On Sept 14, 2026, BNDES and Finep selected Monashees to manage a new venture fund (FIP) for AI-intensive startups that can mobilize up to R$500 million. BNDESPAR will commit up to R$125 million and Finep up to R$80 million via the FNDCT, with any single anchor investor capped at 25%; the pick emerged from 17 manager proposals and now moves into due diligence and structuring under Brazil's national AI plan (PBIA).
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BNDES and Finep pick Monashees to run new R$500M AI-startup FIP fund
Why this matters for founders
Founders whose product has AI structurally at its core (not bolted on) should build a relationship with Monashees now and prepare data, model and infrastructure metrics, since this vehicle will deploy growth capital once structured.
Source: Convergencia Digital
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