Magma Partners
Venture capitalAustin · Pre-Seed–Series B · 7 people tracked
Investment thesis
Magma Partners invests in Latin America's top entrepreneurs building scalable technology businesses that address the region's biggest problems in large markets. Although best known for fintech, insurtech, and marketplaces, the firm operates as a generalist fund. It aims to be a startup's first investor, typically entering at pre-seed but able to continue investing through Series A. The firm supports founders operationally by helping them shorten feedback loops, generate sales, and scale faster, drawing on a fully distributed team of former entrepreneurs and early startup employees from Silicon Valley and Latin America.
Source: firm website, verified Aug 7, 2026.
Team · 7 people
from the firm's website & public directories
What they invest in
from 42 of 122 portfolio companiesFintech ×20SaaS ×14AI & Machine Learning ×13Enterprise Software ×12Consumer ×7E-commerce ×6Healthtech ×4Marketing Tech ×4
HQs:Mexico×13United States×8Colombia×4Chile×3Brazil×2Peru×1
Who they back
founder profiles across 19 portfolio companiesFounding team size:solo founder×82 founders×53 founders×34+ founders×3
Where their founders studiedfrom 22 founders with education data
INSEAD ×3Stanford University Graduate School of Business ×3Pontificia Universidad Católica de Chile ×2Stanford University ×2The Wharton School ×2Universidad del Valle (CO) ×2University of Warwick ×2
Where their founders worked beforefrom 24 founders with career history
Fandango ×3McKinsey & Company ×3Twilio ×2
Accelerator rootsportfolio companies that came through a program
3 hold an MBA (of 23 with degree data)
Investments · 122 tracked
founders shown can be your intro pathBy year:2025 · 22024 · 12023 · 12022 · 22021 · 22020 · 12019 · 12018 · 111 dated
Flourish Savings offers a consumer savings product that uses game mechanics, rewards, and milestone recognition to encourage people to build positive financial habits.
ConsumerFintechSan Francisco, US
Jessica Eting(Executive Officer, Director)Pedro Moura(Executive Officer, Director)
Board seatNathan Lustig· per SEC Form D · $4.2M raise · filed Oct 2022
Co-investorsTheVentureCityFirst Check Ventures
Sedona, US
Adrian Fisher(Executive Officer, Director, Promoter)Kenneth Dennis(Director)
Board seatNathan Lustig· per SEC Form D
albo is a Mexican digital financial institution (IFPE authorized by the CNBV) offering a fully digital personal account with a Mastercard debit card, transfers, bill payments, and access to credit and crypto through commercial partners.
ConsumerEnterprise SoftwareFintech
Angel Sahagun Fernandez(Founder)in
Co-investorsFlourish VenturesNazcaSouth QuadValar Ventures LlcMorpheus Ventures
Anyone AI provides intensive, online machine learning training programs for software developers in Latin America, connecting graduates to AI job opportunities globally.
AI & Machine LearningEdTech
Co-investorsLatitud VenturesLotux Ventures
Co-investorsCapria VenturesDalus CapitalFJ LabsKayyak VenturesSalkantay Ventures
Base Operations provides standardized, location-level threat intelligence and risk analytics for corporate security teams, offering 0-100 risk scores, mapped incident data, and forecasting across thousands of cities worldwide.
AI & Machine LearningData & InfrastructureEnterprise Software
Co-investorsGlasswing VenturesGood Growth CapitalGrotech VenturesInner Loop CapitalMindset VenturePrefix Capital+2 more
Co-investorsLatitud VenturesPrimary XStartupsSur VenturesTheVentureCityNewtopia VC
Billpocket provides card payment terminals and payment processing for businesses across industries, accepting credit, debit, meal vouchers, and contactless payments, plus remote payment links.
FintechHardwareRetail Tech
Co-investorsAxon Partners Group
Círculo de Belleza is an online distributor of professional beauty products in Mexico, offering brand-name items with same-day fulfillment and nationwide shipping.
B2B MarketplacesConsumerE-commerceRetail Tech
Maribel Dominguez
Co-investors500 Global
Compound Foods develops alternative coffee and cocoa ingredients made from upcycled, climate-resilient sources to address supply chain volatility and environmental impact of traditional coffee and cocoa production.
Climate TechFoodTech
Maricel Saenz(Founder)in
Co-investorsAmplifica CapitalCollaborative FundFemale FoundersJuniperMaple VCOne Way Ventures+6 more
A modular logistics operating system that unifies WhatsApp chats, spreadsheets, and legacy ERPs to provide real-time visibility, orchestration, and automated decision-making.
