At a Glance
| Detail | Covenant | Ivo |
|---|---|---|
| Category | GenAI & Drafting | GenAI & Drafting |
| Total raised | $4M | $75.8M |
| Rounds tracked | 1 | 3 |
| Latest round | Seed, $4M · Jul 2025 | Series B, $55M · Jan 2026 |
| Last valuation | Not disclosed | Not disclosed |
| Lead investors | Flybridge Capital Partners | Blackbird Ventures, Costanoa Ventures, Fika Ventures, Uncork Capital |
| Built for | Not disclosed | In-house teams |
| Headquarters | United States | US |
Funding, Side by Side
Covenant rounds
- Jul 2025Seed$4M
Ivo rounds
- Jan 2026Series B$55M
- Feb 2025Series A$16M
- Apr 2024Seed$4.8M
Our Take
We have not tested these two head to head yet. The numbers above come from public funding announcements. If you use either one, tell us what you found and it may become a Field Note.
Quick Answers
- Which has raised more, Covenant or Ivo?
- Ivo has raised $75.8M in disclosed funding, compared with $4M for Covenant.
- Do Covenant and Ivo share investors?
- No. None of the investors we track have backed both companies.
- What is Covenant best for?
- AI legal review tools for private-market investors (LPA review, side letters, NDAs, MFN elections).
- What is Ivo best for?
- Ivo is AI contract review and redlining software for in-house legal teams.
Source: Legal Tech Circle funding data, from public announcements. Updated November 11, 2026.