Magma Partners

Magma Partners is an early-stage venture capital firm established in 2014 and headquartered in Santiago, Chile. The firm specializes in supporting Latin American entrepreneurs as they expand into the US market, with a particular focus on fintech, insurtech, and blockchain startups. Magma Partners has a global reach, maintaining offices in California, Colombia, Mexico, and China, and has invested in 38 companies across various countries, including Chile, the USA, Mexico, Colombia, Peru, Argentina, Puerto Rico, and Costa Rica. Currently, the firm is investing through its second fund, which has raised $15 million from partners in Chile, the US, and China. Additionally, Magma Partners runs the Sino-Latin American accelerator, aimed at facilitating business opportunities between Chinese entrepreneurs and Latin American markets.

Codie Sanchez

Venture Partner

Past deals in Chile

Global66

Series A in 2021
Global66 is an international online payment platform founded in 2017, headquartered in Santiago, Chile, with additional offices in London, United Kingdom, and Lima, Peru. The platform enables customers to transfer money across borders and offers various services, including payments to Google, loans between subsidiaries, and business-to-business transactions. It caters to freelancers and facilitates the import of products, providing users with competitive rates for their financial transactions.

Kushki

Series B in 2021
Kushki is a payment platform specifically designed for the Latin American market, enabling seamless integration and local pricing strategies. Founded in New York City in 2016 by entrepreneurs Aron Schwarzkopf and Sebastian Castro, Kushki connects various payment methods across the region, including credit and debit cards, bank transfers, and cash networks, utilizing over 300,000 physical payment points. The platform offers a comprehensive suite of solutions for e-commerce, mobile commerce, and physical retail, featuring services such as a payment box, recurring payments, smart links, and tokenization. By standardizing the fragmented payment landscape, Kushki enhances operational efficiency, reduces costs, and provides businesses with greater control and transparency in managing their digital payment processes. The company operates in multiple countries, including Brazil, Chile, Colombia, Ecuador, Mexico, Peru, the USA, and Canada.

Kushki

Series B in 2021
Kushki is a payment platform specifically designed for the Latin American market, enabling seamless integration and local pricing strategies. Founded in New York City in 2016 by entrepreneurs Aron Schwarzkopf and Sebastian Castro, Kushki connects various payment methods across the region, including credit and debit cards, bank transfers, and cash networks, utilizing over 300,000 physical payment points. The platform offers a comprehensive suite of solutions for e-commerce, mobile commerce, and physical retail, featuring services such as a payment box, recurring payments, smart links, and tokenization. By standardizing the fragmented payment landscape, Kushki enhances operational efficiency, reduces costs, and provides businesses with greater control and transparency in managing their digital payment processes. The company operates in multiple countries, including Brazil, Chile, Colombia, Ecuador, Mexico, Peru, the USA, and Canada.

Kushki

Series A in 2020
Kushki is a payment platform specifically designed for the Latin American market, enabling seamless integration and local pricing strategies. Founded in New York City in 2016 by entrepreneurs Aron Schwarzkopf and Sebastian Castro, Kushki connects various payment methods across the region, including credit and debit cards, bank transfers, and cash networks, utilizing over 300,000 physical payment points. The platform offers a comprehensive suite of solutions for e-commerce, mobile commerce, and physical retail, featuring services such as a payment box, recurring payments, smart links, and tokenization. By standardizing the fragmented payment landscape, Kushki enhances operational efficiency, reduces costs, and provides businesses with greater control and transparency in managing their digital payment processes. The company operates in multiple countries, including Brazil, Chile, Colombia, Ecuador, Mexico, Peru, the USA, and Canada.

Houm

Seed Round in 2020
Houm is reinventing the way of leasing properties in Latam by leveraging technology, data, and design to transform a currently painful and bureaucratic process into a pleasant, quick, and simple experience, both for the owner as for the tenant.

Kushki

Series A in 2018
Kushki is a payment platform specifically designed for the Latin American market, enabling seamless integration and local pricing strategies. Founded in New York City in 2016 by entrepreneurs Aron Schwarzkopf and Sebastian Castro, Kushki connects various payment methods across the region, including credit and debit cards, bank transfers, and cash networks, utilizing over 300,000 physical payment points. The platform offers a comprehensive suite of solutions for e-commerce, mobile commerce, and physical retail, featuring services such as a payment box, recurring payments, smart links, and tokenization. By standardizing the fragmented payment landscape, Kushki enhances operational efficiency, reduces costs, and provides businesses with greater control and transparency in managing their digital payment processes. The company operates in multiple countries, including Brazil, Chile, Colombia, Ecuador, Mexico, Peru, the USA, and Canada.

QVO

Pre Seed Round in 2018
QVO SpA operates an online payment solutions in Ecuador, Colombia, Mexico, Peru, US, Canada, and Chile. The company was founded in 2016 and is based in Santiago, Chile. As of August 6, 2019, QVO SpA operates as a subsidiary of KUSHKI S.A.

CryptoMKT

Seed Round in 2018
CryptoMKT SpA owns and operates an electronic crypto currencies trading platform and exchange. Its offers Stellar Network, an infrastructure built to facilitate transfers of value between assets, including payments; Ethereum; a digital asset which permits the creation of logic associated rule accounts (smart contracts); and Ethereum Wallet, a wallet for sending and receiving Ether in Ethereum network; and Bitcoins exchange. The company was founded in 2016 and is based in Las Condes, Chile.

