Covenant Launches AI Platform for Venture Deal Execution

Covenant, the AI-powered law firm for private markets, announced in a press release the launch of its venture investments point solution aimed at transforming how venture deals are executed. The platform is designed for venture capitalists seeking faster, AI-supported deal execution.

The new tool provides rapid summaries of financing documents, automated commentary on terms, and issue lists to help investors manage transactions efficiently. It also offers fixed-fee legal representation and uses AI to assist with due diligence and document mark-ups.

Users can track evolving deal terms, benchmark them against portfolio data, and manage investment information in a centralized database. Covenant, headquartered in New York and led by CEO Jen Berrent and General Counsel Richard Perris, is backed by Flybridge Capital Partners and serves institutional investors worldwide.