Covenant Advises Level3AI on US$13 Million Seed Funding Round

According to a recent LinkedIn post from Covenant, the firm served as legal advisor to Level3AI on a US$13 million seed funding round. The post indicates the deal was led by Director Pei Tong Ng, who heads the firm’s Mergers & Acquisitions and Capital Markets practice.

The funding was reportedly anchored by global venture capital firm Lightspeed, with participation from BEENEXT, 500 Global, Sovereign’s Capital and Goodwater Capital. The LinkedIn post describes Level3AI as a Singapore-based enterprise AI startup with a growing portfolio of regional brand clients.

According to the post, Level3AI plans to use the seed capital for strategic expansion across the Asia-Pacific market and for continued R&D on its proprietary AI agents. For Covenant, involvement in a sizable early-stage AI financing suggests ongoing traction in venture, technology and cross-border capital markets mandates.

While individual deal fees are not disclosed, consistent participation in such transactions could support Covenant’s revenue pipeline and strengthen its positioning in high-growth sectors like AI and enterprise software. The engagement may also enhance the firm’s visibility among global venture investors active in the region, potentially leading to further advisory opportunities.