About Magma Partners
Magma Partners is a venture capital firm founded in 2014. It is primarily based out of Providencia, Chile. As of Jun 2026, Magma Partners is an active investor, having invested in 87 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Consumer. Most recently it participated in the $***** Seed round of Bianca Overall, Magma Partners portfolio has seen 2 acquisitions, namely Jefa. A lot of funds co-invest with Magma Partners, with names like Latitud sharing a substantial percentage of its portfolio. Magma Partners has team of 14 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Deals in last 12 months
Magma Partners' List of Top Investments
Magma Partners has a portfolio of 87 companies. Their most notable investments are in Simplee and PayMon.Their portfolio spans across United States, Chile, Mexico and 10 more locations. They have invested in Enterprise Applications, FinTech, Consumer and 25 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Magma Partners:
1. OXIO
Key facts about OXIO
- Founded Year: 2018
- Location: New York City (United States)
- Stage: Series B
- Total Funding till date: $65M
- Employee Count: 102 as on Jul 31, 2026
- Investors: F-Prime Capital, ParaFi and 21 Others
- Latest Funding Round: Series B, 2024, $*****
2. Nuvocargo
Tech-enabled freight forwarding service provider. It is a tech-enabled freight forwarder & customs broker, primarily focussing on cross-border transportation. Through the online platform, users can provide logistics requirements, receive & book quotes as well as manage & track services in real time.
Key facts about Nuvocargo
- Founded Year: 2018
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $75.6M
- Employee Count: 71 as on Jul 31, 2026
- Investors: QED Investors, NFX and 30 Others
- Latest Funding Round: Series B, Jun 27, 2023, $*****
- Highlight: Editors' Pick
3. albo
Internet first bank offering retail and business banking. It offers financial services like personal accounts, business accounts, debit cards, payments, credit cards, loans, and more. It also offers solutions for buying and selling cryptocurrency. Its app is available for Android and iOS users.
Key facts about albo
- Founded Year: 2016
- Location: Cuauhtemoc (Mexico)
- Stage: Series C
- Total Funding till date: $111M
- Employee Count: 209 as on May 31, 2026
- Investors: Valar Ventures, Greyhound Capital and 16 Others
- Latest Funding Round: Conventional Debt, Oct 22, 2024, $*****
- Highlight: Editors' Pick
4. R2
Provider of merchant financing solutions. It provides API-enabled revenue-based financing solutions. It helps in increasing capital retention. It also offers B2B buy now and pay later solutions.
Key facts about R2
5. Grupo R5
Online platform for consumer loans and car insurance. It offers auto loans, and car title loans with loan amounts based on the vehicle condition and user income, loans can be used for various purposes including debt refinance, home renovation, emergencies, purchase of used vehicles, and more. It provides loans with multiple terms, interest rates, and loan amounts based on the user's profile.
Key facts about Grupo R5
- Founded Year: 2018
- Location: Bogota (Colombia)
- Stage: Series A
- Total Funding till date: $7M
- Employee Count: 101 as on Jul 31, 2026
- Investors: Global Founders Capital, Actions Capital and 7 Others
- Latest Funding Round: Conventional Debt, Oct 25, 2023, $*****
- Highlight: Editors' Pick
Magma Partners' Year-on-Year Investment Trends
Magma Partners has invested in 87 companies over the last 12 years, with an average of 5 new investments annually in the last 10 years. In 2025, it made 7 investments, while as of Jun 2026, it has made 1 investment in this year. Its most recent first time investment was in Bianca and most recent follow-on round was in Altis.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 5 | 2 | 7 |
2024 | 2 | 2 | 4 |
2023 | 3 | 3 | 6 |
2022 | 14 | 2 | 16 |
2021 | 12 | 4 | 16 |
2020 | 7 | 0 | 7 |
2019 | 2 | 0 | 2 |
2018 | 3 | 2 | 5 |
2017 | 3 | 1 | 4 |
Magma Partners' Investments by Stage
Magma Partners has made 43 investments in Seed stage with an average round size of $2.51M, 9 investments in Series A stage with an average round size of $11.3M and 2 investments in Conventional Debt stage.Stage of entry | No. of Investments |
|---|---|
Seed | 43 |