Co-investorsConsenSys Mesh
Camita Bienestar is a Mexican direct-to-consumer brand founded in 2019 that designs and locally produces orthopedic and wellness beds for pets, along with related products like paw balms and odor removers.
ConsumerDirect to ConsumerE-commerceLogistics & Supply ChainSaaS
Michelle Reza(Founder)Armando(Co-founder)
Co-investorsBlustone CapitalEndurance28Norte VenturesMiami Angels
dataplor provides a global location intelligence platform offering data on over 200 million points of interest and privacy-compliant foot traffic signals.
AI & Machine LearningData & InfrastructureEnterprise Software
Co-investorsAPA Venture PartnersBlue Ivy VenturesCircadian VenturesF-Prime CapitalNavigate VenturesQuest Venture Partners+3 more
A digital freight platform connecting shippers with carriers and truckers, streamlining import and export in the Andean region.
Divibank provides payment processing and credit services for online merchants, including payment links, checkout, PIX, card, and boleto acceptance, antifraud protection, and advance of credit card receivables.
E-commerceFintechSaaS
Jaime Taboada(Founder)Rebecca Fischer(Founder)in
Co-investorsAllievo CapitalAlter GlobalBetter Tomorrow VenturesClocktower VenturesKube VCGilgamesh Ventures+4 more
Latin American live sports streaming service that lets fans watch soccer games online.
Grand Cayman
Matias Rivera(CEO, President)Raúl Rivera Andueza(Founder)in
BoardDavid Belmar(Director)inJuan Arciniegas(Director)Raul Rivera(Director)
Co-investorsMiami Angels
Increases access to fertility treatment in Latin America by providing financing and improving the patient experience.
Santiago, CL
Richard BERAUDO(Founder)Tomas Bercovich(Founder)in
Co-investorsClocktower VenturesQuona Capital
GroupRaise operates an online platform that enables non-profit groups to organize restaurant fundraisers, connecting them with participating restaurants that donate a percentage of sales from group meals back to their causes.
B2B MarketplacesFintechImpact & Social GoodHouston, US
Devin Baptiste(Founder)inPaul Kwiatkowski(Founder)in
Co-investorsKapor CapitalLeadX Capital PartnersR/GA VenturesTech WildcattersTechstars
R5 offers an online platform and mobile app for buying SOAT (mandatory vehicle insurance) and managing vehicle ownership tasks such as tracking pico y placa restrictions and document expiration dates.
FintechInsurTechMobility & Transportation
Co-investorsAccionCarao Ventures
Guros is an online platform for comparing and buying car insurance in Mexico, letting consumers compare prices, coverage, and benefits from up to 8 insurers at once.
FintechInsurTechMarketplaces
Co-investorsCapria VenturesClocktower VenturesF-Prime CapitalLEAP Global Partners
Houm is a proptech platform that helps property owners list and rent residential properties in Latin America.
MarketplacesPropTechSantiago, CL
Benjamín Labra(Founder)inNicolas Knockaert(Founder)inBenjamin Ignacio Labra Zelaya(Executive Officer, Director)Benjamin Labra(Founder)in
BoardJorge Benitez(Director)Jonathan Lewy(Director)
Co-investorsCapria VenturesCathexis VenturesCM VenturesEmles Venture PartnersFoundersX VenturesMyelin VC+5 more
Influur offers Pulse, an AI agent for music promotion that identifies and matches creators to campaigns, runs multi-channel outreach to hundreds of creators at once, handles escrow-style payments, and provides real-time campaign analytics.
AI & Machine LearningCreator EconomyMarketing Tech
Alessandra Angelini(Cofounder)Valeria Angelini(Cofounder)inPaula Coleman(Cofounder)in
Co-investorsAmplifica CapitalHTwentyIGNIAPoint72 VenturesRedwood VenturesTantauco+2 more
Keynua provides electronic signature solutions with multiple signature types, biometric authentication, and geolocation for secure digital document signing.
Enterprise SoftwareFintechFuture of WorkLegalTechLima, PE
Alfredo Granda(Founder)inManuel Olguin(Founder)inLuis Alban(Founder)inInma Canadas(Founder)
Co-investorsPoint NineY Combinator
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Koltin operates a membership program that includes major medical expense insurance underwritten by BBVA Seguros Salud, offering preventive health services, community access, and controlled annual renewal increases based on preventive care.
