At a Glance
| Detail | Draftwise | SpotDraft |
|---|---|---|
| Category | CLM | CLM |
| Total raised | $25M | $88M |
| Rounds tracked | 2 | 3 |
| Latest round | Series A, $20M · Mar 2024 | Series B extension, $8M · Jan 2026 |
| Last valuation | Not disclosed | Not disclosed |
| Lead investors | Index Ventures, EarlyBird | 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
Draftwise rounds
- Mar 2024Series A$20M
- Jun 2023Seed$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, Draftwise or SpotDraft?
- SpotDraft has raised $88M in disclosed funding, compared with $25M for Draftwise.
- Do Draftwise and SpotDraft share investors?
- No. None of the investors we track have backed both companies.
- What is Draftwise best for?
- DraftWise provides an AI contract and negotiation platform that assists law firms in procuring quality contracts.
- 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.