Santiago, Region Metropolitana, Chile In 2013 was created Magma Partners, which is appeared as VC. The main department of described VC is located in the Santiago. The venture was found in South America in Chile.
The usual things for fund are deals in the range of 100 thousands - 1 million dollars. The fund is constantly included in 2-6 deals per year. Considering the real fund results, this VC is 9 percentage points more often commits exit comparing to other organizations. The average startup value when the investment from Magma Partners is 10-50 millions dollars. The important activity for fund was in 2018.
The standard case for the fund is to invest in rounds with 1-2 partakers. Despite the Magma Partners, startups are often financed by Techstars, Start-Up Chile, Dreamit Ventures. The meaningful sponsors for the fund in investment in the same round are Nathan Lustig, Good Growth Capital, Glasswing Ventures. In the next rounds fund is usually obtained by Y Combinator, Z Nation Lab, Venture University.
Among the most popular portfolio startups of the fund, we may highlight dataPlor, Jooycar, PropertySimple. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. We can highlight the next thriving fund investment areas, such as Artificial Intelligence, SaaS. The fund has exact preference in some founders of portfolio startups. For fund there is no match between the location of its establishment and the land of its numerous investments - United States.
The fund was created by Francisco Su00e1enz Rica, Nathan Lustig. The overall number of key employees were 4.
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Notable deals
| Company | Industry | Round Size | Date | Investors | Location |
Plaza | $1M | 04 Sep 2024 | Sao Paulo, São Paulo, Brazil | ||
LEASY | $28M | 23 Mar 2024 | Lima, Lima, Peru | ||
Kravata | $3M | 07 Mar 2024 | - | ||
Prometeo | $13M | 12 Jan 2024 | Gualeguaychu, Entre Ríos Province, Argentina | ||
Moonflow | $700K | 30 Nov 2023 | Sheridan, Wyoming, United States | ||
Nuvocargo | $36M | 23 Jun 2023 | New York, New York, United States | ||
Yumari | $2M | 15 May 2023 | Mexico City, Mexico | ||
Vexi | $8M | 30 Jan 2023 | Mexico City, Mexico | ||
Flourish Savings | $2M | 29 Nov 2022 | Berkeley, California, United States |
– Divibank is a Sao Paulo, Brazil-based financing platform where LatAm businesses have access to growth capital via revenue-share financing.
– The company closed a $3.6M seed funding round.
– The round was led by Better Tomorrow Ventures (BTV) with participation from Maya Capital, Village Global, Clocktower Ventures, Magma Partners, Gilgamesh Ventures, Rally Cap Ventures, Alumni Ventures Group, Sebastian Mejia (Founder/President of Rappi), Tayo Oviosu (Founder/CEO of Paga), Karim Atiyeh (Founder/CTO of Ramp), Josh Abramowitz and Daniel Simon (founders of Bread).
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| Company | Industry | Round Size | Date | Investors | Location |
Plaza | $1M | 04 Sep 2024 | Sao Paulo, São Paulo, Brazil | ||
LEASY | $28M | 23 Mar 2024 | Lima, Lima, Peru | ||
Kravata | $3M | 07 Mar 2024 | - | ||
Prometeo | $13M | 12 Jan 2024 | Gualeguaychu, Entre Ríos Province, Argentina | ||
Moonflow | $700K | 30 Nov 2023 | Sheridan, Wyoming, United States | ||
Nuvocargo | $36M | 23 Jun 2023 | New York, New York, United States | ||
Yumari | $2M | 15 May 2023 | Mexico City, Mexico | ||
Vexi | $8M | 30 Jan 2023 | Mexico City, Mexico | ||
Flourish Savings | $2M | 29 Nov 2022 | Berkeley, California, United States |
