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.

Pedro Pablo del Campo Klerman

Partner

Alexa Clark

Associate

Claire Diaz-Ortiz

Partner

Rodney Dir

Venture Partner

Makote Gutierrez

Partner

Jie Hao Ph.D

Venture Partner

Juan Kontarovsky

Investor

Jiating Li

Principal

Nathan Lustig

Managing Partner and Co-Founder

Eugenio Perea

Venture Partner

Francisco Saenz Rica

Co-Founder and Partner

Sophia Wood

Venture Partner

Past deals in South America

R5

Seed Round in 2022
Grupo R5 Ltda operates R5, an online platform based in Bogotá, Colombia, that provides mortgage loans and insurance policies using assets such as cars and motorcycles as collateral. Founded in 2018, the company primarily serves low-income customers in cities including Bogotá, Medellín, Cali, and Bucaramanga. R5 enables users to refinance high-interest debt or invest in their businesses by offering a streamlined digital process for accessing funds. Additionally, the platform facilitates the purchase of compulsory vehicle insurance with affordable policies, allowing customers to leverage their vehicles as security for low-rate credit options.

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 Mobility is a marketplace focused on providing access to second-hand micromobility vehicles, including bikes, e-bikes, scooters, and mopeds, through monthly subscriptions. The company also specializes in motorbike rental software that facilitates motorcycle financing, aiming to enhance financial inclusion for individuals underserved by traditional banking systems. By purchasing used motorcycles and offering them through financing options, Ozon Mobility enables gig workers to acquire affordable transportation solutions, thereby supporting their mobility needs while promoting sustainable urban transportation.

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 operates an international online payment platform that facilitates money transfers for customers. Founded in 2017 and headquartered in Santiago, Chile, with additional offices in London and Lima, the company provides a variety of services, including a multicurrency wallet, peer-to-peer payments, and zero cross-border fees. Its platform supports transactions such as payments to Google, loans between subsidiaries, and business-to-business services, catering primarily to clients and businesses in Latin American countries. By offering competitive rates and fast remittance options, Global66 aims to simplify international financial transactions for its users.

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

Divibank

Seed Round in 2021
Divibank is a financing platform that provides businesses with access to growth capital through innovative financial services software. The platform facilitates connections to accredited financial institutions, offering credit solutions that align repayment with revenue performance, thereby preserving cash flow for users. By leveraging data from digital marketing campaigns, Divibank aims to enhance sales volume while ensuring effective campaign performance. This approach empowers entrepreneurs to expand their sales operations and acquire new customers efficiently.

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.

Treble.ai

Seed Round in 2019
Treble.ai, Inc. is a Colombian company that offers a customer support platform designed to enhance communication between businesses and their customers. The platform utilizes a mobile-first, chat-based system that facilitates interactions through SMS and WhatsApp, allowing companies to collect customer feedback and understand their pain points. By automating conversations with users, Treble.ai enables businesses to segment their audience based on responses, thereby improving marketing strategies and customer engagement. This service aims to streamline customer support processes, increase sales, and enhance lead follow-up, ultimately helping businesses to serve their customers more effectively.

Keynua

Seed Round in 2019
Keynua is a company based in Lima, Peru, specializing in the development of e-signature solutions that incorporate identity verification for the Latin American market. Founded in 2019, Keynua offers a unique electronic video signature platform that facilitates the identification of individuals and the validation of transactions. The platform employs three-second video signatures, which not only streamline the approval process for specific documents but also enhance the visual identity of the signatory. This innovative approach helps clients eliminate cumbersome identity verification procedures while providing robust protection against fraud.

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.

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.

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.

CryptoMKT

Seed Round in 2018
CryptoMKT SpA operates an electronic cryptocurrency trading platform and exchange based in Las Condes, Chile, founded in 2016. The platform facilitates the trading of various digital assets, including Bitcoin, Ethereum, and Stellar, and offers additional services such as a cryptocurrency wallet for sending and receiving Ether. Over the years, CryptoMKT has expanded its reach to several countries, including Argentina, Spain, Brazil, and Mexico, connecting over 160,000 users. The company has also pursued funding to enhance its services and integrate payment systems across the region, reflecting its commitment to fostering cryptocurrency adoption and usage in Latin America and beyond.

Workep

Seed Round in 2018
Workep, Inc. operates a project management platform based in Medellin, Colombia, specifically designed for modern teams. It is notable for being the first platform to fully integrate and automate G Suite, allowing users to connect all Google applications with a single click. This integration eliminates the need for technical skills, enabling users to begin using the platform quickly. Workep enhances productivity through automation, reducing the time spent on manual tasks such as report generation, file synchronization, and calendar management. Additionally, the platform features an artificial intelligence component that recognizes usage patterns, acting as a virtual assistant to provide insights on project progress and task coordination. By fostering constant communication and collaboration, Workep aims to streamline project management and eliminate barriers caused by distance.

Workep

Seed Round in 2018
Workep, Inc. operates a project management platform based in Medellin, Colombia, specifically designed for modern teams. It is notable for being the first platform to fully integrate and automate G Suite, allowing users to connect all Google applications with a single click. This integration eliminates the need for technical skills, enabling users to begin using the platform quickly. Workep enhances productivity through automation, reducing the time spent on manual tasks such as report generation, file synchronization, and calendar management. Additionally, the platform features an artificial intelligence component that recognizes usage patterns, acting as a virtual assistant to provide insights on project progress and task coordination. By fostering constant communication and collaboration, Workep aims to streamline project management and eliminate barriers caused by distance.

