According to a recent LinkedIn post from Covenant, the firm served as legal counsel to Singapore-based startup Level3AI on a US$13 million seed funding round. The post indicates the round was anchored by Lightspeed, with participation from BEENEXT, 500 Global, Sovereign’s Capital, and Goodwater Capital.
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The company’s LinkedIn post highlights that Level3AI operates in the enterprise AI segment and plans to use the capital for APAC expansion and further development of its proprietary AI agents. For Covenant, the mandate underscores its activity in venture, M&A, and capital markets work, suggesting continued exposure to high-growth technology transactions and related advisory demand.
The post suggests that successful closings of such financings may reinforce Covenant’s reputation among venture investors and emerging growth companies in the region. For investors tracking legal and advisory ecosystems, this type of deal flow can be an indicator of ongoing transaction volumes in APAC tech and AI, potentially supporting revenue visibility for specialist corporate law practices.