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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.
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.
Company Information
Company
Covenant
Location
Leipzig, Saxony, Germany
About
Covenant is a defense technology startup founded in 2024 by Israeli-American entrepreneurs Michael Kaufman and Ofir Dayan. The company specializes in manufacturing the Anthem long-range precision strike system designed for NATO allies. Covenant aims to produce its systems primarily with a European supply chain, addressing the need for local manufacturing in defense. It has rapidly gained attention in the defense sector after raising over $250 million in funding.
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LeipzigManufacturing