Fundraising Fox

Jusbrasil

Grand Cayman · Founded 2013 · Incorporated in Cayman Islands · 5 known investors

Jusbrasil operates a Brazilian legal information platform that aggregates court records, legislation, and related data. It serves individuals, companies, and attorneys looking to research legal matters or find counsel.

Also known as Jus Brasil · JusBrasil

Founders & leadership

Jusbrasil was founded in 2013 by Rafael Costa.

RC
Rafael CostaFounder

Board

EAEric Acher
Eric Acherin𝕏Board directorCo-Founder & Managing Partner at MONASHEES

Investors · 5

Also in the syndicate · 1

SoftBanklead

Reported raises · per SEC filings

Form D private placements

$128.3M disclosed across 4 of 9 rounds · 2013–2025

$86.1MraisedOct 2023 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Andrew ProzesDirector
  • Rafael CostaDirector
  • Eric AcherDirector
  • Matheus GoyasDirector
  • Rodrigo CostaDirector
  • Daniel MurtaDirector
  • Ivan RibeiroDirector
  • Luca TajraDirector
  • Bruno MaimoneDirector
Offering amount
$86.1M
Amount sold
$86.1M
Proceeds to insiders
$9.7M
First sale
Oct 2023
Incorporated
Other, Cayman Islands
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$32.4MraisedApr 2021 · 3 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • CARLOS MEDEIROSDirector
  • ERIC ARCHERDirector
  • MATHEUS GOYASDirector
  • Rafael CostaExecutive Officer, Director
  • RODRIGO COSTADirector
  • DANIEL MURTAExecutive Officer, Director
Offering amount
$38.1M
Amount sold
$32.4M
First sale
Mar 2021
Incorporated
Other, Cayman Islands
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$7.7MraisedJul 2019 · 3 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Rafael CostaExecutive Officer, Director
  • Eric ArcherDirector
  • Daniel MurtaExecutive Officer, Director
  • Matheus GoyasDirector
Offering amount
$7.7M
Amount sold
$7.7M
First sale
Jun 2019
Incorporated
Other, Cayman Islands
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2.1MraisedJun 2016 · 8 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Eric AcherDirector
  • Rafael CostaExecutive Officer, Director
Offering amount
$2.6M
Amount sold
$2.1M
First sale
Jan 2016
Incorporated
Other, Cayman Islands, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Jusbrasil operates a Brazilian legal information and legal-intelligence platform. It crawls, normalizes and indexes judicial documents from court websites, official gazettes (Diários Oficiais) and case-law repositories that were historically not reachable by general-purpose search engines because they sat behind site search forms — the so-called "hidden web". The company built algorithms to interact with those search fields, making court decisions, jurisprudence and gazette publications findable both on its own site and through Google. According to press coverage, the archive exceeds 1 billion legal documents drawn from more than 1,400 sources, and part of the daily collection work remains manual, with teams visiting courts to gather documents for indexing. The company has also secured an agreement with the Conselho Nacional de Justiça for access to case movements and procedural data.

Beyond search, the platform includes a user-generated content community launched in 2012 in which lawyers and other users publish explanatory articles about legal topics — reported at roughly 300 new publications per day in 2017 — and a marketplace, first implemented in 2014, that routes requests from people seeking legal help to registered attorneys. Additional products described in secondary sources include professional subscription tiers (Jusbrasil PRO), case-tracking and notification features, analytics, and data/API licensing. In 2023 the company launched JusIA, an artificial-intelligence assistant for lawyers built by combining multiple AI models, which prefills documents and surfaces jurisprudence data to help build cases.

Founding story

The company originated in an earlier venture: between 2005 and 2007 the founders tried to build Goshme, a Portuguese-language internet search engine intended to compete with Google, created in Salvador, Bahia. The project won awards but failed to attract investors. At the turn of 2007 to 2008 the team redirected the business toward indexing Brazilian judicial documents, having noticed that millions of legal documents were published daily without the indexing needed to surface in general search engines. To start, the founders combined their own money with roughly BRL 400,000 won through two Fapesb (Fundação de Amparo à Pesquisa do Estado da Bahia) grant competitions in 2007, and rented a two-bedroom apartment near UFMG in Belo Horizonte where 13 people, including the partners, lived and worked while recruiting computing graduate students. Jusbrasil was formally launched in 2008 as a vertical search engine for the legal field. Reported founders include Luiz Paulo Pinho, Rafael Costa, Daniel Murta, Rodrigo Barreto, Gustavo Maia and Osvaldo Matos Júnior; one secondary source instead gives an April 1, 2008 founding date with founders Rafael Costa, Rodrigo Santos, Luiz Paulo Pinho and Daniel Toledano.

