At a Glance
| Detail | Covenant | Legora |
|---|---|---|
| Category | GenAI & Drafting | GenAI & Drafting |
| Total raised | $4M | $1.42B |
| Rounds tracked | 1 | 7 |
| Latest round | Seed, $4M · Jul 2025 | Series E, $550M · Oct 2026 |
| Last valuation | Not disclosed | $8.8B |
| Lead investors | Flybridge Capital Partners | Atreides Management, Accel, Benchmark, Bessemer Venture Partners |
| Built for | Not disclosed | In-house teams, Large firms, Mid-size firms |
| Headquarters | United States | Sweden |
Funding, Side by Side
Covenant rounds
- Jul 2025Seed$4M
Legora rounds
- Oct 2026Series E$550M
- Apr 2026Series D extension$50M
- Mar 2026Series D$550M
- Oct 2025Series C$150M
- May 2025Series B$80M
- Jul 2024Series A$25M
- May 2024Seed$10.5M
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 Legora?
- Legora has raised $1.42B in disclosed funding, compared with $4M for Covenant.
- Do Covenant and Legora 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 Legora best for?
- Legora is a collaborative AI workspace for lawyers to review documents, research and draft.
Source: Legal Tech Circle funding data, from public announcements. Updated November 11, 2026.