A note from the co-founders
SpotDraft has just raised $26 Million in Series A funding!
We're beyond thrilled to announce that the round was led by Premji Invest, with participation from some of our existing investors like 021 Capital and Riverwalk Holdings. But that's not all - we've also got new investors on board, including the 100X Entrepreneur Fund, Prosus Ventures, Arkam Ventures, and a clutch of strategic angels.
A big milestone
Our recent series A funding marks a major milestone for us, and we couldn't have done it without our customers. The best part? Many of our investors were introduced to us by happy customers who raved about our platform. Others took notice when they saw how many of their portfolio companies were already using SpotDraft.
We're thrilled about the opportunities this funding presents, and we've already started using it to take SpotDraft to the next level. We have several innovative AI and machine learning features in development for April - stay tuned for more!
SpotDraft, the ultimate co-pilot for modern legal teams
Every time a dollar enters or exits a business, it all comes back to one thing - contracts. This makes contracts critical to business operations but puts undue pressure on legal teams — they are often stuck with the tedious and time-consuming task of managing them, leaving little time for strategic projects.
But it doesn’t have to be that way. SpotDraft changes the game for legal teams by ensuring:
- Mundane and repetitive contracting work is automated,
- Contracts don’t become bottlenecks in fast-growing businesses,
- Legal teams are empowered to become key enablers of business growth, and a lot more!
These funds will be used to double down on making this a reality for more businesses across the globe.
What we’re building
Here’s what we’re heavily investing in over the next couple of years:
AI and ML-based suggestions for contracts
We are building an AI engine personalized for legal teams - to ensure that all repetitive redlines, negotiations, and edits happen faster than ever.
Deeper integrations with more business tools
We’ve built a seamless contracting layer within the tools used by business teams, so you see adoption within weeks. We’ll further expand our integration play moving forward.
A best-in-class implementation program
To ensure that our customers start seeing RoI with SpotDraft faster than ever, we are doubling down on our implementation program.
The most user-friendly platform in the market
Creating and managing contracts shouldn’t be that hard! We are constantly working on elevating the entire contracting experience for legal and business teams.
Customer feedback has always been a key deciding factor in what we build at SpotDraft, and we’ve now made our product roadmap
public for this very reason. Using this portal, customers can see what's in the pipeline and suggest or upvote feature requests. Check it out to see what we're building in the coming months!
We have a challenging and exciting journey ahead of us, and that's why we plan to double our team in the coming months.
We're building on our solid foundation for growth and taking things to the next level - focusing on making our products even better, refining our GTM model, and exploring new ideas through R&D. It's an exciting time, and if you’d like to be a part of our journey, we encourage you to check out openings on our team here