HealthtechInsurTechMexico, MX
Carmen RosilloEduardo Ortiz Reynaga
Co-investors500 GlobalGraph VenturesLeft Lane Capital
Kravata provides APIs and modules that let companies offer secure transactions, multi-currency global accounts, cross-border payments, and compliance-as-a-service, enabling conversion between fiat currencies and digital assets.
Crypto & Web3FintechSaaS
Co-investorsAlliance DAO (ex DeFi Alliance)IOSG VenturesKoyamaki Ventures
Kushki operates a regional payment infrastructure platform for high-transaction businesses and payment service providers in Latin America.
E-commerceEnterprise SoftwareFintechLATAM, MX
Co-investorsAMK Investment OfficeFunction VenturesKaszek VenturesRapid ScaleWestern Technology Investmentdevlabs
Ualá is an Argentine digital bank offering banking, payments, savings, investment, and lending services to consumers across Argentina, Mexico, and Colombia.
Construction TechFintechMedia & EntertainmentPropTech
Co-investorsAllianz XBrick Mortar VenturesTetherMGV CapitalRapid ScaleInvexor Venture Partners
Marqii is a discoverability and guest engagement platform for hospitality operators that automates SEO and GEO tasks, including listings updates across 70+ sites, menu syncing from POS systems, AI-powered review responses, FAQ widgets, and location pages.
AI & Machine LearningFoodTechMarketing TechSaaSAustin, US
Avi Goren(Co-Founder/CEO)inEvan Perlmutter(Co-Founder/COO)Bryan Rutcofsky(Co-Founder/CRO)Ashley McGowan(VP of Customer Success)Carl Lane(VP of Engineering & Product)Kelsey Verdier(VP of Marketing)
Co-investorsGreen Egg VenturesMaccabee VenturesNew York Venture PartnersNext Coast Ventures
Moonflow is a cloud-based debt collection software that uses AI agents to automate customer communications across WhatsApp, email, and phone calls, centralizing and orchestrating the collections process.
AI & Machine LearningFintechSaaSLima
Facundo Turconi(CEO)
Co-investorsAmador HoldingsTheVentureCityMORRO VENTURESSalkantay Ventures
Moons provides invisible, removable dental aligners for teeth straightening in Mexico.
HealthtechMedical DevicesMexico, MX
Tommaso Tomba(Founder)inAlex Clapp(Founder)inLeonardo Miron(Founder)in
Co-investorsAlleyCorpDila CapitalITERATIVEType One VenturesWollef VenturesAlley Robotics Ventures
Recovers and exports critical minerals from industrial e-waste, using AI to identify high-value materials.
Nuvocargo provides software and services for cross-border freight management between the US and Mexico, targeting global brands and logistics companies seeking to improve efficiency in North American supply chains.
AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaSNew York City, US
Deepak Chhugani(Founder/CEO)in
BoardLauren Connolley Morton(Director)inSamuel Ross Blackman(Director)
Co-investorsAmador HoldingsBuenTrip VenturesClocktower VenturesDVCHarlem Capital PartnersHi Ventures+10 more
PayForm provides customizable payment forms connected to a recurring billing system, letting businesses collect one-time and subscription payments online.
E-commerceFintechSaaS
Pablo Alvarez Retamal
Co-investors500 Global
Picaio is a data management platform for corporate tax functions that reconciles large volumes of fiscal records across systems, identifying discrepancies and providing traceable reports to reduce audit risk and speed up tax compliance.
Enterprise SoftwareFintechSaaS
Plerk provides virtual benefit cards that let companies allocate budgets for employee perks, allowing workers to choose from merchant options while maintaining centralized billing and spending controls across distributed teams.
Enterprise SoftwareFintechSaaSGuadalajara, MX
Miguel Medina(Founder)inAngel Arias(Founder)inAntonio Martinez Quintero(Founder)inAntonio Martinez(Director, Promoter)in
Co-investorsMGV CapitalStartupsY Combinator500 GlobalFirst Check VenturesUpload Ventures
Prescrypto, based in Mexico, provides a platform for issuing and sending medical prescriptions electronically.
Healthtech
Bernardo MezaEverardo Barojas
Co-investors500 GlobalStartups
Prometeo provides a platform for cross-border financial operations, offering security, encrypted connections, and fraud protection with two-factor authentication and ISO 27001 monitoring.
