Magma Partners

Investor type Venture Capital
Founders Diego Philippi Francisco Su00e1enz Rica Nathan Lustig

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 89
Average round size
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The average size of a deal this fund participated in
$2M
Portfolio companies 67
Rounds per year 11.12
Lead investments 17
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.22
Exits 2
Key employees 4
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Financial Services
  • FinTech
  • Software
  • Banking
  • SaaS
Summary

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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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Magma Partners:
Typical Co-investors
Magma Partners is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Magma Partners:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Mendel

Financial Services
Information Technology
Software
$15M02 Dec 2021 -

Jefa

Banking
Financial Services
FinTech
$2M26 Nov 2021 New York, New York, United States

Vexi

Finance
Financial Services
$25M01 Nov 2021 Mexico City, Mexico

Compound Foods

Coffee
Food and Beverage
31 Aug 2021 San Francisco, California, United States

Quansa

Employee Benefits
Finance
Financial Services
$3M28 Jul 2021 São Paulo, São Paulo, Brazil

Levo

Financial Services
FinTech
21 Jul 2021 Mexico City, Distrito Federal, Mexico

Plerk

Employee Benefits
Enterprise Software
Financial Services
FinTech
Human Resources
Wellness
$1M13 Jul 2021 Guadalajara, Jalisco, Mexico

Yana

Health Care
Information Technology
Messaging
Wellness
$315K14 Jun 2021 Mexico City, Distrito Federal, Mexico

Zenda.la

FinTech
InsurTech
$2M09 Jun 2021 Mexico, Veracruz, Mexico
News
Divibank Raises $3.6M in Seed Funding

– 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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