At a Glance
Magma Partners was founded in 2014 as both a venture capital firm and startup accelerator, becoming one of Latin America's most prominent early-stage investors. Based in Santiago, Chile, the firm operates a highly regarded accelerator program that has become a gateway for international startups looking to enter Latin American markets and for regional startups seeking to scale globally. Magma Partners focuses on SaaS, fintech, and marketplace companies, typically investing in pre-seed and seed rounds. The firm is known for its hands-on approach, providing extensive mentorship and operational support to portfolio companies. Led by founder Nathan Lustig, who moved from the US to Chile to launch the firm, Magma Partners has built strong bridges between Silicon Valley and Latin American tech ecosystems. The firm's portfolio includes several notable exits and unicorns, including NotCo and Cornershop, demonstrating its ability to identify and scale successful startups in emerging markets. Their accelerator program runs multiple cohorts per year and has become a recognized brand throughout Latin America.
“Focuses on early-stage technology companies in Latin America, particularly SaaS, fintech, and marketplace startups with global expansion potential.”
Magma Partners primarily invests at the Pre-Seed, Seed stages. This means they focus on companies that are at the earliest idea or prototype phase.
Magma Partners is headquartered in Santiago, Chile. Many of their portfolio companies are also based in this region, though they invest across geographies.
Magma Partners focuses on investments in SaaS, Fintech, Marketplace. Their portfolio reflects deep expertise and networks within these sectors.
Magma Partners manages approximately $50M in assets under management (AUM) across their funds.