Business model

Jusbrasil runs a freemium, two-sided model: free access to legal information and case tracking for the general public, and paid products for legal professionals. Free access was originally financed by programmatic advertising on the site, the company's only revenue source in its early years. Between 2015 and 2017 it shifted its monetization strategy toward subscription plans for high-volume case lookups, aimed both at lawyers and at individuals with cases in court who want updates. The marketplace requires attorneys to subscribe in order to send quotes in response to consumer requests. Secondary sources also describe professional subscription tiers, per-lead marketplace fees, advertising and data/API licensing to insurers and financial institutions.

Revenue comes from subscription plans for case monitoring and legal research, attorney subscriptions and lead fees in the lawyer marketplace, on-site advertising, and licensing of legal data and APIs. In 2017 attorneys paid BRL 49 per month to respond to consumer requests on the marketplace. Secondary sources describe entry professional tiers priced in the roughly USD 20–50 per month range with custom enterprise pricing, and state that as of 2025 subscriptions represented approximately 60% of revenue, the professional marketplace about 25%, and advertising plus API licensing about 15%.

Traction

Reported figures include more than 1 billion indexed cases/documents drawn from over 1,400 sources; roughly 1 million daily site visits and about 70 employees in 2017; and over 1.6 million Brazilians served daily as of the January 2025 funding announcement. Cumulative disclosed investment since 2013 is reported at USD 128 million from investors including Monashees, SoftBank and Founders Fund. Management states the company generates cash, so raising capital is not a priority. Secondary sources cite a database of 900+ million documents and 1.2 million registered professionals, coverage of more than 90 Brazilian courts, and approximately 30 million monthly users by 2020.

Latest developments

A funding round of BRL 86.1 million led by US private equity firm Warburg Pincus was reported, announced in a January 2025 post and described by Estadão as having closed at the end of 2024. In May 2025 CEO Rafael Costa said the company was negotiating with investors for an investment that could value the business above USD 1 billion, which would make it Brazil's first legal-sector unicorn, while also noting that fundraising is not a priority because the business generates cash. The company recently obtained an agreement with the Conselho Nacional de Justiça for access to case movement and procedural data, and is studying expansion into other Latin American countries.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Jusbrasil is described in Brazilian press as one of the largest technology companies serving the legal sector and the country's leading search engine for judicial cases. Reported reach includes more than 1 billion indexed cases/documents and, per a 2025 funding announcement, over 1.6 million Brazilians using the platform daily. Management has publicly stated an ambition to become Brazil's first legal-sector unicorn, noting that no company in the segment has yet reached a valuation above USD 1 billion.

Its principal differentiators are the scale and coverage of its legal corpus, built by indexing court and gazette content that general search engines could not reach, and the combination of automated data ingestion with a crowdsourced editorial layer of lawyer-written articles that raises domain authority and retention. Organic search dominance gives it low customer acquisition costs, and the pairing of proprietary crawling/indexing technology with community content is described as a barrier for traditional legal publishers and generic search providers.

Technology

The platform relies on proprietary crawling and indexing engines that interact with court site search forms to reach unindexed judicial content, combined with cloud-based pipelines that ingest and normalize large volumes of daily court data across dozens of Brazilian courts. Search-engine optimization was a core technical competency from the outset, with the founders learning web indexing techniques themselves. On top of the data layer the company has added machine-learning and AI features, including automated summarization and extraction of rulings and, from 2023, the JusIA assistant for lawyers assembled from multiple AI models.

Go-to-market

Distribution is driven primarily by organic search: SEO-optimized pages for case numbers, lawyer names, jurisprudence and gazette content generate large volumes of inbound traffic, which is then converted into paid subscriptions and marketplace transactions. The lawyer-authored article community reinforces search visibility and user retention. Early revenue came from advertising against this traffic before the company introduced subscription products.

Two main segments: individual citizens seeking to understand their rights, look up legal information or track cases in which they are a party; and legal professionals — solo practitioners, small and medium law firms, researchers and corporate legal departments — who use search, monitoring and analytics tools. Data and API products are aimed at insurers and financial institutions for background checks and risk assessment.

Geography

Founded and headquartered in Salvador, Bahia, with an early engineering base established in Belo Horizonte near the Universidade Federal de Minas Gerais, and a mid-2010s headquarters relocation reported by secondary sources. Operations focus on the Brazilian market; management has said internationalization to other Latin American countries is under study.