CybersecurityData & InfrastructureFintech
Co-investorsCapria VenturesFinnovista VCParade VenturesSamsung NextCometaDN Capital+1 more
Quansa provides regulatory, legal, and financial compliance services, working alongside financial-sector and labor lawyers, aimed at companies.
Fintech
Gonzalo B.(Founder)in
Co-investorsNorte VenturesValor Capital Group
Dover, US
RENATO RANCIC(Executive Officer)
Co-investorsGG CapitalHi VenturesLatitud VenturesLotux Ventures
Slidebean is a presentation software platform for creating pitch decks and business slides.
Marketing TechSaaSSocial
Caya (Jose Cayasso)(Founder)inAfraaz MastersCayaJose Enrique BolanosVinicio Chanto
Co-investors500 GlobalBonfire VenturesCarao VenturesFirstrock Capital
Treble.ai provides a platform for businesses to create and distribute marketing conversations at scale via WhatsApp, with built-in analytics to track and optimize campaign performance across customer acquisition funnels.
Enterprise SoftwareMarketing TechSão Paulo, BR
Felipe Otálora(Founder)inSebastián Valencia(Founder)
Co-investorsEmles Venture PartnersFundersClubLatitud VenturesY CombinatorMAYA Capital VenturesTiger Global Management
Truora provides digital identity verification and background check solutions for businesses, enabling secure user onboarding and fraud prevention across financial services, e-commerce, marketplaces, and other industries in Latin America.
CybersecurityEnterprise SoftwareFintechSaaSCali, CO
Daniel Bilbao(Founder)inDavid Cuadrado(Founder)inMaite Muniz Telleria(Founder)inCesar Pino(Founder)inMaria Teresa Muniz Telleria(Director)David Cuadrado Cabrera(Director)
Co-investors17SigmaAccelKaszek VenturesOpera VenturesPropel Venture PartnersVast Ventures+3 more
UBITS is a modular AI-powered HR platform that helps organizations recruit, train, and develop their teams across Latin America.
AI & Machine LearningEnterprise SoftwareHR TechSaaSBogotá, CO
Julián Melo(Founder)in
Co-investorsAmador HoldingsCapria VenturesOwl VenturesRiverwood CapitalRoble VenturesSalkantay Ventures+2 more
Urbint provides an AI-powered platform that helps energy and utility companies predict operational risks through emergency preparedness and response, worker safety, and damage prevention (811 ticket risk-profiling to prevent excavation strikes).
AI & Machine LearningEnergySaaS
Corey Capasso(Founder)in
Co-investorsBlue Bear Capital PartnersClimate InvestmentEnergize CapitalEnergy Impact PartnersMetaProp VenturesPiva Capital+5 more
Verqor provides agricultural credit and financing to farmers, adapting loan terms to the specific crop and offering a response within 72 hours and automatic renewal.
AgTechFintechCoyoacan, Cdmx
Valentina Rogacheva(Founder)inJose Hugo Garduno Ortega(Executive Officer, Director)
Co-investorsAccionAmplifica CapitalCapria VenturesCentury Oak VenturesGLOCAL LatamMercy Corps Ventures+6 more
Vexi is a Mexican credit card issuer offering a consumer credit card (including a Vexi American Express card) with cashback, interest-free installment purchases, and card controls through its app.
ConsumerFintechMexico City, MX
Salvador Michel(Founder)inGabriela Estrada(Founder)in
Co-investorsAccial CapitalCapria VenturesCats.vcFinnovista VCRebalance Capital VenturesRedwood Ventures+2 more
Vozy builds AI-powered conversational agents and voice assistants for customer service, offering products for first-contact resolution, agent assistance, debt collection, and conversation analytics.
AI & Machine LearningEnterprise SoftwareSaaS
Co-investorsGlobant VenturesLatin LeapGoHub Ventures
Yana is a mobile app offering a supportive companion for emotional wellbeing and self-reflection, used by consumers seeking emotional support.
ConsumerHealthtechMental HealthWellness & Fitness
Andrea Campos(Founder)in
Co-investors500 GlobalHi VenturesImagine VenturesMGV CapitalALLVP
yavendió! is an AI sales agent that operates inside a business's official WhatsApp and Instagram accounts to answer customer messages, recommend products, and guide conversations to completed purchases via payment links.
