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Magma Partners

North America, Washington, United States, Tumwater

Description

Magma Partners is an early-stage venture capital firm headquartered in Tumwater, Washington, with a dedicated focus on the burgeoning startup ecosystem across Latin America. Established with the mission to empower promising entrepreneurs in the region, Magma Partners primarily targets pre-seed and seed-stage companies. Their strategic presence and deep understanding of the local markets position them as a crucial early supporter for founders building innovative solutions in a diverse array of sectors, including fintech, SaaS, e-commerce, and logistics.

The firm's investment philosophy extends beyond mere capital injection. Magma Partners aims to be the first institutional check for many of its portfolio companies, providing not only essential funding but also invaluable mentorship, strategic guidance, and access to a robust network of mentors, investors, and potential partners. They are known for their hands-on approach, helping startups navigate the challenges of scaling in Latin America and preparing them for subsequent funding rounds. Typically, their initial investment check ranges from $50,000 to $500,000, reflecting their commitment to supporting companies at their earliest, most critical stages of development.

Magma Partners has built an impressive track record, having invested in over 100 companies across Latin America since its inception. This extensive portfolio underscores their significant impact on the region's entrepreneurial landscape. The firm has consistently demonstrated its ability to raise substantial capital to fuel its investment activities, notably closing its fourth fund, Magma Partners Fund IV, at $50 million in 2022. This substantial fund size enables them to continue their mission of identifying and nurturing high-potential startups, further solidifying their position as a leading early-stage investor in Latin America.

Investor Profile

Magma Partners has backed more than 121 startups, with 8 new investments in the last 12 months alone. The firm has led 41 rounds, about 34% of its total and boasts 5 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Pre Seed, Series A rounds (top funding stages).
  • Majority of deals are located in Mexico, United States, Chile.
  • Strong thematic focus on Financial Services, FinTech, Software.
  • Led 6 rounds in the past year.
  • Typical check size: $50K – $500K.

Stage Focus

  • Seed (58%)
  • Pre Seed (26%)
  • Series A (12%)
  • Series Unknown (2%)
  • Series B (2%)
  • Debt Financing (1%)

Country Focus

  • Mexico (32%)
  • United States (25%)
  • Chile (15%)
  • Colombia (9%)
  • Brazil (5%)
  • Peru (3%)
  • Ecuador (2%)
  • Uruguay (2%)
  • Argentina (2%)
  • United Kingdom (2%)

Industry Focus

  • Financial Services
  • Fintech
  • Software
  • Banking
  • Saas
  • E-commerce
  • Payments
  • Information Technology
  • Finance
  • Internet
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Magma Partners frequently co-invest with?

Better Tomorrow Ventures
North America, California, United States, San Francisco
Co-Investments: 4
Alpha4 Ventures
North America, Ohio, United States, Delaware
Co-Investments: 4
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 9
Clocktower Technology Ventures
North America, California, United States, Santa Monica
Co-Investments: 6
Latitud
South America, Sao Paulo, Brazil, São Paulo
Co-Investments: 7
Duro Ventures
North America, California, United States, San Francisco
Co-Investments: 5
Unpopular Ventures
North America, California, United States, San Francisco
Co-Investments: 5
Hi Ventures
North America, Distrito Federal, Mexico, Mexico City
Co-Investments: 4
MAYA Capital
South America, Sao Paulo, Brazil, São Paulo
Co-Investments: 7
One Way Ventures
North America, Massachusetts, United States, Boston
Co-Investments: 4

Which angels does Magma Partners often collaborate with?

KA
North America, New York, United States, New York
Shared Deals: 2
Javier Diaz Evans
South America, Distrito Especial, Colombia, Bogotá
Shared Deals: 2
BR
North America, California, United States
Shared Deals: 3
Claire Diaz-Ortiz
South America, Distrito Federal, Argentina, Buenos Aires
Shared Deals: 4
Nathan Lustig
South America, Region Metropolitana, Chile, Santiago
Shared Deals: 3
JY
North America, California, United States, San Francisco
Shared Deals: 1
LB
North America, California, United States, Los Angeles
Shared Deals: 2
AB
North America, United States
Shared Deals: 1
Florian Hagenbuch
South America, Sao Paulo, Brazil
Shared Deals: 2
SV
North America, California, United States, Los Angeles
Shared Deals: 3

What are some of recent deals done by Magma Partners?

Frente

São Paulo, Sao Paulo, Brazil

Frente Corretora de Câmbio is a digital platform that offers currency exchange services.

Financial ExchangesFinancial ServicesFinTech
Series AJun 17, 2025
Amount Raised: $5,500,000
Altis

São Paulo, Sao Paulo, Brazil

Altis is a fintech infrastructure platform that uses key partners and cutting-edge technology to make credit accessible.

Bookkeeping and PayrollCreditFinancial ServicesFinTechPersonal FinanceSaaS
SeedApr 17, 2025
Amount Raised: $2,547,468
Divibank

São Paulo, Sao Paulo, Brazil

Divibank is a financing platform offering businesses access to growth capital.

BankingFinancial Services
Series UnknownApr 2, 2025
Amount Raised: $8,200,000
Nufi

Monterrey, Nuevo Leon, Mexico

Nufi verifies businesses and people instantly to build trust in Latin America

Financial ServicesFinTechInformation TechnologySoftware
SeedApr 2, 2025
Amount Raised: $1,500,000
YaVendió

Mexico City, Distrito Federal, Mexico

AI Sales Reps for LATAM SMBs selling impulse-buy products via social media. From chat to checkout, boosting sales by 34% at 20% of the cost.

Artificial Intelligence (AI)E-CommerceNatural Language ProcessingSales AutomationSoftware
Pre SeedFeb 27, 2025
Amount Raised: $850,000
PayMon

Mexico City, Distrito Federal, Mexico

PayMon integrates an ERP software with a user-friendly digital wallet for seamless payment processing, top-ups, and much more.

EdTechEnterprise SoftwareFinancial ServicesFinTechMobile Payments
Pre SeedJan 20, 2025
Amount Raised: $600,000
Influur

Miami, Florida, United States

Influur is a professional networking platform that connects influencers with brands to facilitate marketing collaborations.

AdvertisingContent CreatorsMarketingSocial Media
Series ANov 14, 2024
Amount Raised: $10,000,000
Plaza

São Paulo, Sao Paulo, Brazil

Plaza is a tailored and exclusive pre-attendant for the real estate brokerage.

FinanceReal Estate
Pre SeedSep 4, 2024
Amount Raised: $974,573
LEASY

Lima, Lima, Peru

Leasy is a FinTech platform that provides automobile financing to ride-hailing drivers through a subscription model.

Financial ServicesFinTechSubscription Service
Series AMar 23, 2024
Amount Raised: $28,000,000
Kravata

Bogotá, Distrito Especial, Colombia

Latam Crypto-as-a-Service

BlockchainCryptocurrencyIT InfrastructurePaymentsSoftware
SeedMar 7, 2024
Amount Raised: $3,600,000