History

After launching in 2008, the site grew from about 500 daily visits in mid-2008 to 5 million monthly unique users within two years, and the founders realized the audience included ordinary citizens rather than only legal professionals. A user-article community, inspired by Medium, was developed from 2010 and fully implemented in 2012. The partners took no salary for years — co-founder Luiz Paulo Pinho says he drew his first salary only in 2013 — and the company financed itself with programmatic advertising and loans before its first institutional round. Monashees approached the company in 2013, when it had 8 million monthly unique users, prompting the first serious work on monetization and the settlement of overdue taxes. The marketplace connecting lawyers with consumers was implemented in 2014, followed by an investment from Founders Fund, the US fund's first deals in Latin America (made alongside an investment in Nubank). Between 2015 and 2017 the company adopted subscription plans for bulk case lookups. Secondary sources describe a 2015 "Ache um Advogado" marketplace launch, professional tools and subscription tiers in 2018, a corpus surpassing 1 billion documents by 2022, a 2021 SoftBank-led investment and acquisition of Gedoc, and a shift toward integrated SaaS for small and medium firms by 2024. JusIA, an AI product for lawyers, was launched in 2023, and in late 2024 the company raised BRL 86.1 million led by Warburg Pincus.

Risks & controversies

Secondary sources report that the company has faced high-profile disputes over data privacy and the "right to be forgotten" concerning the publication of judicial records, creating legal, reputational and operational pressure. The business also depends on continued access to court and gazette data — part of which is still collected manually — and on organic search traffic. Broader context includes a weakening Brazilian venture capital environment, with CB Insights data cited showing venture investment in Brazil falling from USD 13.1 billion in 2021 to USD 2 billion in 2024.

Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Advertising and API licensing share of revenueJan 202515%
Attorney marketplace subscription priceApr 201749 BRL per month
Brazilian courts coveredMar 202690 courts
Daily site visitsApr 20171,000,000 visits
Daily usersJan 20251,600,000 users
Data sources usedMay 20251,400 sources
Documents in databaseMar 2026900,000,000 documents
Employee count rangeJan 2025201-500 employees
EmployeesApr 201770 employees
Indexed legal cases/documentsMay 20251,000,000,000 documents
Marketplace (Oportunidades) share of revenueJan 202525%
Monthly unique usersJan 20138,000,000 users
Monthly unique visitorsJan 20111,000,000 visitors
Monthly usersJan 202030,000,000 users
New community articles published per dayApr 2017300 articles
Registered legal professionalsMar 20261,200,000 professionals

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 12

launches, deals, and filings
Jan 2025
Jusbrasil announces R$86.1 million funding round

Company announcement of a raise of R$86,100,000 to expand services and build tools for legal research and law office management.

$86.1M source ↗

Jan 2025
Agreement with Brazil's national justice council for procedural data

The company obtained an agreement giving it access to case movements and procedural data, easing its information flow.

source ↗

Jan 2024
US$86.1 million investment led by Warburg Pincus

Estadão reported that at the end of the prior year the company obtained a US$86.1 million investment led by American private equity firm Warburg Pincus.

$86.1M source ↗

Jan 2024
Jusbrasil PRO professional subscription and SaaS shift

Shift toward an integrated SaaS model for small and medium law firms alongside Jusbrasil PRO subscriptions.

source ↗

Jan 2023
Launch of JusIA, an AI assistant for lawyers

AI product built by combining different AI models; prefills documents and provides jurisprudence data to help build cases.

source ↗

Jan 2022
Database surpasses 1 billion legal documents

Reported milestone of a corpus exceeding 1 billion legal documents.

source ↗

Jan 2021
Acquisition of Gedoc

Acquisition described as expanding the company's document management and distribution capabilities, following a SoftBank-led investment.

source ↗

Jan 2018
Launch of professional tools and subscription tiers

Subscription tiers aimed at law firms and researchers to accelerate monetization.

source ↗

Jan 2015
Launch of 'Ache um Advogado' marketplace tool

Marketplace product that formalized a lead-generation revenue stream.

source ↗

Jan 2014
Launch of lawyer marketplace

Marketplace connecting people needing legal services with registered attorneys, implemented after the first Monashees investment.

source ↗

Jan 2012
Launch of the Jusbrasil user article community

Community section, developed from 2010 and implemented in 2012, where users publish articles on legal topics; also referred to as Jusbrasil Artigos.

source ↗

Jan 2007
Fapesb grants of R$400,000 won for initial development

Founders won two Fapesb (Bahia state research support foundation) calls, raising R$400,000 used to assemble the initial team.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
JusbrasilCayman Islands

In the news

Research sources · 5

primary sources listed

5 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Jusbrasil do?
Brazilian legal-tech platform that indexes court records, gazettes and case law and connects citizens with attorneys.
Who founded Jusbrasil?
Jusbrasil was founded by Rafael Costa in 2013.
Who are Jusbrasil's investors?
Jusbrasil's investors include MONASHEES, Softbank Latin America Fund, Warburg Pincus, Founders Fund.
How much funding has Jusbrasil raised?
Jusbrasil has disclosed $128.3M raised across 4 of its 9 known rounds.
Where is Jusbrasil headquartered?
Jusbrasil is headquartered in Grand Cayman.