Magma Partners

Magma Partners is an early-stage venture capital firm that supports Latin American entrepreneurs seeking to launch and scale in the US market, with a focus on fintech, insurtech, blockchain, marketplaces and software-as-a-service. The firm is headquartered in Santiago, Chile, and maintains offices in California, Colombia, Mexico and China. Since its founding in 2014, it has backed a broad set of startups across Chile, the US and other Latin American markets, and operates the Sino-Latin American accelerator to facilitate cross-border ventures.

Alexa Clark

Analyst

Makote Gutierrez

Partner

Jie Hao Ph.D

Venture Partner

Juan Kontarovsky

Investor

Jiating Li

Principal

Past deals in Mexico

Nuvocargo

Series B in 2023
Nuvocargo, Inc. is a digital platform specializing in cross-border trade between the United States and Mexico. Founded in 2017 and based in New York, the company offers an integrated suite of services, including customs brokerage, freight forwarding, cargo insurance, and supply chain financing. Nuvocargo distinguishes itself by providing standardized and transparent quotes through its network of carriers, along with a cloud-based dashboard that enables real-time cargo tracking, shipment status updates, and customs clearance management. The company aims to modernize the largely untapped $2 trillion logistics market, enhancing visibility and efficiency for shippers. With a bilingual team that bridges technology and logistics across the Americas, Nuvocargo has reported significant revenue growth since its inception, reflecting its unique position in the industry.

Vexi

Venture Round in 2023
Founded in Mexico City in 2016, Vexi offers a digital credit card service targeting young underbanked populations. Users can manage expenses, create payment plans, and build credit history through its mobile application.

Heru

Seed Round in 2022
Heru is a company focused on enhancing the lives of gig-economy workers through technology-driven services and benefits tailored to their unique needs. Founded in 2019 by Mateo Jaramillo and Stiven Rodriguez Sanchez, and headquartered in Mexico City, the company offers a comprehensive financial technology platform that simplifies accounting processes for independent workers. Heru's services include electronic invoicing, tax management, tailored insurance policies, working capital solutions, and expert financial guidance. By providing tools for efficient tax obligation management and access to essential resources, Heru aims to improve the overall well-being and working conditions of freelancers and independent professionals.

Koltin

Pre Seed Round in 2022
Koltin is a health insurance company in Mexico that focuses on the needs of people aged 60 and older. It combines traditional health insurance with proactive, tech-enabled care to improve access to coverage and care for seniors. By partnering with a leading insurer, Koltin provides major medical coverage alongside a dedicated, team-based care model and personalized health aging plans enabled by technology. The company also offers remote support services, including accident insurance, coverage for medical emergencies and major medical expenses, and unlimited preventive guidance from specialists. Through these integrated insurance and care services, Koltin helps elderly individuals maintain independence and preserve physical and mental well-being while navigating the complexities of aging.

Vexi

Venture Round in 2022
Founded in Mexico City in 2016, Vexi offers a digital credit card service targeting young underbanked populations. Users can manage expenses, create payment plans, and build credit history through its mobile application.

Cura Deuda

Venture Round in 2022
Cura Deuda, founded in 2011 and based in Mexico City, specializes in debt management services aimed at assisting individuals and families struggling with over-indebtedness. The company negotiates with banks and financial institutions on behalf of its clients to facilitate debt settlement and improve their financial well-being. By providing financial advisory services and savings strategies, Cura Deuda enables clients to manage their debts effectively and adapt to changing financial circumstances. With a commitment to transforming the lives of its clients, the company aims to help over one million families achieve a healthier financial life, reducing stress and enhancing overall quality of life.

Jefa

Seed Round in 2021
Jefa is a digital financial platform that aims to empower women by providing them with a comprehensive financial application. Initially launched in Mexico, Jefa's app offers users access to a financial marketplace, enabling them to manage their finances effectively. The application includes features such as an electronic payment account for sending and receiving money, automating service payments, and making purchases without hidden costs or commissions. Jefa focuses on delivering an affordable, convenient, and secure solution, ensuring that women have the tools they need to take control of their financial well-being.

Vexi

Seed Round in 2021
Founded in Mexico City in 2016, Vexi offers a digital credit card service targeting young underbanked populations. Users can manage expenses, create payment plans, and build credit history through its mobile application.

Nuvocargo

Series A in 2021
Nuvocargo, Inc. is a digital platform specializing in cross-border trade between the United States and Mexico. Founded in 2017 and based in New York, the company offers an integrated suite of services, including customs brokerage, freight forwarding, cargo insurance, and supply chain financing. Nuvocargo distinguishes itself by providing standardized and transparent quotes through its network of carriers, along with a cloud-based dashboard that enables real-time cargo tracking, shipment status updates, and customs clearance management. The company aims to modernize the largely untapped $2 trillion logistics market, enhancing visibility and efficiency for shippers. With a bilingual team that bridges technology and logistics across the Americas, Nuvocargo has reported significant revenue growth since its inception, reflecting its unique position in the industry.

Heru

Pre Seed Round in 2020
Heru is a company focused on enhancing the lives of gig-economy workers through technology-driven services and benefits tailored to their unique needs. Founded in 2019 by Mateo Jaramillo and Stiven Rodriguez Sanchez, and headquartered in Mexico City, the company offers a comprehensive financial technology platform that simplifies accounting processes for independent workers. Heru's services include electronic invoicing, tax management, tailored insurance policies, working capital solutions, and expert financial guidance. By providing tools for efficient tax obligation management and access to essential resources, Heru aims to improve the overall well-being and working conditions of freelancers and independent professionals.

