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 South America

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.

DeltaX

Seed Round in 2022
DeltaX operates a digital freight matching platform that connects cargo owners with available trucks, streamlining the transportation process. The company offers full truck load and less than truck load services, alongside cross docking capabilities, which help optimize costs and time for both shippers and carriers. Its platform enhances land shipment management and automation by providing access to a large network of reliable trucks, transparent pricing, and real-time tracking of loads and documents. Additionally, DeltaX enables carriers to discover cargo opportunities and access instant operational financing, making the logistics process more efficient and user-friendly.

Strike

Seed Round in 2022
We are driven by a strong desire to make top quality cybersecurity available and accessible to every enterprise, being it big or just starting up. Hacking doesn’t occur only twice per year so why do we only pentest in Q2 and Q4? At Strike, we secure worldwide enterprises by connecting them with cybersecurity professionals through Continuous Pentesting, integrating ourselves with their management and communication systems to help in triaging and fixing the discovered vulnerabilities fast.

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.

Rebill

Seed Round in 2022
Rebill provides merchants with a unique control panel, and an API (programmatic environment) as well as pre-made payment pages so they can sell online in multiple regions very quickly, integrating with the financial entities and payment gateways they want. All customer's information, including non-sensitive card and subscription information, are stored at Rebill. Who, in turn, manages the recurrence of the collection of subscriptions, monitoring of card expiration and automatic collection retries to avoid delays and securing a predictable revenue model. Rebill is the last mile solution to improve the shopping experience for international stores. Provides flexibility to change providers: banks, or payment gateways, without losing information and in a matter of minutes. From Rebill, businesses can integrate multiple cloud services such as CRM (for customer management), or ERP (for business management), as well as local invoicing systems, among others.

LEASY

Seed Round in 2022
LEASY aims to become the leading platform to finance cars to ride-hailing drivers in Latin America in an efficient and transparent manner.

Ozon Mobility

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

Quansa

Seed Round in 2021
Quansa develops a software to link the employees’ payroll data with banks, fintech, and other financial institutions. Its platform operates as a financial assistant that provides financial solutions for employees. Quansa is based in USA.

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.

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.

Divibank

Seed Round in 2021
Divibank is a financing platform offering businesses access to growth capital.

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.

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.

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.

Keynua

Seed Round in 2019
Keynua is a developer of an e-signature platform used for identifying individuals and validating their transactions. Its platform uses 3-second video signatures with identity verifications that serve to approve specific documents as well as provide the visual identity of the signatory that enables users to get rid of tedious identity verifications and safeguards them from frauds. Keynua was founded in 2019 and is headquartered in Lima, Peru.

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.

Chaty

Seed Round in 2018
CHATY TECHNOLOGY SAC develops an online application to accept payments. Its platform Chaty, allows the user to sell products using artificial intelligence and accept online payments through any messaging platform on social media such as facebook, whatsapp, and instagram. CHATY TECHNOLOGY SAC was incorporated in 2018 and is based in Lima, Peru.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

Pricing Compass

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

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.