Covenant Secures $4M Seed Funding to Advance AI Legal Services

Covenant, an AI law firm for private market investors, has raised $4 million in seed funding led by Flybridge Capital Partners to enhance its AI-powered legal solutions.

Covenant, an AI-driven law firm focused on private market investors, has raised $4 million in seed funding, announced in a press release. The funding round was led by Flybridge Capital Partners, with participation from former hedge fund manager Neil Barsky.

Covenant aims to revolutionize the legal industry by integrating advanced AI with legal expertise, offering services that increase deal velocity and provide data insights at reduced costs. Since its launch in January 2024, the firm has gained the trust of top-tier endowments, foundations, and sovereign wealth funds.

The firm employs multiple foundational AI models to ensure clients benefit from the latest technological advancements, with human verification processes in place to maintain accuracy and security. Covenant's tools, such as the limited partnership agreement review and the newly launched Most Favored Nation election tool, are designed to streamline legal processes for private market investors.

We hope you enjoyed this article.

Consider subscribing to one of several newsletters we publish like Legal AI Weekly.

Also, consider following us on social media:

Legal AI

AI Brief (X)

More from: Funding

Vultron Secures $22 Million for Agentic OS Expansion

Jul 21

Quadsat Secures €5 Million to Enhance Defense Capabilities

Jul 21

Stocktwits Acquires Thematic to Enhance AI Investment Research

Jul 20

UK VC Investment Hits Five-Year Low Despite AI Interest

Jul 20

GeologicAI Secures $44 Million for AI-Driven Mineral Exploration

Jul 20

Subscribe to Legal AI Weekly

The source for the Legal AI software news, analysis, emerging applications: contract review, e-discovery, research.

Whitepaper

Stanford HAI’s 2025 AI Index Reveals Record Growth in AI Capabilities, Investment, and Regulation

The 2025 AI Index by Stanford HAI provides a comprehensive overview of the global state of artificial intelligence, highlighting significant advancements in AI capabilities, investment, and regulation. The report details improvements in AI performance, increased adoption in various sectors, and the growing global optimism towards AI, despite ongoing challenges in reasoning and trust. It serves as a critical resource for policymakers, researchers, and industry leaders to understand AI's rapid evolution and its implications.