Magma Partners

2014

Founded

98

Investments

Chile

Offices

Venture Fund

Investor Type

About

Magma Partners is an early-stage venture capital firm founded in 2014 by Nathan Lustig, Francisco Sáenz, and Diego Philippi. Headquartered in Santiago, Chile, the firm specializes in investing in top entrepreneurs across Latin America, focusing on scalable technology businesses that address the region's most pressing challenges. With over $80 million invested in more than 125 startups, Magma Partners has a diverse portfolio spanning fintech, insurtech, marketplaces, and other sectors.

The firm's investment approach ranges from pre-seed to Series A stages, aiming to support founders in building successful ventures. Notable portfolio companies include Nuvocargo, Billpocket, and Kushki. The team comprises experienced entrepreneurs and early employees from both Silicon Valley and Latin America, providing hands-on support to portfolio companies.

Magma Partners operates offices in Mexico, Chile, Colombia, Argentina, and the United States, reflecting its commitment to fostering innovation throughout the Americas.

Portfolio Companies

Nuvocargo, Billpocket, Kushki, Fanatiz, YanaApp, Yave, Yumari, ZelaZela, Zenda.la, Zenfi

Gepgraphic Focus

Latin America, United States

Key Differentiators

Generalist Fund, Focus on Latin American Entrepreneurs, Support from Pre-seed to Series A, Hands-on Support from Experienced Team

Thypical Investment Size

$25,000 to $2,000,000

Total Funds Raised

$80 million+

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Advertising (AdTech)

Creator Economy

Enterprise

Productivity Tools

SaaS

Software

Seed

Series A

Series B

Chile