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 Latin America

Nufi

Seed Round in 2025
Nufi is an innovative identity bureau in Latin America, providing businesses with advanced verification solutions powered by artificial intelligence. The platform specializes in Know Your Business (KYB) and Know Your Customer (KYC) services, allowing for the instant verification of individuals and companies in under five minutes. Nufi offers a range of services, including identification extraction, background verification, employment information checks, and analysis of contact details, all designed to help clients mitigate risks and detect fraud. With access to over 130 data sources, Nufi delivers clean and structured data through seamless API integrations, enabling financial institutions, fintechs, proptechs, and HR companies to make secure, informed decisions. The company's emphasis on speed, accuracy, and scalability fosters trust and transparency in transactions across the region.

Saptiva

Pre Seed Round in 2024
Saptiva is a technology company that specializes in providing artificial intelligence (AI) infrastructure and tools for businesses of all sizes. It offers a platform that enables enterprises to access top-performing large language models (LLMs), intuitive software development kits (SDKs), and application programming interfaces (APIs) instantly, all hosted on its cloud infrastructure in Latin America. The company's AI platform is designed to empower businesses by automating actions and providing insights, with a focus on optimizing workflows and decision-making processes securely and efficiently.

Kravata

Seed Round in 2024
Kravata is a pioneering crypto as a service company in Latin America, specializing in providing businesses with the tools needed to launch compliant cryptocurrency solutions efficiently and affordably. By offering a simple API integration, Kravata allows businesses to incorporate cryptocurrency functionalities into their applications or websites. Its platform infrastructure facilitates the safe buying and selling of cryptocurrencies, enabling businesses to enhance their revenue streams and attract more users. With a focus on leveraging blockchain potential, Kravata equips clients with a comprehensive platform to trade cryptocurrencies instantly, making it easier for them to adapt to the evolving digital finance landscape.

Prometeo

Series A in 2024
Prometeo operates as a leading fintech infrastructure company, providing a marketplace that connects global corporations with financial institutions in Latin America and the United States. The company specializes in creating advanced technological infrastructure through banking Application Programming Interfaces (APIs), offering access to a vast network of over 1,500 connections to more than 1,200 financial institutions across 11 countries. Prometeo's platform simplifies and secures access to banking data, facilitates bank account validation, and enables account-to-account payments. By automating these processes, the company reduces friction and costs for its clients while enhancing financial connectivity. Additionally, Prometeo offers educational tools and money transfer applications to help users better understand their financial behavior and manage their finances effectively.

R2

Series A in 2022
R2 is a developer of an embedded lending platform that provides financial resources to small and medium-sized businesses (SMBs) in Latin America. By partnering with established companies like Rappi and Clip, R2 enables these platforms to offer seamless financing options to their buyers and sellers. This integration allows businesses to lend without incurring credit risk, thereby enhancing their gross merchandise volume (GMV) and promoting customer retention. Additionally, R2's services create new revenue streams for its partners by positioning the company as a trusted financing supplier.

Anyone AI

Pre Seed Round in 2022
Anyone AI is an ed-tech startup dedicated to addressing the AI talent gap in Latin America by investing in local individuals. The company offers a comprehensive online platform that provides an intensive fellowship program designed by AI industry experts. This program enables participants to engage in hands-on machine learning projects, utilizing the latest tools and trends to enhance their knowledge and skills. Anyone AI's training is accessible to applicants from across the region at no cost. Upon entering the job market, graduates share 7.5% of their salary with Anyone AI for the first two years, creating a sustainable model that supports both the individuals and the company's mission of developing AI talent.

Mend

Pre Seed Round in 2022
We are a startup transforming access to medical services and specialized treatments by offering tailored financing solutions across Latin America. In an era where healthcare costs are a significant barrier for many, Mend is here to bridge the gap. Our mission is to empower patients and doctors with accessible payment options, enabling more inclusive and efficient healthcare.

R5

Seed Round in 2022
R5 is a company based in Colombia that simplifies vehicle ownership for its customers. It operates an online platform designed to facilitate financing through the use of assets like cars and motorcycles as collateral. The platform caters primarily to low-income individuals, allowing them to refinance high-interest debt or secure funds for business investments. Additionally, R5 offers a digital solution for purchasing compulsory vehicle insurance at affordable rates, enabling customers to leverage their vehicles to access credit options with lower interest rates. This approach aims to make financial services more accessible and manageable for its users.

