Covenant
AI-powered legal solutions for private market investors.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
* | $4.0m | Seed | |
| Total Funding | 000k | ||
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Covenant is an AI-native law firm that provides legal solutions specifically designed for private market investors. The company was co-founded by CEO Jen Berrent, the former COO and Chief Legal Officer at WeWork, and Richard Perris, who previously served as General Counsel of CVC. Both founders drew upon their extensive legal careers to address the need for legal services that are both high-quality and accessible. Covenant launched in January 2024 and in July 2025, announced a $4 million seed funding round led by Flybridge Capital Partners.
The firm's business model centers on integrating advanced artificial intelligence with expert legal review to increase efficiency, reduce costs, and provide data-driven insights for its clients. It targets institutional investors such as endowments, foundations, sovereign wealth funds, and fund of funds. Covenant's services aim to modernize legal systems within the private markets by simplifying complex processes and accelerating transaction velocity.
Covenant's product suite includes several AI-powered tools. The Limited Partnership Agreement (LPA) review tool provides comprehensive summaries within two business days. Another key offering is a Most Favored Nation (MFN) election tool, which reduces the analysis time of lengthy documents from hours to minutes. The company also provides solutions for fund manager due diligence, Form ADV diligence, and creating initial mark-ups of non-disclosure agreements (NDAs). To ensure accuracy, all AI-generated results undergo human verification by experienced lawyers. The company maintains high-security standards with a SOC 2 Type II certification, ensuring client data is protected and not used for training models.
Keywords: AI law firm, private market investors, legal technology, investment due diligence, limited partnership agreement, MFN election tool, institutional investors, fund of funds, legal services automation, deal velocity, data-driven legal, Jen Berrent, Richard Perris, Flybridge Capital Partners, LPA review, NDA markup, fund manager due diligence, legal infrastructure, private equity legal services, venture capital legal