São Paulo-based legaltech company Enter has successfully raised $37.5 million in a Series A funding round led by Founders Fund and Sequoia Capital, valuing the company at $375 million post-money. This marks the largest investment in a Latin American AI-focused legal startup to date.
Founded in 2023 by Mateus Costa-Ribeiro, Michael Mac-Vicar, and Henrique Vaz, Enter leverages artificial intelligence to automate legal defenses for large corporations facing consumer lawsuits. The company’s AI platform analyzes cases, processes company data, and generates formal defenses for the court, significantly reducing the time and cost associated with legal proceedings.
Enter’s client roster includes 15 publicly listed companies, such as Mercado Livre, Magazine Luiza, Santander, Itaú, and Banco Mercantil. The company manages approximately 30% of consumer lawsuits for its clients, with annual contracts averaging $750,000. Enter anticipates processing around 250,000 lawsuits in 2025, equating to 14% of all consumer claims involving Brazil’s top 10 most-sued corporations.
The newly acquired funds will be utilized to scale operations, expand Enter’s enterprise client base, and strengthen engineering, sales, and AI deployment teams. The company aims to enhance its platform’s capabilities and extend its reach within the legal industry.
This investment underscores the growing confidence in legal AI solutions and highlights Enter’s potential to lead in the legaltech sector. With the backing of prominent venture capital firms and a strong client base, Enter is poised to continue its rapid growth and contribute to the transformation of the legal industry in Brazil and beyond.
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