AI & Machine LearningE-commerceSales Tech
Co-investorsAlaya Capital
Yumari provides an AI platform for cross-border contract manufacturing, matching brands with factories, standardizing RFQs, forecasting production risks, and automating quality assurance and cross-border communication.
Advanced ManufacturingAI & Machine LearningLogistics & Supply Chain
Co-investorsAmplifica CapitalBuenTrip VenturesMatterScale Ventures
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Portfolio news
latest coverage across their companiesSlidebean · startupfundraising.com · Aug 12, 2026
Moons · retailtimes.co.uk · Jul 17, 2026
Moonflow · startuplinks.world · Jun 10, 2026
GroupRaise · blog.groupraise.com · Jun 20, 2025
Vexi · latamlist.com · Apr 30, 2025
Compound Foods · finance.yahoo.com · Apr 23, 2025
Divibank · latamlist.com · Apr 11, 2025
Frequently asked questions
- How many investments has Magma Partners made?
- Magma Partners has 118 tracked investments, including 1 dated in the last 24 months.
- What stage does Magma Partners invest at?
- Magma Partners invests at the Pre-Seed, Seed, Series A, Series B stages.
- What sectors does Magma Partners focus on?
- Magma Partners focuses on B2B Marketplaces, Fintech, InsurTech, Marketplaces, Sector Agnostic.
- Where is Magma Partners located?
- Magma Partners is headquartered in Austin, CL.
- Who does Magma Partners co-invest with?
- Magma Partners most often shares deals with Capria Ventures, 500 Global, Y Combinator, among 136 tracked co-investors.
Media · Podcasts & interviews
featuring the teamVC Connect insights: Pedro Pablo del Campo (Magma Partners) on scaling in LatAm
Lazo Community · Pedro Pablo Del Campo
La historia de Magma Partners, contada por el Co fundador y General Partner Nathan Lustig
Crónicas del Capital · Nathan Lustig
Invirtiendo en Chile desde USA ¡Sin dominar el idioma! |Nathan Lustig 🇺🇸 | Magma Partners | Ep. 129
Fundadores: Podcast de Startups y Emprendimiento. · Nathan Lustig
Obtén CAPITAL para tu Startup con estas Recomendaciones | Nathan Lustig, Magma Partners
Startupeable con Enzo Cavalie · Nathan Lustig
Images
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Co-investors · 34
Latitud is an early-stage investor and community platform connecting Latin American startup talent with Silicon Valley, including a Fellowship program for founders.
Vibe Capital is a $10M venture fund investing in Web3, AI, and Deep Science startups at the pre-seed and seed stage.
Graph Ventures is a venture capital firm founded and run by investors who have backed and built dozens of VC-backed companies over more than a decade, offering founders fundraising connections, scaling advice, and network access.
Parade Ventures is a San Francisco Bay Area venture firm that leads and co-leads seed-stage rounds as a first check into new companies. It targets businesses with recurring revenue, high margins, and repeatable sales models across B2B and consumer categories, connecting portfolio founders with a network of experienced operators.
Space Capital is a venture capital firm investing in the space economy, focusing on GPS, geospatial intelligence, and satellite communications technologies.
Wollef is a venture capital firm active in Latin America, known for partnering closely with founders and providing operational support and network access.
Cometa is a technology investment firm that, since 2012, has backed founders building software, data, and digital companies serving the Spanish-speaking world.
Rebalance Capital Ventures invests in FinTech and WorkforceTech startups. The firm focuses on early-stage companies that advance economic mobility.
Long Journey Ventures is an early-stage venture firm that backs unconventional, 'magically weird' founders and ideas, positioning itself as a hands-on, community-oriented partner to its companies.
Uncork Capital (formerly SoftTech VC) is a seed-stage venture firm that invests early in founders, with a focus on AI-native companies building leverage and scale.
Gradient is a seed-stage venture fund focused on backing founders building artificial intelligence companies, providing hands-on support as builders and mentors.
▶22 more co-investors
Streamlined VenturesGustoBitkraft Esports VenturesHustle FundTribe Capital FirstlookAntlerVine VenturesShaan All AccessMucker CapitalAmadeus Capital PartnersWhite Star CapitalSRB VenturesCanaryAtlanticoMyAsiaVCTrammell Venture Partners (TVP)Katapult AfricaDux CapitalK50 VenturesJiveworldTokai VenturesHawke Ventures
Firms observed investing alongside Magma Partners, from public investor directories. Shared companies are the overlap with Magma Partners's recorded portfolio.
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