Jefa

Seed Round in 2020
Jefa is a digital financial platform that aims to empower women by providing them with a comprehensive financial application. Initially launched in Mexico, Jefa's app offers users access to a financial marketplace, enabling them to manage their finances effectively. The application includes features such as an electronic payment account for sending and receiving money, automating service payments, and making purchases without hidden costs or commissions. Jefa focuses on delivering an affordable, convenient, and secure solution, ensuring that women have the tools they need to take control of their financial well-being.

Listopro

Seed Round in 2020
Listopro is a digital job platform based in Mexico that facilitates the efficient connection between companies and hourly workers. The platform enables businesses to post job openings at no cost and quickly matches them with pre-screened, certified candidates. By streamlining the hiring process, Listopro allows clients to hire talent faster while also providing workers with the ability to earn more. Additionally, the platform features an online payment system that allows employers to compensate workers directly after job shifts are completed, enhancing convenience for both parties involved.

Jefa

Pre Seed Round in 2020
Jefa is a digital financial platform that aims to empower women by providing them with a comprehensive financial application. Initially launched in Mexico, Jefa's app offers users access to a financial marketplace, enabling them to manage their finances effectively. The application includes features such as an electronic payment account for sending and receiving money, automating service payments, and making purchases without hidden costs or commissions. Jefa focuses on delivering an affordable, convenient, and secure solution, ensuring that women have the tools they need to take control of their financial well-being.

Guros

Seed Round in 2020
Guros is a digital insurance brokerage based in Mexico City, specializing in providing a seamless insurance experience through its proprietary technology. Founded in 2013, the company enables businesses to offer embedded auto insurance solutions to their customers, streamlining the process from quotation to policy issuance. Guros partners with various companies, including Kavak, Creditas, and Coppel, to integrate insurance offerings directly into their purchasing processes. The platform facilitates a user-friendly experience for comparing and managing various types of vehicle insurance, including auto and motorcycle coverage. Looking ahead, Guros plans to expand its services to include insurance for mobile devices, electronics, and home insurance, all while maintaining a focus on enhancing customer satisfaction through embedded solutions.

Jefa

Pre Seed Round in 2020
Jefa is a digital financial platform that aims to empower women by providing them with a comprehensive financial application. Initially launched in Mexico, Jefa's app offers users access to a financial marketplace, enabling them to manage their finances effectively. The application includes features such as an electronic payment account for sending and receiving money, automating service payments, and making purchases without hidden costs or commissions. Jefa focuses on delivering an affordable, convenient, and secure solution, ensuring that women have the tools they need to take control of their financial well-being.

Nuvocargo

Seed Round in 2020
Nuvocargo, Inc. is a digital platform specializing in cross-border trade between the United States and Mexico. Founded in 2017 and based in New York, the company offers an integrated suite of services, including customs brokerage, freight forwarding, cargo insurance, and supply chain financing. Nuvocargo distinguishes itself by providing standardized and transparent quotes through its network of carriers, along with a cloud-based dashboard that enables real-time cargo tracking, shipment status updates, and customs clearance management. The company aims to modernize the largely untapped $2 trillion logistics market, enhancing visibility and efficiency for shippers. With a bilingual team that bridges technology and logistics across the Americas, Nuvocargo has reported significant revenue growth since its inception, reflecting its unique position in the industry.

Vozy

Pre Seed Round in 2019
Vozy Inc is an artificial intelligence company based in Medellín, Colombia, with additional offices in Argentina, Chile, Mexico, Peru, Spain, and the United States. The company specializes in developing a voice platform that revolutionizes how businesses engage with their customers. Vozy's technology integrates conversational AI and contextual voice assistants, allowing companies to automate communication through both self-service and personalized interactions. This enables businesses to enhance customer experiences while optimizing operational costs. Founded in 2011, Vozy aims to support customer-centric enterprises in delivering tailored experiences at scale.

Bexi

Seed Round in 2018
Bexi, Inc. is a digital marketing company founded in 2016 and headquartered in San Francisco, California, with additional offices in Guadalajara, Mexico City, and La Paz. The company specializes in providing an online platform that offers a comprehensive suite of design and marketing solutions, including services for banners, digital advertisements, landing pages, emails, infographics, and various promotional materials. Bexi's innovative tool is designed to assist small and medium-sized businesses in generating leads online without the need for extensive design or marketing expertise. By streamlining project initiation, campaign management, and design approvals through a mobile-driven technology, Bexi enables marketing teams to operate efficiently and effectively, reducing reliance on traditional creative agencies and minimizing associated costs.

Hackers/Founders

Seed Round in 2018
Established in 2011 and headquartered in San Jose, California, Hackers/Founders is a venture capital firm focusing on seed to later-stage investments in technology companies. It primarily invests in the Silicon Valley, San Jose Area, and Mexico regions.

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.

Albo

Seed Round in 2018
Albo is a Mexican challenger bank offering a mobile-first banking experience. It provides users with a digital banking account, a Mastercard card for spending, and innovative features such as savings tools, goal management within sub-accounts, and personal loans.

Bexi

Seed Round in 2016
Bexi, Inc. is a digital marketing company founded in 2016 and headquartered in San Francisco, California, with additional offices in Guadalajara, Mexico City, and La Paz. The company specializes in providing an online platform that offers a comprehensive suite of design and marketing solutions, including services for banners, digital advertisements, landing pages, emails, infographics, and various promotional materials. Bexi's innovative tool is designed to assist small and medium-sized businesses in generating leads online without the need for extensive design or marketing expertise. By streamlining project initiation, campaign management, and design approvals through a mobile-driven technology, Bexi enables marketing teams to operate efficiently and effectively, reducing reliance on traditional creative agencies and minimizing associated costs.
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