Belo

Seed Round in 2022
Belo is a financial technology company that offers a hybrid digital wallet tailored for Latin American remote workers. The platform simplifies the process of receiving payments from abroad, managing savings, and facilitating local transactions across more than 14 countries in Latin America. Belo's technology enables users to send and receive payments globally, providing tools for companies to pay salaries in stable currencies and make low-cost international transfers. Additionally, the platform supports cryptocurrency transactions, allowing freelancers and remote workers to easily collect their income while navigating financial challenges.

DeltaX.la

Seed Round in 2022
DeltaX is a digital freight platform that connects shippers with carriers and truckers in Latin America.

Neivor

Seed Round in 2022
Neivor is a property management platform focused on transforming payment processes for property owners and renters in Latin America. By addressing the inefficiencies of cash-based transactions and fragmented payment systems, Neivor provides a mobile-centric solution that allows building managers to handle resident-facing tasks through a unified application. This platform not only facilitates seamless payment collection but also enables administrators to manage common areas, maintain agendas, and update reservations efficiently. Through its comprehensive tool, Neivor aims to optimize and automate the overall operation of condominiums, enhancing the experience for both property managers and residents.

Rebill

Seed Round in 2022
Rebill is a fintech platform focused on providing payment orchestration and subscription management solutions for digital businesses operating in Latin America. The platform allows companies to integrate over 100 local payment methods, including cards, bank transfers, cash, and wallets, facilitating efficient revenue operations across multiple countries and currencies. Rebill offers a single trust point for managing various payment gateways within a single transaction, ensuring flexibility for recurring billing scenarios. This automation helps e-commerce and SaaS businesses enhance acceptance rates and streamline billing processes. Additionally, Rebill is backed by prominent investors, ensuring robust support and resources for scaling operations in the region.

Neivor

Seed Round in 2021
Neivor is a property management platform focused on transforming payment processes for property owners and renters in Latin America. By addressing the inefficiencies of cash-based transactions and fragmented payment systems, Neivor provides a mobile-centric solution that allows building managers to handle resident-facing tasks through a unified application. This platform not only facilitates seamless payment collection but also enables administrators to manage common areas, maintain agendas, and update reservations efficiently. Through its comprehensive tool, Neivor aims to optimize and automate the overall operation of condominiums, enhancing the experience for both property managers and residents.

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.

Prometeo

Seed Round in 2021
Prometeo operates as a leading fintech infrastructure company, providing a marketplace that connects global corporations with financial institutions in Latin America and the United States. The company specializes in creating advanced technological infrastructure through banking Application Programming Interfaces (APIs), offering access to a vast network of over 1,500 connections to more than 1,200 financial institutions across 11 countries. Prometeo's platform simplifies and secures access to banking data, facilitates bank account validation, and enables account-to-account payments. By automating these processes, the company reduces friction and costs for its clients while enhancing financial connectivity. Additionally, Prometeo offers educational tools and money transfer applications to help users better understand their financial behavior and manage their finances effectively.

Neivor

Seed Round in 2021
Neivor is a property management platform focused on transforming payment processes for property owners and renters in Latin America. By addressing the inefficiencies of cash-based transactions and fragmented payment systems, Neivor provides a mobile-centric solution that allows building managers to handle resident-facing tasks through a unified application. This platform not only facilitates seamless payment collection but also enables administrators to manage common areas, maintain agendas, and update reservations efficiently. Through its comprehensive tool, Neivor aims to optimize and automate the overall operation of condominiums, enhancing the experience for both property managers and residents.

Prometeo

Seed Round in 2020
Prometeo operates as a leading fintech infrastructure company, providing a marketplace that connects global corporations with financial institutions in Latin America and the United States. The company specializes in creating advanced technological infrastructure through banking Application Programming Interfaces (APIs), offering access to a vast network of over 1,500 connections to more than 1,200 financial institutions across 11 countries. Prometeo's platform simplifies and secures access to banking data, facilitates bank account validation, and enables account-to-account payments. By automating these processes, the company reduces friction and costs for its clients while enhancing financial connectivity. Additionally, Prometeo offers educational tools and money transfer applications to help users better understand their financial behavior and manage their finances effectively.

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.

Treble.ai

Seed Round in 2019
Treble.ai, Inc. is a Colombian company that specializes in providing a platform designed to enhance customer support for businesses. The platform facilitates the collection of customer feedback through SMS and email, enabling companies to gain valuable insights into their customers' needs. Additionally, Treble.ai offers tools for automating customer interactions via WhatsApp, allowing businesses to streamline their operations and engage in effective marketing practices. By focusing on mobile communications, Treble.ai aims to make these interactions more agile, intelligent, and personal, helping businesses stay attuned to their users' requirements.

