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Enter Raises $100M Series B, Hits $1.2B Valuation as Latin America’s First AI Unicorn

Published
Score
11

Why it matters

Enter, a São Paulo-based legal AI company, closed a $100 million Series B funding round at a $1.2 billion valuation, becoming Latin America's first AI unicorn. The company automates litigation and consumer-lawsuit management through AI agents that handle repetitive legal tasks before attorney review. Founders Fund led the round, joined by Sequoia Capital, Ribbit Capital, Kaszek, Atlantico, and ONEVC. Greenberg Traurig represented Enter in the transaction.

Enter launched in 2023 and has already secured enterprise clients including Airbnb, Nubank, Mercado Libre, and Latam Airlines. The company targets Brazil's litigation-heavy market, where consumer lawsuits and complex court procedures create demand for workflow automation. The terms of the Series B and Enter's current revenue are not public.

For attorneys, this signals sustained investor confidence in AI applied to high-friction legal processes in emerging markets. The deal also suggests that legaltech companies solving regional pain points—rather than competing directly in saturated U.S. markets—can reach unicorn scale quickly. Watch for Enter's expansion beyond Brazil and whether other Latin American legal AI startups attract similar capital.

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