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Contract lifecycle management remains profitable, and SpotDraft raises $26 million

Contract lifecycle management tools offer VCs great potential. Two years ago, contract-drafting, management, and review software startups raised over $70 million in venture equity. Contract lifecycle management, or CLM, is growing fast compared to customer relationship management ($44.9 billion in 2023). Legal tech spending including CLM will triple by 2025, according to Gartner. SpotDraft is one of … ....

United States , Carnegie Mellon , Madhav Bhagat , Shashank Bijapur , Rohith Salim , Riverwalk Fund , White Case , Entrepreneur Fund , Premji Invest , Prosus Ventures , Arkam Ventures ,

SpotDraft Raises US$26 Million for AI-Powered Legal Software

SpotDraft, the leading AI-powered Contract Lifecycle Management (CLM) solution for high-growth startups and scaleups, today announced it closed $26 million in Series A funding. The round was led by Premji Invest, with participation from Prosus Ventures, 021 Capital, Arkam Ventures, Riverwalk Fund, and 100x Entrepreneur Fund. The cash infusion is… ....

United States , Madhav Bhagat , Rohith Salim , Shashank Bijapur , Ashutosh Sharma , Riverwalk Fund , Entrepreneur Fund , Contract Lifecycle Management , Premji Invest , Prosus Ventures , Arkam Ventures , North America , Google Drive , Atul Gupta , India Investments ,