Keynua

Seed Round in 2019
Keynua is a technology 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's platform utilizes three-second video signatures to authenticate individuals and validate transactions, streamlining the approval process for documents while enhancing security. This innovative approach eliminates the need for cumbersome identity verifications and protects users from potential fraud, making the signing experience more efficient and reliable.

Vozy

Pre Seed Round in 2019
Vozy Inc is an artificial intelligence platform that focuses on transforming business communications through advanced voice technology. Founded in 2011 and based in Medellín, Colombia, with additional offices in several countries, Vozy develops Lili Assistant, a voicebot designed to enhance customer engagement, automate processes, and improve team productivity. The platform leverages conversational AI and contextual voice assistants to facilitate automated communication, enabling businesses to provide tailored customer experiences while reducing operational costs. By integrating self-management options and personalized interactions, Vozy helps customer-centric companies increase efficiency and effectiveness in their communication strategies.

Truora

Seed Round in 2018
Truora, Inc. is a technology company that 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, Truora aims to simplify and automate digital interactions. Its platform utilizes advanced technologies such as optical character recognition for document validation, face recognition for real-time user verification, and identity management to streamline Know Your Customer processes. Truora serves a diverse clientele that includes national and international retailers, banks, human resource firms, startups, and marketplaces, helping them reduce risk and validate relationships with users, customers, employees, and suppliers.

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.

Chaty

Seed Round in 2018
Chaty is an online platform founded in 2018 and headquartered in Lima, Peru, that assists restaurants in selling online and enhancing customer loyalty. The company offers a chatbot designed to streamline the order-taking process and facilitate secure payment processing. By providing a comprehensive suite of tools, Chaty enables restaurants to effectively manage their products, serve their clients, and accept various payment methods, including credit and debit cards. This approach allows restaurants to increase their order volume while ensuring a smooth and efficient transaction experience for their customers.

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. is a company based in Medellin, Colombia, that operates a project management platform tailored for modern teams. This platform uniquely integrates and automates G Suite applications, allowing users to streamline their workflows with a simple click. By eliminating the need for extensive technical skills, Workep enables quick setup, facilitating efficiency from the outset. The platform utilizes automation to minimize time spent on manual tasks such as report generation and file synchronization, thereby accelerating project progress. Additionally, Workep features an artificial intelligence component that analyzes usage patterns to act as a virtual assistant, helping users track project timelines and optimize task coordination. This approach fosters seamless communication and collaboration, enhancing overall productivity for its clients.

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.

FounderList

Seed Round in 2017
FounderList is an online platform established in 2015 and based in Santiago, Chile, focused on investing in high-impact startups in Latin America. The platform offers various investment services, including venture capital, angel investment, and seed funding. FounderList supports startups across multiple sectors, including business product services, consumer product services, financial services, and information technology, aiming to foster growth and innovation in the region's entrepreneurial ecosystem.

Slidebean

Seed Round in 2016
Slidebean, Inc. is a web-based platform that facilitates the creation of presentations, primarily targeting startups and entrepreneurs seeking funding. Founded in 2014 and headquartered in New York, with an additional office in San Jose, Costa Rica, Slidebean offers a range of services, including AI-driven pitch deck creation, financial modeling, and pitch deck design. The platform features pre-filled decks and customizable templates, allowing users to efficiently construct compelling presentations. Additionally, Slidebean provides a wealth of resources, including video materials, to support entrepreneurs through the fundraising process. Since achieving $1 million in annual recurring revenue in 2017, Slidebean has continually evolved its offerings to better assist founders in navigating the complexities of securing investment for their ventures.

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.

Bankity

Seed Round in 2016
Bankity is a financial management application established in 2014 and headquartered in Colombia. It offers an online and mobile platform designed for personal financial control, automating the tracking of expenses made with electronic money without requiring users to share their bank passwords. The application provides a daily card analysis tool, allowing users to manage their finances effortlessly and securely. Bankity has experienced significant growth, reporting an increase of over 10 times in user engagement in the last six months, highlighting its effectiveness in helping customers maintain control over their financial activities.

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.

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 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.

Lenk

Lenk powers the process mortgage origination in Latin America

Lenk

Lenk powers the process mortgage origination in Latin America
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