Magma Partners
Venture Capital
115investments
1exit
$18Mraised by its portfolio in 12 months
280open roles in its portfolio
Overview
Magma Partners is a venture capital firm specialized in seed-stage technology startups in Latin America. It invests mainly in fintech and B2B software companies in markets such as Mexico, Chile, Colombia and Brazil, and supports founders expanding across the region. The firm was founded in Santiago in 2014 by Nathan Lustig and Francisco Saenz.
Investor profile
Venture capitalInvestments
115
71 of them startups
Hiring now
18
280 open roles
Rounds in 12 months
1
$18M raised
Exits
1
Focusshare of its companies
Financial Services 32%Artificial Intelligence 16%Software 13%Transportation & Logistics 10%Cybersecurity 7%Sales & Marketing 7%Professional Services 6%Commerce 4%
Where its companies are
United States 15%Mexico 13%Chile 5%Colombia 4%Peru 2%Brazil 2%Ecuador 1%Argentina 1%
Stage of its companies
Pre-seed & seed 39%Series A 32%Series B 29%
Its companies, the freshest money firstAll 115 investments
trebleSeries A $18M · 1 mo ago
DataplorSeries B $20.5M · 17 mo ago
MendelSeries B $35M · 19 mo ago
PallaVenture round $14.5M · 19 mo ago
InfluurSeries A $10M · 23 mo ago · 8 roles
UrbintVenture round $35M · 2 yr ago · 5 roles
KoltinSeries A $7.3M · 2 yr ago · 7 roles
PrometeoVenture round $13M · 2 yr ago
Base OperationsVenture round $14.1M · 2 yr ago · 2 roles
VerqorVenture round $3.9M · 3 yr ago
HeruVenture round $4M · 3 yr ago
NuvocargoVenture round $36.5M · 3 yr ago
Hiring fastestroles opened in 30 days
Co-investorscompanies they hold together
Y Combinator 
Endeavor 
Soma Capital 
Latitud 
Techstars 
500 Global 
VentureSouq 
Kaszek 
Valor Capital Group 
Newtopia VC Similar investorstheir companies share markets and countries
Ignia
QED Investors
Commerce Ventures
Plug and Play
Propel Venture PartnersSources: its portfolio page, read Nov 8
News
Neobank Vexi raises millions to offer young Mexicans lower interest rate credit cards
Since its 2018 inception, Vexi has issued around 850,000 credit cards in Mexico. Magma Partners led its latest round of funding.
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Zenfi takes in new funding to bring Mexicans some financial peace
Luis Rubén Chávez, founder and CEO of Zenfi: "If Credit Karma, SoFi, Marcus and Copilot Money had a kid, it would be us.
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Venture Capital en México 2026: Guía de Fondos de Inversión
Descubre los principales fondos de venture capital activos en México en 2026: por etapa, ticket y portafolio. Directorio completo y cómo acercarte.
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Bloomberg September 2, 2022 R2 Reaches 100 Million Valuation After Google-Led Round R2 raises a 15 million Series A round led by Google's Gradient Ventures. Other participants on this round are Femsa Ventures and PayU, General Catalyst, Adam Neumann's 166 2nd, and Magma Partners.
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Kushki adquiere a la mexicana Billpocket; busca crecer tres veces su operación
La adquisición combina el conocimiento y liderazgo de Kushki en el sector de pagos en línea, así como la profunda comprensión de los pagos con tarjeta presente por parte de Billpocket.
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Tekios May 23, 2022 Conoce los 10 Venture Capitals más importantes de A. Latina, por número de acuerdos In 2021, venture capital investors put 16.3 billion into over 900 deals in Latin America, as per PitchBook. Local funds, particularly active in early and mid-stage rounds, played a key role in these transactions.
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Offices
Where the company hires and what each office is for
Cities
1
Hiring now
0
Countries
1
Santiago
Chile
HQ
10-50 est. staff