Magma Partners

Magma Partners, established in 2014, is a Santiago, Chile-based early-stage venture capital firm. It focuses on investing in Latin American startups, particularly in fintech, insurtech, and blockchain sectors, as well as global startups with Latin American tech teams targeting the U.S. market. Magma Partners has offices in California, Colombia, Mexico, and China, and has invested in 38 companies across nine Latin American countries and the U.S. since its inception. The firm manages Magma Fund II, a $15M fund, and also runs the Sino-Latin American accelerator program to facilitate business between China and Latin America.

Pedro Pablo del Campo

Partner

Makote Gutierrez

Partner

Jie Hao

Partner

Nathan Lustig

Co-Founder and Managing Partner

Nabil Meralli

Venture Partner

Eugenio Perea

Venture Partner

Francisco Saenz Rica

Co-Founder and Partner

Past deals in Chile

Kushki

Series B in 2021
Kushki is a digital payment platform focused on Latin America, designed to streamline the payments landscape across the region. Founded in 2016 by Aron Schwarzkopf and Sebastian Castro, the company provides an integrated payments solution that caters to e-commerce, mobile commerce, and physical retail. Kushki’s API standardizes various payment methods, including credit and debit cards, bank transfers, and cash networks, facilitating seamless transactions across over 300,000 physical points of payment. Its platform features capabilities such as a payment box, recurring payments, smart links, and tokenization, enabling real-time multi-channel payment processing. With operations in countries including Brazil, Chile, Colombia, Ecuador, Mexico, Peru, the USA, and Canada, Kushki aims to enhance operational efficiencies, reduce costs, and offer businesses comprehensive control and transparency over their payment systems.

Kushki

Series A in 2020
Kushki is a digital payment platform focused on Latin America, designed to streamline the payments landscape across the region. Founded in 2016 by Aron Schwarzkopf and Sebastian Castro, the company provides an integrated payments solution that caters to e-commerce, mobile commerce, and physical retail. Kushki’s API standardizes various payment methods, including credit and debit cards, bank transfers, and cash networks, facilitating seamless transactions across over 300,000 physical points of payment. Its platform features capabilities such as a payment box, recurring payments, smart links, and tokenization, enabling real-time multi-channel payment processing. With operations in countries including Brazil, Chile, Colombia, Ecuador, Mexico, Peru, the USA, and Canada, Kushki aims to enhance operational efficiencies, reduce costs, and offer businesses comprehensive control and transparency over their payment systems.

Kushki

Series A in 2018
Kushki is a digital payment platform focused on Latin America, designed to streamline the payments landscape across the region. Founded in 2016 by Aron Schwarzkopf and Sebastian Castro, the company provides an integrated payments solution that caters to e-commerce, mobile commerce, and physical retail. Kushki’s API standardizes various payment methods, including credit and debit cards, bank transfers, and cash networks, facilitating seamless transactions across over 300,000 physical points of payment. Its platform features capabilities such as a payment box, recurring payments, smart links, and tokenization, enabling real-time multi-channel payment processing. With operations in countries including Brazil, Chile, Colombia, Ecuador, Mexico, Peru, the USA, and Canada, Kushki aims to enhance operational efficiencies, reduce costs, and offer businesses comprehensive control and transparency over their payment systems.

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.

PleIQ

Seed Round in 2017
PleIQ is a Chilean start-up focused on developing innovative educational solutions that blend physical toys with digital experiences through Augmented Reality. Its products aim to enhance learning for preschoolers by creating interactive and adaptive experiences that cater to multiple intelligences. The company has received several accolades for its contributions to the ed-tech sector, including recognition as the Global Best Ed-Tech Solution during the COVID-19 pandemic and Best EdTech Innovation in Latin America. PleIQ's approach emphasizes fostering curiosity and engagement in young learners, allowing them to explore and learn in a dynamic way.

Jooycar

Seed Round in 2016
Jooycar is a leading car telematics company in Latin America, recently expanding its operations to the United States. It has established itself as a pioneer in the region, being the first in Chile to connect over 30,000 vehicles and process more than 100 million kilometers. Jooycar operates across several countries, including Chile, Peru, Brazil, Mexico, and the US, and is recognized for its innovative approach to insurance technology. The company successfully combines personal and commercial lines through its platform, which includes a pay-per-mile program, the first of its kind in Latin America. Utilizing telematic technology, Jooycar enhances driving behavior and provides valuable real-time data to improve the user experience for auto-connected and usage-based insurance, while creating new opportunities within the automotive and insurance sectors.

S-Save

Seed Round in 2015
S-Save S.A., based in Vitacura, Chile, specializes in providing online financial solutions aimed at helping companies reduce costs. In addition to its financial services, S-Save offers sustainable equipment designed to conserve and generate electricity, water, and gas, contributing to environmental sustainability. The company's technology efficiently absorbs calories from the air to heat domestic water for both residential and commercial use. By combining financial savings with eco-friendly solutions, S-Save seeks to support businesses in achieving both economic and environmental goals.

RetailCompass

Seed Round in 2015
RetailCompass is a business intelligence provider based in Santiago, Chile, established in 2014. The company specializes in delivering accurate and current data regarding product prices, shipping costs, brand performance, and inventory, which enables retailers and brands to make informed decisions. By utilizing web crawlers, RetailCompass generates transparent reports on competitors' pricing and product assortments, assisting businesses in optimizing their online strategies and enhancing sales performance. Through these services, RetailCompass empowers companies to respond quickly and effectively to market dynamics.

ChileTrabajos

Seed Round in 2015
ChileTrabajos is an online job platform that specializes in connecting job seekers with employment opportunities across various sectors, including administration, economics, accounting, education, aesthetics, hospitality, telecommunications, and psychopedagogy. The platform allows employers to post job openings and enables candidates to search for positions based on specific categories, locations, and industries. By streamlining the hiring process, ChileTrabajos aims to facilitate quicker job matches, making it easier for individuals to find suitable employment.

Reqlut

Seed Round in 2014
Reqlut S.A., based in Santiago, Chile, operates as a social platform designed to transform the job search process. It allows current and former employees to share reviews and disclose salary information, providing insights into company cultures for prospective job seekers. By leveraging advanced human resources technologies and methodologies, Reqlut aims to create a user-friendly and effective recruitment experience. The platform focuses on enhancing transparency in job searching, ensuring that individuals can find positions that align with their skills and preferences. Reqlut strives to contribute positively to society by redefining the approach to employment, fostering a more enjoyable and fulfilling work environment for all.

Edoome

Seed Round in 2014
Edoome, Inc. is a Chile-based company that develops an online education platform aimed at enhancing communication and collaboration between teachers, students, and parents. Founded in 2012, Edoome provides virtual classrooms and tools for teachers to effectively manage their classes, share files and videos, publish assignments, quizzes, and grades. The platform is designed to streamline the educational process, allowing educators to save time on planning and assessing while enabling students and their parents to monitor academic progress and achievements. By fostering a more connected educational community, Edoome seeks to bridge the gap between private and public education.

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 a healthcare technology company based in Santiago, Chile, that specializes in creating an online platform to connect dentists with patients. The platform is designed to assist dentists in attracting more patients while modernizing the overall patient experience. It offers features that automate routine tasks such as scheduling and appointment reminders, thereby enhancing operational efficiency. Additionally, Deenty collaborates with health insurance providers to integrate seamlessly with healthcare systems, facilitating real-time reimbursement functionalities. By focusing on education and a rating system, Deenty aims to empower patients in making informed dental care decisions while promoting affordable access to dental services.
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