SpotDraft, the CLM platform that helps in-house legal teams manage their contract ecosystems, has raised $54 million in Series B funding. Vertex Growth Singapore and Trident Partners were the lead investors, the existing investors (Xeed VC, Arkam Ventures, Prosus Ventures, and Premji Invest) have also participated in this round. SpotDraft is an AI-driven contract lifecycle management (CLM) platform built for in-house legal teams. The tool manages all aspects of contracting, including AI-assisted redlining, e-signatures, intelligent contract repository, third-party papers, clickwrap agreements and more.