Founders Fund Leads $100 Million Series B for Enter, Latin America’s First Unicorn

Gunderson Dettmer represented Founders Fund as the lead investor in Enter’s $100 Million Series B financing round. Ribbit Capital, Sequoia Capital, ONEVC, Atlantico, and Kaszek also participated in the round, which valued the Brazilian legal tech company at $1.2 billion. Enter is now the first AI unicorn in Latin America.

Enter automates business litigation, using AI to analyze processes, organize evidence, and suggest legal paths, which are then reviewed by humans. The new capital will be primarily directed towards hiring and infrastructure in addition to research and development.

“Since our Series A funding round, our revenue has grown more than 10x and our customer base has tripled,” the Enter team said in the announcement of the transaction. “Over 300,000 legal cases per year go through EnterOS. What was once a bet on the future is now an operating system running within the legal departments of Bradesco, Nubank, Mercado Livre, Airbnb, LATAM Airlines, Azul, and more than 40 other large companies.”

The Gunderson deal team was led by Adan Muller and included Eduarda Tavares.