SpotDraft Secures $8M Series B Extension
Vc News Daily
SpotDraft received an $8 million Series B extension from Qualcomm Ventures to meet growing demand for its on-device legal AI platform.Summary
SpotDraft, an AI-powered contract lifecycle management (CLM) platform, has secured an $8 million Series B extension led by Qualcomm Ventures. This investment follows a $56 million Series B raise in February 2025 and highlights increasing enterprise interest in secure, high-performance legal AI capable of running directly on devices. Founded by Shashank Bijapur and Madhav Bhagat, SpotDraft combines user-friendly workflows with AI-driven contract intelligence, enabling legal teams to improve efficiency, scale operations, and demonstrate business value. The company has received recognition from Fast Company and Forbes Asia, being named among the Most Innovative Companies 2024 and 100 to Watch, respectively.
(Source：Vc News Daily)
