News
Covenant Raises $4M Build First AI Law Firm for Private Market Investors
AI-Powered Law Firms Test the Bounds of Legal Work by Robots
"Rapidly evolving AI is giving rise to a new kind of law firm: one where artificial intelligence is not just a cost-saving tool but is integral to how the firm operates… Covenant, which advertises itself as an AI law firm for private markets, said last week that it had raised $4 million in seed funding." - Kaustuv Basu, senior enterprise reporter and Evan Ochsner, reporter at Bloomberg Law
Covenant Raises $4M Seed to Solve Private Market Legalese Through AI-Powered Legal Innovation
“This isn't just part of the broader funds tech trend…It also reflects a new model we’re seeing more of: law firms using generative AI to drive their own product development. Most of the activity in this space so far has come from tech vendors. Covenant blurs that line and that’s noteworthy." - Nicola Shaver, CEO and co-founder of Legaltech Hub
Covenant, An 'AI Law Firm' For Investors, Raises $4M
"Funding for legal technology companies surged 44% year-over-year to about $3.56 billion in the first half of 2025... thanks in part to general-purpose artificial intelligence platforms for lawyers." - Matt Perez, reporter at Law360
Covenant Raises $4M Seed to Accelerate AI Legal Innovation for Private Markets
WeWork's former top lawyer is starting an AI-native law firm
"Just as TurboTax made many Americans question whether they really needed an accountant, Covenant aims to give private market investors a reason to ask whether Big Law's invoices are still worth it." - Melia Russell, reporter at Business Insider
