Covenant, an AI-focused law firm serving private market investors, has raised $250.0M in a funding round backed by Andreessen Horowitz and Lightspeed.
The New York-based firm, led by former WeWork COO and CLO Jen Berrent and ex-CVC General Counsel Richard Perris, is building a platform that aims to cut legal fees and speed up transactions for clients like endowments and sovereign wealth funds. The sizable round underscores growing investor appetite for AI reshaping professional services, though Covenant's exact valuation and use of proceeds were not disclosed.






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