Series A | 9 |
Conventional Debt | 2 |
Note: We have considered here, only first round of investments
Magma Partners' Investments by Sector
Magma Partners has a diverse portfolio, with companies operating in the FinTech, Enterprise Applications, Consumer, Financial Services and Vertical SaaS. Notably, it has invested in 74 Tech companies, 52 Enterprise (B2B) companies, 44 Software companies and at least 35 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
FinTech | 29 |
Enterprise Applications | 24 |
Consumer | 16 |
Financial Services | 7 |
Vertical SaaS | 7 |
Others | 50 |
Note: We have considered here, only first round of investments
Magma Partners' Investments by Geography
Magma Partners has made most investments in United States (14), followed by Mexico where it has made 13 investments.Country | No. of Investments |
|---|---|
United States | 14 |
Mexico | 13 |
Colombia | 7 |
Chile | 6 |
Brazil | 5 |
Others | 9 |
Note: We have considered here, only first round of investments
Magma Partners' recent investments
Magma Partners has made 1 investments in 2026 so far - Bianca.Here are the most recent investments by Magma Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 30, 2026 | Argentina | Seed | 2973 | ||
Jun 10, 2025 | Brazil | Series A | 7219 | - | |
Apr 17, 2025 | Brazil | Conventional Debt | 4777 | ||
Apr 17, 2025 | Brazil | Seed | 2403 | ||
Apr 02, 2025 | Brazil | Series A | 2531 |
Acquired companies in Magma Partners' Portfolio
2 companies from Magma Partners' portfolio have been acquired. The most recent acquisition was Jefa in Apr 2025 by Tala for $*****.Here are Magma Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 18, 2025 | Nov 26, 2021 | Seed | 6231 | |
Aug 08, 2019 | - | - | 9285 |
Team profile of Magma Partners
Magma Partners has a team of 14 members including 3 Partners, 3 Venture Partners and 1 Principal located in Mexico, Chile and 1 more location. Magma Partners' team does not sit on the board of any company as of now.Here is a list of top team members in Magma Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Chile | - | ||
Partner | Chile | - | ||
Partner | Zapopan | - | ||
Venture Partner | Napoles | - | - | |
Venture Partner | West Palm Beach | - | ||
Venture Partner | - | - | - | |
Principal | - | - | - |
Co-investors of Magma Partners
Over the past 12 years, 363 investors have co-invested in Magma Partners's portfolio companies. This includes funds and angels.
- Invested before Magma Partners: Y Combinator, Finnovista and 40 others have invested in rounds before Magma Partners. There are 3 companies where Y Combinator has invested before Magma Partners and 2 companies where Finnovista has invested before Magma Partners.
- Top Co-investors of Magma Partners: 184 investors entered a company along with Magma Partners. These include investors like Latitud (6 companies).
- Invested after Magma Partners: A total of 137 investors have invested in Magma Partners's portfolio after their investments. Top Investors include Soma Capital (3 companies), Y Combinator (3 companies) and Tiger Global Management (2 companies).
Recent News related to Magma Partners
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Bianca Secures $500K Pre-Seed Funding to Enhance AI Commercial Intelligence PlatformThe SaaS News•Jul 01, 2026•Magma Partners, MatterScale
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Altis Secures $2.6M in Funding from Magma Partners and LatitudLatamList•Apr 18, 2025•Altis, Latitud, Magma Partners
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Divibank raises US$8.2 million to expand payment orchestration platformFinsidersbrasil•Apr 02, 2025•Antler, Rally Cap VC, Gilgamesh, Magma Partners and 7 others
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Yavendió raises $850K pre-seed roundLatamList•Feb 28, 2025•Magma Partners, iThink VC, Semilla Ventures, Yavendió
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PayMon raises $600K pre-seed round led by Magma PartnersLatamList•Jan 21, 2025•PayMon, Magma Partners, BuenTrip Ventures, Pygma
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Influur Raises $10m Series A To Fuel Influencer Marketing InnovationRefresh Miami•Nov 14, 2024•Influur, HTwenty, Point72 Ventures, Magma Partners and 7 others
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