Brazilian AI startup Enter raised an undisclosed amount in a round led by Sequoia, with participation from Atlantico. The investment is Sequoia’s second in Brazil, following Nubank.
Enter provides AI-powered software that analyzes the causes of lawsuits, reviews case specific data, and generates a ready-to-file legal defense.
“What happens in Brazil is very unusual. Over 90% of all labor lawsuits in the world occur here, significantly impacting companies’ bottom lines,” said Mateus Costa-Ribeiro, Enter’s Co-founder and CEO.
Mateus Costa-Ribeiro, Henrique Vaz, and Michael Mac-Vicar founded Enter in 2023. Costa-Ribeiro was a Milbank associate, while Vaz and Mac-Vicar were CMO and CTO of unicorn gaming company Wildlife Studios.
Enter has raised $5.5M to date and serves clients like Nubank, C6, SulAmerica, BMG, Agibank, Vivo, and Light.
Read more on Brazil Journal.
