Magma Partners
300 Deschutes Way SW Ste 304, Tumwater, Washington, 98501, United States
Overview
Magma Partners is an early-stage stage venture capital firm that helps the best Latin American entrepreneurs launch and scale in the US market. They focus on fintech, insurance tech, and blockchain startups in Latin America, and global startups with Latin American tech teams that target the US market. Magma Partners has offices in California, Colombia, Mexico, and China, with its headquarters in Santiago, Chile. Since 2014, Magma Partners has invested in 38 companies across Chile, USA, Mexico, Colombia, Peru, Argentina, Puerto Rico, and Costa Rica. They currently investing through their second fund, Magma Fund II, a US$15M fundraised from partners in Chile, the US, and China. Magma Partners also manages the Sino-Latin American accelerator, a program designed to help Chinese entrepreneurs do business in Latin America, and vice versa.
- Total investments
- 29
- Lead investments
- 9
- Investments · 12mo
- 2
- Active investors
- 8
Sector focus
- Finance
- Financial Services
- FinTech
- Venture Capital
Investment portfolio
- Bianca AI
Led · Seed · Jul 2026
Bianca AI provides a platform that integrates internal sources (ERP, distributor systems, Nielsen) and external market signals to identify commercial risks and opportunities before they appear in traditional reports. The product delivers actionable insights to commercial teams via web and mobile tools designed for field execution. Bianca operates in the United States, Argentina, Mexico and Peru and works with major consumer goods companies; customers reportedly see on average a 14% uplift in sales and an 8% improvement in point-of-sale activation. The company was founded by Nicolás Casaux, Nicolás de Leon and Ramiro Godfrid and is headquartered in Buenos Aires. Bianca plans to use its new pre-seed funding to expand further into the U.S. and Mexico, enhance its AI capabilities, and launch additional platform features aimed at commercial execution.
- MisCausas.io
Participated · Equity · May 2026
Founded in 2019, MisCausas.io operates a freemium LegalTech marketplace that uses AI to match users to lawyers with a reported 90% matching accuracy. The platform handles civil, labor and family legal cases and reports 150,000 registered users across Chile, Peru and Colombia. Its hybrid revenue model includes individual subscriptions ($9–49/month), SME plans ($99/month) and 15–20% commissions for lawyers. In 2025 it reported $2.8M in revenue with 150% year-over-year growth and projects over $5M for 2026. Strategic partnerships—including API integration with the Chilean Poder Judicial (2024) and collaborations like BancoEstado credits for legal services—have driven significant user acquisition and created regulatory moats. The company positions itself for regional expansion and continued monetization of volume-driven subscription and commission revenue.
- Nufi
Led · Seed · Apr 2025
Nufi provides AI-powered identity verification and comprehensive background-check solutions for individuals and companies. Customers can verify identities using a photo of the INE ID or by entering basic personal details; the platform leverages more than 100 data sources including CURP, RFC, judicial records, and social media. The product supports both individual and business registration checks and targets banks, fintechs, insurers, proptechs and HR firms. Nufi serves over 330 B2B clients. The company raised $1.5M in seed funding and will use the proceeds to expand national coverage, enhance document processing and business-registration products, and continue improving its identity verification technology. Nufi is headquartered in Monterrey, Mexico.
- Plaza
Led · Seed · Sep 2024
Plaza, founded in 2023 by Julio Viana, Pedro de Cicco, and Vicente Alencar, is a São Paulo, Brazil–based startup that empowers real estate brokerages through artificial intelligence. Its core product is an AI chatbot named Maya which qualifies leads, responds to inquiries, schedules visits, and validates documents for agencies. Plaza serves clients in Brazil including Remax, Zelo Imóveis, and Lopes Condessa and has recorded over 30,000 interactions this year between potential tenants and real estate agencies. The company raised $1.0M in pre-seed funding and plans to use the proceeds to enhance its artificial intelligence capabilities. Plaza's product focuses on optimizing appointment scheduling, response times, and lead qualification to improve brokerage efficiency.
- LEASY
Led · Series A · Mar 2024
Leasy is a Peruvian fintech offering subscription-based financing to ride-hailing drivers. The company’s core product is a subscription model that provides vehicle financing and it plans to develop new financing options for different vehicle types. Leasy will use the $28M Series A (a mix of equity and debt) to expand operations in Mexico and Peru. Investors in the round include Magma Partners (lead), Entangle Group, DeBa Ventures, Noa Capital, and Grupo CAPEM. The company plans to provide over 500 individual loans in Peru and monthly loan originations of $1M–$1.5M in Mexico. In 2023 Leasy reported a significant increase in loan placements and revenue in Peru while maintaining profitability, which attracted investor interest. Leasy offers automobile financing to Latin American ride-hailing drivers via a subscription-style financing model that includes insurance, simple payments and flexible return terms. The company uses a driver-facing app for payment transparency and is integrated with Uber APIs for background and driving checks. Leasy has developed predictive analytics plans to estimate default risk and provide drivers with operational insights like fuel and earnings. It claims interest rates far below traditional banks, a 5% down payment requirement, and rental-market‑matching pricing. The startup reports it has been profitable (positive net income and EBITDA) since month one and saw 170% revenue growth in 2021 versus 2020. To date it has underwritten over 370 loan contracts, has a waiting list of more than 1,500 people, and reports a roughly 1% churn/default rate. The new capital will be used to scale faster and expand beyond Peru to Mexico, then Colombia and Chile.