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Covenant secures over $250 million in funding to support the production of its Anthem precision strike system in Leipzig, Germany. This financing values Covenant at over $1 billion.
Amount Raised
$250 Million
Round Type
Venture
LeipzigManufacturingInvestors
Description
Covenant has opened a 10,000-square-meter production facility in Leipzig, Germany, aiming to manufacture the Anthem system for NATO allies. The company secured over $250 million from notable investors including Andreessen Horowitz and Founders Fund. With a focus on local manufacturing, Covenant plans to reduce dependence on non-European components. This funding validates Covenant's strategic direction in the defense technology market.
Fundz sees it the moment Covenant raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Covenant raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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