At a Glance
| Detail | Lexion | SpotDraft |
|---|---|---|
| Category | CLM | CLM |
| Total raised | $35.2M | $88M |
| Rounds tracked | 3 | 3 |
| Latest round | Series B, $20M · Apr 2023 | Series B extension, $8M · Jan 2026 |
| Last valuation | Not disclosed | Not disclosed |
| Lead investors | Point72 Ventures, Khosla Ventures, Madrona Venture Group, Wilson Sonsini | Qualcomm Ventures, Vertex Growth Singapore, Trident Growth Partners, Premji Invest |
| Built for | In-house teams, Mid-size firms | In-house teams |
| Headquarters | United States | United States |
Funding, Side by Side
Lexion rounds
- Apr 2023Series B$20M
- Jun 2021Series A$11M
- Jul 2019Seed$4.2M
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, Lexion or SpotDraft?
- SpotDraft has raised $88M in disclosed funding, compared with $35.2M for Lexion.
- Do Lexion and SpotDraft share investors?
- No. None of the investors we track have backed both companies.
- What is Lexion best for?
- Lexion is contract management software that helps legal and operations teams run contract workflows for sales, procurement and HR.
- 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.