SpotDraft is an AI-powered contract management platform designed for in-house legal teams that want to streamline the entire contract lifecycle — from initial request and template selection through negotiation, approval, e-signature, and ongoing obligation management. The platform's AI assists at every stage, reducing the time legal teams spend on routine contract work.
SpotDraft raised a $54 million Series B in February 2025 led by Premji Invest, reflecting strong growth in the contract management market and the platform's traction with in-house legal teams globally. The company serves customers across the US, Europe, and Asia-Pacific.
The platform's VerifAI feature uses AI to verify contracts against predefined templates and flag deviations from standard positions, automating the playbook comparison that traditionally consumes significant legal team time. Template management allows teams to maintain approved language libraries that business users can self-serve without legal involvement for routine agreements.
Key capabilities include AI contract drafting, VerifAI deviation detection, negotiation with tracked changes, multi-level approval workflows, e-signature integration, obligation tracking with automated reminders, and a searchable contract repository. Integration with Salesforce, HubSpot, and Slack enables contracts to connect to the business workflows where contract needs originate.
