Spotdraft’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: Draftspotting Technologies Private Limited | CIN: U72200HR2017PTC068652
SpotDraft, founded in 2017, is a leading AI-powered contract lifecycle management (CLM) platform with dual headquarters in Bengaluru and New York. Co-founded by Shashank Bijapur, Rohith Salim, and Madhav Bhagat, the company helps legal and business teams automate and streamline contract workflows, improve compli... SpotDraft’s cutting-edge technology empowers organizations to draft, review, and manage contracts more efficiently, reducing legal bottlenecks and enhancing operational agility. With a strong focus on innovation and user experience, SpotDraft is transforming how modern enterprises approach contract management globally.
| Founded | 2017 |
|---|---|
| Headquarters | Bengaluru, India & New York, USA |
| Sector | Enterprise Applications & Legal Tech |
| Revenue FY23 | $6.3 million |
| Profit/Loss FY23 | -$3 million |
| Employees (approx.) | 200 |
| Round | Date | Amount (USD) | Valuation (USD) | Investors |
|---|---|---|---|---|
| Series B | Feb 12, 2025 | $54M | — | Vertex Growth, Xeed Ventures, Arkam Ventures |
| Series A | Mar 02, 2023 | $26M | $147M | Premji Invest, Prosus, Arkam Ventures |
| Series A | Dec 05, 2024 | $6M | $136M | Xeed Ventures, Arkam Ventures |
| Seed | Feb 22, 2019 | $1.5M | $8M | Hunch Ventures, Singapore Angel Network |
SpotDraft has demonstrated impressive revenue growth, scaling from $2.5 million in FY22 to a projected $10 million in FY24. The company continues to reduce losses steadily, indicating strong operational improvements and market adoption of its AI-driven CLM solutions.
While expenses have increased due to aggressive expansion in global markets, SpotDraft remains focused on efficiency and long-term margin improvements. Investments in R&D and sales are driving future growth and establishing a robust foundation for profitability.
SpotDraft's workforce has grown significantly to support global expansion and product development. The team has grown from 150 employees in FY22 to around 250 projected in FY24, ensuring the ability to scale operations and innovate continuously.
| Metric | Detail |
|---|---|
| Revenue FY23 | $6.3 million |
| Profit/Loss FY23 | -$3 million |
| Funding Raised | $104 million total |
| Employees | 200+ and expanding |
Overall, SpotDraft shows strong growth with increasing revenue and workforce, while working towards reducing losses. Continued investor confidence and operational scale-up reinforce its position as a leading legal tech player globally.
SpotDraft is rapidly establishing itself as a global leader in contract management solutions. With consistent revenue growth, improving margins, and strong investor support, the company is well-positioned for future milestones. The leadership team’s vision and execution capacity make SpotDraft a standout in legal tech. Make smarter business decisions with verified insights on companies and directors. Visit Affluense.ai to learn more.
- Company filings and reports
- Public news articles
- Affluense.ai research
© 2025. All information is curated from public and third-party sources and provided solely for legitimate business use. Please ensure proper authorization before use. The depth of information depends on what is publicly available and may vary between individuals.