SaaS startup SpotDraft raises $8 million from Qualcomm Ventures

Software-as-a-service (SaaS) company SpotDraft, which specialises in contract management and legal agreements, has raised $8 million from Qualcomm Ventures.

The investment is an extension of the company’s $56 million funding round led by Vertex Growth and Trident Partners in February 2025.

SpotDraft said the fresh capital will be used to strengthen its product and artificial intelligence (AI) capabilities and to expand its enterprise presence across the Americas, Europe, the Middle East, Africa and India.

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