEA, Middle East, Africa, and India.
This follows a previous $54 Mn Series B led by Vertex Growth and Trident Partners in February 2025.
Total capital raised by SpotDraft now stands at approximately $92 Mn.
The company was last valued at $132 Mn prior to this extension.
SpotDraft operates as an Indian startup headquartered in Bengaluru since 2017.

The investment highlights growing interest in AI-driven legal tech solutions globally.
Qualcomm's involvement signals strategic alignment with hardware optimization for AI tasks.
SpotDraft demonstrates rapid revenue growth despite reporting significant operational losses.
The funding supports aggressive international expansion into key global markets.

SpotDraft provides an AI-powered contract lifecycle management (CLM) platform.
The tool assists sales, legal, and HR teams with contract automation.
Features include AI-assisted redlining, e-signatures, and clickwrap agreements.
Core contract understanding runs locally on devices to ensure data privacy.
Large-scale analytics and orchestration are handled via cloud infrastructure.
The platform is optimized for Qualcomm Hexagon NPU processors.
It demonstrated performance on Snapdragon X Elite laptops at the 2025 Summit.
Clients include Apollo.io, Panasonic, Zeplin, and Whatfix.
The company reports over 1 million annual contract volume processed.

Expand enterprise presence across Americas, EMEA, Middle East, Africa, and India.
Deepen product and AI capabilities through new funding.

Qualcomm Ventures (lead) — Venture arm of Qualcomm focusing on technology investments.
Vertex Growth Singapore (existing) — Subsidiary of Temasek that co-led the previous Series B.
Trident Growth Partners (existing) — Investment firm that co-led the previous Series B.
Xeed VC (prior) — Prior investor in SpotDraft.
Arkam Ventures (prior) — Prior investor in SpotDraft.
Prosus Ventures (prior) — Prior investor in SpotDraft.
Google for Startups (prior) — Prior investor in SpotDraft.
021 Capital (prior) — Prior investor in SpotDraft.

Product: A contract lifecycle management platform with AI-assisted legal workflows
Customers: In-house legal teams at enterprises
How it makes money: SaaS subscriptions for enterprise legal workflow software
What sets it apart: Runs sensitive contract intelligence workflows on-device for privacy
Operations: Operates from Bengaluru and New York and serves customers across multiple regions