Legal Tech Startup: Spotdraft

Spotlight on: Spotdraft

Description
Developer of an artificial intelligence-driven contract management platform designed to draft and execute legal contracts. The company's platform advises businesses about existing contracts without any additional cost or fees and sends customized reminders and invoices, enabling businesses to procure payment quickly and avoid all the confusing paperwork.

Most Recent Financing Status (As of December 2023)
The company raised $26 million of Series A venture funding in a deal led by Premiji Invest on March 2, 2023. Prosus Ventures 7 other investors also participated in the round. The funds will be used for innovative AI and machine learning features in development in April.

Founder and Chairman: Shashank Bjapur, [email protected]

HQ Location: 4th Floor, UrbanVault 97 - 17th Cross Road, Sector 4, HSR Layout Bengaiuru, Karnataka 560102 India

Employees: 223 (as of December 2023)

Total Raised: $44.33M (as of March 2023)

Growth Rate: 3.27% Weekly Growth (93rd percentile)

Size Multiple: 20.7X Median (95th percentile)

Institutional Investor:

• Addition
• Prosus Ventures
• Purple Matter
• Supermorpheous
• Naspers
• AL Trust
• 021 Capital
• Arkam Ventures
• Boldcap
• Girish Mathrubootham
• Indus Khaltan
• Jai Singh
• Karanpal Singh
• Neon Fund
• Peeyush Ranjan
• Premji Invest (Bangalore)
• Prosus
• Riverwalk Holdings
• Shalini Prakash
• Strategi Venture Fund
• Technology 9 Labs
• Unitary Fund
• Startup Challenge
• 500 Global
• Citrus Payment Solutions
• Hunch Ventures
• Satyen Kothari
• Singapore Angel Network
• Spiral Ventures
• Startup Haryana

To learn more about Spotdraft, visit their website or follow them on Linkedin

Source: Pitchbook, February 2024