PleIQ

Seed Round in 2017
PleIQ Smart Toys SpA is a Chilean company that designs and develops educational toys and games that integrate 3D Interactive Augmented Reality (AR) and artificial intelligence (AI). Its flagship product, PleIQ Stories, combines a physical cube, a mobile application, and an illustrated book, allowing users to read stories and interact with 3D characters through the app. Additionally, PleIQ offers PleIQ School, a platform that analyzes student progress and provides individualized analytics, early alerts, and insights regarding classroom performance. Founded in 2016 and based in Santiago, PleIQ aims to enhance learning experiences for preschoolers by merging the physical and digital realms, thereby fostering multiple intelligences and curiosity. The company has received several accolades, including recognition as the Best EdTech Innovation of 2017 by Bett Latam and honors for its CEO as one of MIT's Innovators Under 35 in Latin America.

FounderList

Seed Round in 2017
FounderList is an online investment platform based in Santiago, Chile, focused on high-impact startups in Latin America. Established in 2015, it operates as a crowdfunding service, providing opportunities for venture capital, angel investment, and seed funding. The platform serves various sectors, including business product services, consumer product services, financial services, and information technology, enabling investors to support emerging companies and drive innovation in the region.

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
Awesome Jobs is a job portal established in 2017, specializing in positions within startups. The platform leverages artificial intelligence and micro-targeting to connect professionals with relevant job opportunities. By utilizing targeted campaigns, Awesome Jobs aims to streamline the job search process, making it easier for candidates to discover suitable roles in the dynamic startup sector.

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 operates a multimedia communication platform that focuses on creating and amplifying relevant content for new generations. The digital magazine covers a variety of topics, including design, advertising, fashion, music, and trends. By producing original content, Pousta aims to contribute to the development and dissemination of ideas, allowing readers to engage deeply and enhance their knowledge.

AmberAds

Seed Round in 2016
AmberAds SpA, based in Santiago, Chile, is a mobile technology company that specializes in providing marketing solutions for mobile application developers and marketers. The company focuses on helping clients retarget, reach, re-engage, and monetize users across various mobile channels, including mobile apps, mobile websites, and progressive web apps. AmberAds utilizes proprietary algorithms to optimize performance campaigns, aiming to enhance user retention and drive sales, thereby increasing the lifetime value and return on investment for its clients. The company's services cater to a diverse range of industries, including food and drink, travel, mobile commerce, and transportation.

Jooycar

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 SpA, based in Santiago, Chile, is a mobile technology company that specializes in providing marketing solutions for mobile application developers and marketers. The company focuses on helping clients retarget, reach, re-engage, and monetize users across various mobile channels, including mobile apps, mobile websites, and progressive web apps. AmberAds utilizes proprietary algorithms to optimize performance campaigns, aiming to enhance user retention and drive sales, thereby increasing the lifetime value and return on investment for its clients. The company's services cater to a diverse range of industries, including food and drink, travel, mobile commerce, and transportation.

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. is a fintech company based in Vitacura, Chile, specializing in online financial solutions aimed at helping businesses save money. The company focuses on providing financing options for solar and renewable energy projects, making it easier for consumers and companies to invest in sustainable energy initiatives. Through its innovative financial products, S-Save facilitates access to funding, thereby promoting environmentally friendly practices and contributing to cost savings for its clients.

ChileTrabajos

Seed Round in 2015
ChileTrabajos is the largest online job portal in Chile, providing a platform for human capital services. It facilitates the hiring process by allowing employers to upload job postings and enabling job seekers to search for opportunities based on various criteria, such as category, city, and type of employment. This streamlined approach helps candidates find suitable jobs more efficiently, making it a vital resource in the Chilean job market.

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, Pty. Ltd. is a company that develops a social learning platform aimed at enhancing communication and collaboration between teachers and students within the school system. Founded in 2014 and based in Brisbane, Australia, the platform provides an environment where educators can extend classroom discussions, share new content, and facilitate group assignments. It offers tools for teachers to create and publish assignments, quizzes, and grades, allowing them to monitor and assess student performance effectively. Additionally, Edoome's platform aims to bridge the gap between private and public education by enabling greater interaction among teachers, students, and their parents, thus supporting the tracking of academic goals and progress.

Pricing Compass

Seed Round in 2014
Pricing Compass is a price intelligence analytics platform based in Santiago, Chile. It specializes in providing price analytics for large retailers in Latin America and the United States. By leveraging data-driven insights, Pricing Compass helps businesses optimize their pricing strategies and enhance their competitive edge in the market. The platform focuses on delivering actionable intelligence that enables retailers to make informed pricing decisions.

ReStudio

Seed Round in 2014
ReStudio S.A., founded in 2006 and based in Santiago, Chile, specializes in the research, development, and provision of dimensional information technology solutions for the mining, energy, and public works sectors. The company enhances the design, construction, and maintenance of industrial and public works projects through its services, which include Point Cloud Baseline, as-built documentation, dimensional control, condition monitoring, and project presentation. ReStudio also offers tailored solutions for industrial plants and tunnel management, focusing on optimizing construction processes and reducing operational risks. Its innovative platform aims to accurately document the as-built state, facilitating planning and minimizing disruptions during expansion and modernization efforts.

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.
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