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 Colombia

R5

Seed Round in 2022
Grupo R5 Ltda operates R5, provides mortgages loans and insurance policy using assets, such as cars and motorcycles as collateral to customers in Bogota, Medellin, Cali, and Bucaramanga. It enables users to buy and provides consulting services online. The company was founded in 2018 and is based in Bogotá, Colombia.

Neivor

Seed Round in 2022
Operator of a property management platform intended to digitalize the administration of condominiums. The company's platform streamlines collection management by generating collection notices on a single platform; providing control of the common areas, managing agendas, and keeping reservations updated from the app, enabling administrators to gather, automate, and optimize the entire operation of their condominiums in a flexible and comprehensive tool.

Ozon Mobility

Seed Round in 2022
Ozon is a marketplace that offers monthly subscriptions to second-hand micromobility vehicles (bikes, e-bikes, scooters & mopeds)

Neivor

Seed Round in 2021
Operator of a property management platform intended to digitalize the administration of condominiums. The company's platform streamlines collection management by generating collection notices on a single platform; providing control of the common areas, managing agendas, and keeping reservations updated from the app, enabling administrators to gather, automate, and optimize the entire operation of their condominiums in a flexible and comprehensive tool.

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.

Ontop

Seed Round in 2021
Hire legally anywhere in the world. TOP empowers you to think global. Hire, manage and pay the best talent from any country you can dream of. Taxes, onboarding and payroll for global teams

Mono

Seed Round in 2021
Mono is a digital bank designed specifically for startups and small to medium-sized businesses in Latin America, beginning its operations in Colombia. The company aims to empower these businesses by addressing key challenges they face in managing finances. Mono's platform enables users to open a digital checking account quickly, make online payments using a debit card, and integrate seamlessly with various software-as-a-service applications. This approach allows businesses to efficiently manage their expenses and streamline their financial operations, ultimately facilitating growth and enhancing financial control.

Neivor

Seed Round in 2021
Operator of a property management platform intended to digitalize the administration of condominiums. The company's platform streamlines collection management by generating collection notices on a single platform; providing control of the common areas, managing agendas, and keeping reservations updated from the app, enabling administrators to gather, automate, and optimize the entire operation of their condominiums in a flexible and comprehensive tool.

Cubbo

Pre Seed Round in 2021
Cubbo is a startup that focuses on repurposing distressed real estate assets (e.g., unused brick-and-mortar outlets or abandoned strip malls) and turning them into spaces suited for new industries, such as urban micro-fulfillment spaces for online retail.

Aptuno

Pre Seed Round in 2020
Aptuno S.A.S. operates an online search platform for apartments and houses for rent in Colombia. The company was founded in 2019 and is based in Bogota, Colombia.

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.

Rebus

Seed Round in 2020
Maximization and prediction engine specifically catered for the event tech industry. Our prediction and recommendation engine boosts revenue and engagement up to 45%. Rebus is the end to end AI engine that can directly manage or seamlessly integrate with existing event solutions in order to: Give attendees a meaningful way to participate in events. It takes a sea of options an event attendee would find overwhelming – analyzes it – and turns it into a truly customized experience within minutes. Boost revenue for event organizers and key stakeholders by connecting attendees to targeted tickets, promotions, coupons, products, services and more. And provide the deepest behavioral insight.

Vozy

Pre Seed Round in 2019
Vozy Inc is a company that specializes in developing an artificial intelligence platform aimed at enhancing business communications. Founded in 2011 and headquartered in Medellín, Colombia, with additional offices in several Latin American countries, Spain, and the United States, Vozy offers a voice AI solution that enables companies to engage with customers more effectively. Its flagship product, Lili Assistant, is a voicebot that leverages contextual voice assistants and conversational AI to facilitate automated communications and improve productivity. By utilizing this technology, businesses can provide personalized customer experiences at scale while simultaneously reducing operational costs.

Truora

Seed Round in 2018
Truora, Inc. operates an online platform specializing in background checks and identity theft detection. Founded in 2018 and headquartered in San Francisco, California, with additional offices in Colombia, Mexico, and Brazil, the company utilizes advanced technologies such as optical character recognition (OCR) for digital onboarding, real-time face recognition for user validation, and identity management to streamline the Know Your Customer (KYC) process. Truora's platform can handle over 10,000 checks per hour, offering fast and innovative solutions tailored to the needs of various clients, including national and international retailers, banks, human resource firms, and marketplaces. By leveraging its technical and analytical expertise, Truora ensures a high-quality service experience for its clients' risk management and digital teams.

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.

KLYM

Seed Round in 2018
Omni Latam is a financial services platform (fintech) in Latin America that offers digital financial solutions for companies, facilitating access to financing wherever you are, without moving and with approval in less than an hour.

Workep

Seed Round in 2018
Workep, Inc. operates a project management platform designed for modern teams, headquartered in Medellin, Colombia. It is distinguished as the first platform to fully integrate and automate G Suite, allowing users to connect all G Suite tools with a single click, eliminating the need for extensive technical skills. Workep enhances productivity through automation, significantly reducing the time spent on tasks such as report generation, file synchronization, and calendar management. Additionally, the platform features an artificial intelligence component that identifies usage patterns, acting as a virtual assistant to help users track progress against deadlines and optimize task coordination.

Workep

Seed Round in 2018
Workep, Inc. operates a project management platform designed for modern teams, headquartered in Medellin, Colombia. It is distinguished as the first platform to fully integrate and automate G Suite, allowing users to connect all G Suite tools with a single click, eliminating the need for extensive technical skills. Workep enhances productivity through automation, significantly reducing the time spent on tasks such as report generation, file synchronization, and calendar management. Additionally, the platform features an artificial intelligence component that identifies usage patterns, acting as a virtual assistant to help users track progress against deadlines and optimize task coordination.

KLYM

Seed Round in 2017
Omni Latam is a financial services platform (fintech) in Latin America that offers digital financial solutions for companies, facilitating access to financing wherever you are, without moving and with approval in less than an hour.

KLYM

Pre Seed Round in 2017
Omni Latam is a financial services platform (fintech) in Latin America that offers digital financial solutions for companies, facilitating access to financing wherever you are, without moving and with approval in less than an hour.

Bankity

Seed Round in 2016
Bankity is a financial technology company based in Colombia, founded in 2014. It offers an online and mobile application designed for personal financial management, allowing users to track their expenses in real time without the need to share their bank passwords. By automatically recording transactions made with electronic money, Bankity provides a seamless and secure way for individuals to manage their finances. The application has experienced significant growth, reporting an increase of over 10 times in user engagement within the last six months.