Kiara Insights · Est. 2023

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Founders Fund Bets $100M on Brazil
Venture Capital

Founders Fund Just Bet $100M on Brazil. The Other 67% of the Market Missed the Signal.

Brazil's overall VC funding collapsed 67% year-over-year in early 2026. High interest rates, election-year uncertainty, and a contracting middle market have defined the narrative. Then Founders Fund — which built its thesis on backing founders others weren't willing to bet on — wrote a $100M check into legaltech startup Enter at a $1.2B valuation. The divergence isn't a contradiction. It's a pattern: when the market contracts, the best deals get cleaner.

May 25, 2026 5 min read
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Latest Articles

Founders Fund Bets $100M on Brazil
Venture Capital · · 5 min read

Founders Fund Just Bet $100M on Brazil. The Other 67% of the Market Missed the Signal.

Brazil's VC funding collapsed 67% in early 2026. Then Founders Fund wrote a $100M check into Enter at a $1.2B valuation. The signal isn't that Brazil is back — it's that exceptional companies never needed the market's permission.

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Agentic AI Enterprise Failure Rate
Artificial Intelligence · · 4 min read

88% of AI Agents Never Ship. The 12% Who Do Return 171% ROI.

Almost every enterprise claims to have adopted agentic AI. Only one in nine runs it in production. The gap isn't technical — it's the governance layer that most organizations skipped entirely on the way from demo to deployment.

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Drex Drops Blockchain
Financial Innovation · · 4 min read

Drex Dropped Blockchain. That's the Right Call.

Brazil's Banco Central walked away from DLT after the Phase 1 pilot exposed an irresolvable tension: blockchain privacy solutions couldn't meet financial secrecy requirements. What replaces it is less exciting — and far more consequential for credit markets.

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