At a Glance
| Detail | SpotDraft | TermScout |
|---|---|---|
| Category | CLM | CLM |
| Total raised | $88M | $6.3M |
| Rounds tracked | 3 | 2 |
| Latest round | Series B extension, $8M · Jan 2026 | Seed, $5M · May 2022 |
| Last valuation | Not disclosed | Not disclosed |
| Lead investors | Qualcomm Ventures, Vertex Growth Singapore, Trident Growth Partners, Premji Invest | NFX, Ground Up Ventures |
| Built for | In-house teams | Not disclosed |
| Headquarters | United States | United States |
Funding, Side by Side
SpotDraft rounds
- Jan 2026Series B extension$8M
- Feb 2025Series B$54M
- Mar 2023Series A$26M
TermScout rounds
- May 2022Seed$5M
- Jul 2020Seed$1.3M
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, SpotDraft or TermScout?
- SpotDraft has raised $88M in disclosed funding, compared with $6.3M for TermScout.
- Do SpotDraft and TermScout share investors?
- No. None of the investors we track have backed both companies.
- What is SpotDraft best for?
- SpotDraft is AI contract lifecycle management software for drafting, reviewing, signing and renewing contracts.
- What is TermScout best for?
- Contract certification and data.
Source: Legal Tech Circle funding data, from public announcements. Updated November 10, 2026.