Magma Partners
Venture capitalAustin · Pre-Seed–Series B · 25 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 · 25 people
from the firm's website & public directories
What they invest in
from 22 of 125 portfolio companiesEnterprise Software ×11Fintech ×11SaaS ×6AI & Machine Learning ×4Cybersecurity ×3Data & Infrastructure ×3Consumer ×2Healthtech ×2
HQs:United States×8Mexico×7Colombia×3Brazil×1Chile×1Peru×1
Investments · 125 tracked
founders shown can be your intro pathSan Francisco, US
Nathan Lustig(Director)Jessica Eting(Executive Officer, Director)Pedro Moura(Executive Officer, Director)
Board seatNathan Lustig· per SEC Form D · $4.2M raise · filed Oct 2022
Sedona, US
Adrian Fisher(Executive Officer, Director, Promoter)Kenneth Dennis(Director)Nathan Lustig(Director, Promoter)
Board seatNathan Lustig· per SEC Form D
Base Operations provides threat intelligence and risk assessment software for corporate security teams, delivering standardized risk metrics (BaseScore) and location-specific security data at sub-mile granularity for global portfolios.
CybersecurityData & InfrastructureEnterprise Software
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
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
A modular logistics operating system that unifies WhatsApp chats, spreadsheets, and legacy ERPs to provide real-time visibility, orchestration, and automated decision-making.
A digital freight platform connecting shippers with carriers and truckers, streamlining import and export in the Andean region.
Latin American live sports streaming service that lets fans watch soccer games online.
Increases access to fertility treatment in Latin America by providing financing and improving the patient experience.
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
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
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)inJorge Benitez(Director)Benjamin Ignacio Labra Zelaya(Executive Officer, Director)Jonathan Lewy(Director)Hatim Khety(Director)
BambooHR is an AI-powered HR platform that consolidates employee data, payroll, time tracking, benefits, hiring, and performance management in a single system.
Enterprise SoftwareHR TechSaaS
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)
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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.
Frequently asked questions
- 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.
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 · 33
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 (Vibecap) is a venture firm investing in AI, Web3, and deep tech startups, aiming to back founders building more equitable, transparent, and accessible structures.
Graph Ventures is an investor founded and run by experienced entrepreneurs who have invested in and founded dozens of VC-backed companies, offering founders introductions, scaling advice, and market-entry support.
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.
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 is a seed-stage venture firm that backs founders at the earliest stage, before their potential is widely recognized.
Streamlined Ventures is an early-stage venture firm that partners with founders and invests at the seed stage to help build large-scale companies.
Gusto is a US-focused payroll, benefits, HR and compliance software platform for small businesses, offering an accountant partner program (Gusto Pro) with a multi-client dashboard and revenue share.
▶21 more co-investors
Bitkraft Esports VenturesHustle FundTribe Capital FirstlookAntlerVine VenturesShaan All AccessMucker CapitalAmadeus Capital PartnersWhite Star CapitalSRB VenturesCanaryAtlanticoCometaMyAsiaVCTrammell 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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