SpotDraft Bolsters Leadership Team to Scale AI-Powered CLM Platform Globally
SpotDraft, the leading AI-powered contract lifecycle management (CLM) platform, today announced the appointments of Alon Waks as Chief Marketing Officer and Amit Sharma as Chief Financial Officer. These strategic hires underscore SpotDraft's commitment to scaling operations across the Americas, EMEA, and India as the company builds on strong momentum following its $54 million Series B raise earlier this year.
Legal Teams Could Cut Contract Time and Improve Efficiency by 73% with AI, But Most Stick with Manual Processes
Legal departments could slash contract processing time from 19 days to just 3 days and ultimately improve efficiency by 73% using automation, yet the majority continue using manual processes that create significant business bottlenecks, according to a new survey from SpotDraft.
Former Meta & Coinbase Legal Ops Director Akshay Verma Joins SpotDraft as COO
Legal ops maven Akshay Verma joins SpotDraft, a frontrunner in contract lifecycle management software, as its Chief Operating Officer. Verma, celebrated for his transformative roles at tech behemoth Meta and crypto giant Coinbase, will bring a fresh wave of operational excellence to SpotDraft.
SpotDraft Raises $26 Million in Series A Funding for AI-Powered Legal Software
SpotDraft, the leading AI-powered Contract Lifecycle Management (CLM) solution for high-growth startups and scaleups, today announced it closed $26 million in Series A funding. The round was led by Premji Invest, with participation from Prosus Ventures, 021 Capital, Arkam Ventures, Riverwalk Holdings, and 100x Entrepreneur Fund. The cash infusion is earmarked for further product development and aggressive growth in North America, identified as a key market by the company.
