About Magma Partners
Magma Partners is a venture capital firm founded in 2014. It is primarily based out of Providencia, Chile. As of Jun 2025, Magma Partners is an active investor, having invested in 86 companies, with 4 new investments 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 $***** Series A round of Frente Corretora 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 20 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Deals in last 12 months
Magma Partners' List of Top Investments
Magma Partners has a portfolio of 86 companies. Their most notable investments are in Fanatiz and Simplee.Their portfolio spans across Chile, United States, 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. 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
2. Global66
Global66 is a cross-border money transfer platform. Users enter the amount, personal details and recipient details. They can deposit money at partner banks, transfer online or pay with WebPay. Upon payment confirmation, the money is transferred to the recipient's bank account. The minimum amount to send is $ 20 USD and the maximum amount is $ 20,000 USD.
Key facts about Global66
- Founded Year: 2018
- Location: Santiago (Chile)
- Stage: Series A
- Total Funding till date: $16.2M
- Employee Count: 300 as on Jul 01, 2024
- Investors: Clocktower Ventures, Quona and 6 Others
- Latest Funding Round: Series A, Aug 05, 2021, $*****
- Highlight: Editors' Pick
3. Vexi
App-based credit card provider. Customers need to apply online to be assigned a credit limit, which can be used online as well as offline. The Vexi mobile app allows customers to manage and customize expenses easily, check cut and payment dates, and review details of charges and commissions.
Key facts about Vexi
- Founded Year: 2016
- Location: Mexico City (Mexico)
- Stage: Series A
- Total Funding till date: $32M
- Employee Count: 90 as on Jan 05, 2026
- Investors: Redwood Ventures, Noa Capital Partners and 13 Others
- Latest Funding Round: Conventional Debt, Apr 30, 2025, $*****
- Highlight: Editors' Pick
4. OXIO
Key facts about OXIO
- Founded Year: 2018
- Location: New York City (United States)
- Stage: Series B
- Total Funding till date: $65M
- Employee Count: 68 as on Jul 01, 2024
- Investors: FinTech Collective, ParaFi and 20 Others
- Latest Funding Round: Series B, Mar 16, 2022, $*****
5. Divibank
Divibank is an online platform for revenue-based financing. It provides loans to finance digital marketing campaigns on the basis of revenue sharing. Repayment of loans is done by the percentage of revenue decided. Part of revenues is paid to investors at a pre-established percentage until the original investment has been repaid.
Key facts about Divibank
- Founded Year: 2020
- Location: Sao Paulo (Brazil)
- Stage: Series A
- Total Funding till date: $11.8M
- Employee Count: 37 as on Jul 01, 2024
- Investors: Village Global, Better Tomorrow Ventures and 21 Others
- Latest Funding Round: Series A, Apr 02, 2025, $*****
- Highlight: Editors' Pick
Magma Partners' Year-on-Year Investment Trends
Magma Partners has invested in 86 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. Its most recent first time investment was in Frente Corretora and most recent follow-on round was in Altis.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
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 42 investments in Seed stage with an average round size of $2.57M, 9 investments in Series A stage with an average round size of $11.2M and 2 investments in Conventional Debt stage.Stage of entry | No. of Investments |
|---|---|
Seed | 42 |
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, Vertical SaaS and Financial Services. Notably, it has invested in 73 Tech companies, 51 Enterprise (B2B) companies, 42 Software companies and at least 35 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
FinTech | 29 |
Enterprise Applications | 22 |
Consumer | 16 |
Vertical SaaS | 7 |
Financial Services | 5 |
Others | 49 |
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 | 8 |
Note: We have considered here, only first round of investments
Magma Partners' recent investments
Magma Partners has not made any investment in 2026 so far.Here are the most recent investments by Magma Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 10, 2025 | Brazil | Series A | 8665 | - | |
Apr 17, 2025 | Brazil | Conventional Debt | 9776 | ||
Apr 17, 2025 | Brazil | Seed | 8424 | ||
Apr 02, 2025 | Brazil | Series A | 9954 | ||
Mar 29, 2025 | Mexico | Seed | 6327 | [+4] |
Acquired companies in Magma Partners' Portfolio
1 company from Magma Partners' portfolio has been acquired. The most recent acquisition was QVO in Aug 2019 by Kushki for $*****.Here are Magma Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 08, 2019 | - | - | 9622 |
Team profile of Magma Partners
Magma Partners has a team of 20 members including 5 Partners, 5 Venture Partners and 2 Principals located in Mexico, Chile and 2 more locations. 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 | Santiago | - | ||
Partner | Zapopan | - | ||
Partner | - | - | - | |
Venture Partner | Mexico City | - | ||
Venture Partner | Austin | - | ||
Venture Partner | Napoles | - | - | |
Venture Partner | West Palm Beach | - | ||
Venture Partner | - | - | - | |
Principal | Argentina | - |
Co-investors of Magma Partners
Over the past 12 years, 362 investors have co-invested in Magma Partners's portfolio companies. This includes funds and angels.
- Invested before Magma Partners: Y Combinator, Finnovista and 39 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 Hi Ventures (2 companies).
Recent News related to Magma Partners
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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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Flourish raised a $2.3 million funding round, led by Magma PartnersFlourish•Sep 12, 2024•Flourish, Magma Partners, Xochi Ventures, First Check Ventures and 2 others
