Magma Partners

What is Magma Partners?

Magma Partners is a venture capital firm based in Chile, specializing in investments across Latin America.

They support early-stage startups, focusing on Pre-Seed, Seed, and Series A funding rounds. The firm's investment strategy is to back the region’s top entrepreneurs and help them scale technology-driven businesses that address significant problems within Latin American markets.

They have a broad investment scope, engaging with sectors including software, PropTech, education, business solutions, FinTech and financial services, retail and e-commerce, AI and big data, HealthTech and fitness, blockchain and cryptocurrencies, advertising, insurance and InsurTech, logistics and distribution, payments, real estate and construction, consumer, and pharmaceuticals and medicine.

With a preference for woman-focused initiatives, Magma Partners aims to nurture under-represented talent in the industry.

The firm prides itself on having invested in over 125 startups with more than $80 million in funds, resulting in the creation of at least two unicorns. Their investment size ranges from $50,000 as a minimum to a maximum of $5,000,000, with a sweet spot around $200,000.

They position themselves as a potential first investor for startups but are willing to invest up to Series A stages if the opportunity arises after the pre-seed phase.

Magma Partners believes in being actively involved in the growth of its portfolio companies. They offer deep support to the founders with Magma Founder Services, aiming to decrease feedback loop times, boost sales, and accelerate scaling.

Magma Partners operates with a fully distributed team across Latin America, comprising entrepreneurs and early employees from startups in both Silicon Valley and regional markets. They share a commitment to elevating the best talent within Latin America with a strong focus on founder services to empower startups throughout their entrepreneurial journey.

What they say:

While we are best known for Fintech, insurtech, Proptech and Marketplaces, we are a generalist fund, which means we invest in the best entrepreneurs solving Latin America’s biggest problems. Some of our best known companies are Kushki, Frete, OnTop, Truora, Billpocket, Albo, Guros.

What we look for: We invest in $25,000 to $5M from first check to Series A. While we’re best known for fintech, insurtech and prop tech, we’re a generalist firm at heart, looking to partner with the best founders in Latin America.