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

Associate

Makote Gutierrez

Partner

Jie Hao Ph.D

Venture Partner

Juan Kontarovsky

Investor

Jiating Li

Principal

Nathan Lustig

Managing Partner

Nabil Meralli

Venture Partner

Eugenio Perea

Venture Partner

Francisco Saenz Rica

Partner

Codie Sanchez

Venture Partner

Sophia Wood

Venture Partner

Pedro Pablo Del Campo

Partner

Past deals in Chile

Kushki

Series B in 2021
Kushki is a Latin America–focused digital payments platform that offers an integrated payments solution and omnichannel capabilities for e-commerce, m-commerce, and brick‑and‑mortar retail. It provides an API that standardizes the region’s fragmented payments landscape by supporting card payments, bank transfers, and cash networks, with access to more than 300,000 physical payment points. The platform emphasizes local logic and pricing to simplify cross‑border and local transactions and enables rapid integration for merchants. Founded in 2016 in New York City, Kushki operates across Brazil, Chile, Colombia, Ecuador, Mexico, Peru, the United States, and Canada.

Kushki

Series A in 2020
Kushki is a Latin America–focused digital payments platform that offers an integrated payments solution and omnichannel capabilities for e-commerce, m-commerce, and brick‑and‑mortar retail. It provides an API that standardizes the region’s fragmented payments landscape by supporting card payments, bank transfers, and cash networks, with access to more than 300,000 physical payment points. The platform emphasizes local logic and pricing to simplify cross‑border and local transactions and enables rapid integration for merchants. Founded in 2016 in New York City, Kushki operates across Brazil, Chile, Colombia, Ecuador, Mexico, Peru, the United States, and Canada.

Kushki

Series A in 2018
Kushki is a Latin America–focused digital payments platform that offers an integrated payments solution and omnichannel capabilities for e-commerce, m-commerce, and brick‑and‑mortar retail. It provides an API that standardizes the region’s fragmented payments landscape by supporting card payments, bank transfers, and cash networks, with access to more than 300,000 physical payment points. The platform emphasizes local logic and pricing to simplify cross‑border and local transactions and enables rapid integration for merchants. Founded in 2016 in New York City, Kushki operates across Brazil, Chile, Colombia, Ecuador, Mexico, Peru, the United States, and Canada.

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 creating innovative educational solutions that blend physical and digital experiences through Augmented Reality. It aims to promote the multiple intelligences of preschoolers by offering interactive and adaptive learning tools, which include educational toys and applications designed to enhance children's curiosity and engagement with learning. Recognized for its contributions to educational technology, PleIQ has received numerous accolades, including the Global Best Ed-Tech Solution at the GESAwards in 2021 and the Best EdTech Innovation at Bett Latam in 2017. The company's founder has been distinguished as one of the 35 MIT Innovators Under 35 in Latin America, highlighting PleIQ's commitment to advancing educational methods and its impact on early childhood learning.

Keteka

Seed Round in 2017
Keteka is an online tours and activities marketplace and booking platform that operates a community-based adventure travel platform, offering a database of tours and activities and enabling travelers to book authentic, safe experiences with validated local guides from developing communities. The service serves customers worldwide and is based in Panama, with operations in Guatemala, Ecuador, Peru, and Chile. Keteka emphasizes dignified economic opportunities for local communities by connecting travelers with local guides and fostering responsible, culturally immersive travel experiences.

Jooycar

Seed Round in 2016
Jooycar is a leading provider of connected car platforms, utilizing telematics technology to enhance driving behavior and create new business opportunities in the insurance and automotive industries. With operations across Latin America and the United States, Jooycar has successfully connected over 30,000 vehicles and processed more than 100 million kilometers of data.

S-Save

Seed Round in 2015
S-Save S.A. is a Chilean company based in Vitacura that specializes in developing online financial solutions aimed at helping businesses reduce costs. In addition to its financial services, S-Save also sells sustainable equipment designed to conserve and generate essential resources such as electricity, water, and gas. The company's technology harnesses ambient heat from the air to efficiently heat water for residential and commercial use, thereby promoting environmental sustainability. Through its innovative solutions, S-Save contributes to both economic savings for its clients and positive environmental impacts.

RetailCompass

Seed Round in 2015
RetailCompass is a company that specializes in providing efficient solutions and up-to-date data for businesses focused on optimizing their pricing strategies and enhancing sales performance. Founded in 2014 and headquartered in Santiago, Chile, RetailCompass utilizes web crawlers to gather comprehensive information on competitors' pricing, product assortment, stock levels, and shipping costs. This business intelligence empowers retailers and brands to make informed and timely pricing decisions, ultimately improving their online strategies and competitiveness in the market.

ChileTrabajos

Seed Round in 2015
ChileTrabajos operates an online job platform that connects employers with job seekers. It offers a range of employment services including administration, accounting, education, hospitality tourism, and more.

Reqlut

Seed Round in 2014
Reqlut S.A. is a pioneering social platform based in Santiago, Chile, that revolutionizes the job search process by enabling current and former employees to share reviews and salary information about their workplaces. This innovative approach provides new job seekers with valuable insights into company cultures, fostering transparency in the recruitment process. Reqlut employs advanced human resources technologies and methodologies to facilitate efficient and user-friendly job matching, ensuring that individuals can find employment that aligns with their skills and preferences. The company aims to transform the job search experience into a positive and enjoyable journey, ultimately contributing to a more satisfying work environment for all.

Pricing Compass

Seed Round in 2014
Pricing Compass is a price intelligence analytics platform based in Santiago, Chile. The company specializes in providing price analytics for large retailers across Latin America and the United States. By leveraging advanced data analytics, Pricing Compass helps businesses optimize their pricing strategies, enabling them to make informed decisions in a competitive market. The platform focuses on delivering actionable insights that assist retailers in effectively managing their pricing and enhancing their overall profitability.

Edoome

Seed Round in 2014
Edoome is an online education platform that provides virtual classrooms and tools for teachers to share files and videos, communicate with students, and organize classes. The platform enables publishing assignments, quizzes, and grades, supports planning, assessment, and progress tracking, and connects teachers with students and parents to monitor academic goals. By unifying classroom activities in a single platform, Edoome aims to bridge gaps between different education settings. Founded in 2012 and based in Chile.

ReStudio

Seed Round in 2014
Founded in 2006, ReStudio specializes in developing and providing dimensional information technology solutions tailored for mining, energy, and public works projects. The company supports the design, construction, and maintenance of these projects through services such as Point Cloud Baseline, as-built documentation, dimensional control, condition monitoring, and project presentation.

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 enhance patient engagement through education and a rating system, while also assisting dental practices in attracting more patients. Deenty offers tools that modernize the patient experience and automate routine administrative tasks, such as scheduling and appointment reminders. Additionally, the company collaborates with health insurance providers to integrate its services with healthcare systems, facilitating real-time reimbursement processes. This comprehensive approach aims to make dental care more accessible and efficient for both patients and healthcare providers.
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