Common Paper
Common Paper is a contract system for startups that helps teams send, negotiate, and manage contracts, including standard agreements and playbook-based redlining.
SpotDraft
SpotDraft is AI contract lifecycle management software for drafting, reviewing, signing and renewing contracts.
Common Paper vs SpotDraft
At a Glance
| Detail | Common Paper | SpotDraft |
|---|---|---|
| Category | CLM | CLM |
| Total raised | Not disclosed | $88M |
| Rounds tracked | Not disclosed | 3 |
| Latest round | Not disclosed | Series B extension, $8M · Jan 2026 |
| Last valuation | Not disclosed | Not disclosed |
| Lead investors | Not disclosed | Qualcomm Ventures, Vertex Growth Singapore, Trident Growth Partners, Premji Invest |
| Built for | Not disclosed | In-house teams |
| Headquarters | Not disclosed | United States |
Funding, Side by Side
Common Paper rounds
No public rounds tracked yet.
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, Common Paper or SpotDraft?
- SpotDraft has raised $88M in disclosed funding, compared with no disclosed amount for Common Paper.
- What is Common Paper best for?
- Common Paper is a contract system for startups that helps teams send, negotiate, and manage contracts, including standard agreements and playbook-based redlining.
- 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 11, 2026.