PleIQ

Seed Round in 2017
PleIQ is a Chilean based start-up that creates smart educational solutions combining the physical and digital worlds by using Augmented Reality to create interactive and adaptive learning experiences specifically designed to foster the multiple intelligences of preschoolers. PleIQ has been awarded by Bett Latam as the Best EdTech Innovation of 2017, its CEO as one of the 35 MIT Innovator Under 35 in Latam in 2017, and in previous years, was awarded by Start-Up Chile (2016), Concurso IDEAS and WAYRA digital business accelerator (2014).

Founderlist

Seed Round in 2017
FounderList is an online platform to invest in high impact Latin American startups.

Awesome Jobs

Seed Round in 2017
Founded in 2017, Awesome Jobs operates as a startup jobs portal that uses artificial intelligence and micro-targeting to find professionals and bring the jobs to them through targeted campaigns.

Keteka

Seed Round in 2017
Keteka, LLC is an online adventure travel platform that connects travelers with local guides in developing communities across Panama, Guatemala, Ecuador, Peru, and Chile. Founded by two former Peace Corps volunteers, Keteka aims to provide unique and authentic travel experiences while promoting economic opportunities for marginalized communities. The platform features a diverse database of tours and activities that allow travelers to explore off-the-beaten-path destinations safely and meaningfully. By validating the local guides and their offerings, Keteka ensures that travelers can book genuine experiences that reflect the culture and history of each location. This model not only enriches the travel experience for visitors but also empowers local communities by giving them direct access to the tourism market.

Pousta

Seed Round in 2016
Pousta is a Chilean company that specializes in electronic magazine publishing. It offers a digital magazine that focuses on various topics, including design, advertising, fashion, music, and trends. Through its engaging content, Pousta aims to inform and inspire its audience while keeping them updated on the latest developments in these creative fields.

AmberAds

Seed Round in 2016
Amberads is a mobile-first marketing technology company designed to increase retention and sales across mobile channels. Our proprietary technology runs on algorithms that optimize performance campaigns to drive retention and sales for our clients worldwide across mobile apps, mobile responsive websites and other mobile channels. Our performance based approach focuses on increasing Lifetime Value and ROI. Some mobile channels that we optimize: - Mobile Apps - Mobile Web Sites - Mobile Instant Apps - Progressive Web Apps

Jooycar LLC

Seed Round in 2016
Jooycar is the fastest growing car telematics company and Insurecth in Latam and recently open operation in the US. We are the first company in Chile to have more than 30K connected cars and more than 100MM km processed, we are the first LatAm telematics company to have connected vehicles in Chile, Peru, Brazil Mexico and the US. The first telematics company to successfully operate a personal lines (first pay-per-mile program in Latinamerica) and commercial lines at the same time. Fleetr Commercial Lines (US) www.fleetr.com

AmberAds

Seed Round in 2016
Amberads is a mobile-first marketing technology company designed to increase retention and sales across mobile channels. Our proprietary technology runs on algorithms that optimize performance campaigns to drive retention and sales for our clients worldwide across mobile apps, mobile responsive websites and other mobile channels. Our performance based approach focuses on increasing Lifetime Value and ROI. Some mobile channels that we optimize: - Mobile Apps - Mobile Web Sites - Mobile Instant Apps - Progressive Web Apps

S-Save

Seed Round in 2015
S-SAVE S.A. develops online financial solutions that help companies to save money. The company is based in Vitacura, Chile.

ChileTrabajos

Seed Round in 2015
Chiletrabajos.cl is an online jobs portal. The firm is based in Chile.

Reqlut

Seed Round in 2014
Reqlut S.A. is a social platform based in Santiago, Chile, that transforms the job search experience by enabling current and former employees to share reviews and salary information about their workplaces. This innovative platform employs advanced human resources technologies and methodologies to facilitate a more user-friendly, effective, and transparent recruitment process. By allowing users to access insights into various companies, Reqlut aims to help individuals find positions that align with their skills and preferences, ultimately fostering a more satisfying work environment. The company's mission is to reshape the job search paradigm, making it a positive and enjoyable journey for job seekers.

Pricing Compass

Seed Round in 2014
Pricing Compass is a price intelligence analytics platform. It is based in Santiago, Chile.

Edoome

Seed Round in 2014
Edoome is a company that develops an online platform aimed at enhancing the educational experience for teachers and students. Founded in 2012 and based in Chile, the company provides virtual classrooms that facilitate communication between educators and their students. Its tools enable teachers to share files, videos, and new content, while also allowing them to publish assignments, quizzes, and grades. Additionally, Edoome fosters collaborative learning by offering an environment for ongoing classroom discussions and group problem-solving. The platform is designed to streamline planning and assessment, helping educators effectively track student progress and performance in a unified system.

ReStudio

Seed Round in 2014
ReStudio is engaged in the research and development, and provision of dimensional information technology based solutions for mining, energy, and public works projects. The company supports the design, construction, and maintenance of public works and industrial projects through Point Cloud Baseline, as-built, dimensional control, condition monitoring, and project presentation services. It offers solutions for industrial plants and tunnel management. ReStudio was founded in 2006 and is based in Santiago, Chile.

Deenty

Seed Round in 2013
Deenty is the first all-in-one practice growth platform designed specifically for healthcare providers. their solution helps dentists attract more patients, modernize their patient experience, and automate routine tasks like scheduling and appointment reminders. they also work with health insurance providers to seamlessly integrates with healthcare systems to provide real-time reinbursments functionality.