At a Glance
| Detail | Clause | SpotDraft |
|---|---|---|
| Category | CLM | CLM |
| Total raised | $5.5M | $88M |
| Rounds tracked | 1 | 3 |
| Latest round | Series A, $5.5M · Jun 2019 | Series B extension, $8M · Jan 2026 |
| Last valuation | Not disclosed | Not disclosed |
| Lead investors | Galaxy Digital | Qualcomm Ventures, Vertex Growth Singapore, Trident Growth Partners, Premji Invest |
| Built for | Not disclosed | In-house teams |
| Headquarters | United States | United States |
Funding, Side by Side
Clause rounds
- Jun 2019Series A$5.5M
SpotDraft rounds
- Jan 2026Series B extension$8M
- Feb 2025Series B$54M
- Mar 2023Series A$26M
Our Take
We have not tested these two head to head yet. The numbers above come from public funding announcements. If you use either one, tell us what you found and it may become a Field Note.
Quick Answers
- Which has raised more, Clause or SpotDraft?
- SpotDraft has raised $88M in disclosed funding, compared with $5.5M for Clause.
- Do Clause and SpotDraft share investors?
- No. None of the investors we track have backed both companies.
- What is Clause best for?
- Cloud platform for building smart contracts connected to outside tools and data.
- What is SpotDraft best for?
- SpotDraft is AI contract lifecycle management software for drafting, reviewing, signing and renewing contracts.
Source: Legal Tech Circle funding data, from public announcements. Updated November 10, 2026.