FOUNDERS FUND AND SEQUOIA BACK BRAZILIAN AI STARTUP ENTER IN $350M VALUATION BET ON THE WORLD’S TOUGHEST LEGAL MARKET

SÃO PAULO, Sept 25 (Bernama) -- Brazil has nearly 80 million active lawsuits - eight times the U.S. - with labor claims alone costing companies billions of dollars annually. Free digital filings have fueled an avalanche of consumer cases against banks, retailers and airlines that elsewhere would be resolved by routine customer support.

Confronted with this reality, Mateus Costa-Ribeiro became Brazil’s youngest practicing lawyer at 18, graduated from Harvard Law, passed the New York Bar at 20, and left a full-ride Stanford MBA to build Enter, an AI platform designed to help enterprises manage litigation at scale. That convergence of founder and problem has now drawn Silicon Valley investors Founders Fund and Sequoia back to Brazil to co-lead Enter’s $35M Series A at a $350M valuation, the largest investment in an AI-focused company in Latin America to date.