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The Venture Codex

Overview

Early-stage venture capital firm for Latin American startups.

Founded

2014

Deals · 12mo

2

Stage focus

Seed

Geographic focus

Brazil
Israel
Mexico
Peru
...

Sector focus

Finance
Financial Services
FinTech
Venture Capital

Investment portfolio

29rounds
NAMEDATESIZE
Bianca AI
Jul 2026Led
$0.50 MSeed
MisCausas.io
May 2026Participated
$9 MOther Equity
Nufi
Apr 2025Led
$2 MSeed
Plaza
Sep 2024Led
$1 MSeed
LEASY
Mar 2024Led
$28 MSeries A
Kravata
Mar 2024Participated
$4 MSeed
Prometeo
Jan 2024Participated
$13 MSeries A
Moonflow
Dec 2023Participated
$0.70 MSeed
Nuvocargo
Jul 2023Participated
$37 MSeries B
FZ Sports
Jun 2023Participated
$74 MOther Equity
Vexi
Feb 2023Led
$8 MSeries A
Zenfi
Jan 2023Led
$9 MOther Equity
Bianca AI
Jul 2026Led
$0.50 MSeed
MisCausas.io
May 2026Participated
$9 MOther Equity
Nufi
Apr 2025Led
$2 MSeed
Plaza
Sep 2024Led
$1 MSeed
LEASY
Mar 2024Led
$28 MSeries A
Kravata
Mar 2024Participated
$4 MSeed
Prometeo
Jan 2024Participated
$13 MSeries A
Moonflow
Dec 2023Participated
$0.70 MSeed
Nuvocargo
Jul 2023Participated
$37 MSeries B
FZ Sports
Jun 2023Participated
$74 MOther Equity
Vexi
Feb 2023Led
$8 MSeries A
Zenfi
Jan 2023Led
$9 MOther Equity
29
Items
...
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Insights

Time horizon

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Deal Distribution

Magma Partners: 29 funding rounds are recorded in the selected participation categories.All available history.
Magma Partners: 29 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed613
Series A21
Series B01
Other Equity13
Debt02

Monthly Deal Activity

Magma Partners: 29 deals are recorded across 93 months.All available history.
Magma Partners: 29 deals are recorded across 93 months. All available history
MonthDeals
Feb '191
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '191
Nov '190
Dec '190
Jan '201
Feb '200
Mar '200
Apr '201
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '201
Jan '210
Feb '211
Mar '210
Apr '210
May '211
Jun '210
Jul '211
Aug '210
Sep '210
Oct '210
Nov '211
Dec '211
Jan '220
Feb '221
Mar '220
Apr '223
May '220
Jun '220
Jul '220
Aug '220
Sep '221
Oct '220
Nov '222
Dec '220
Jan '231
Feb '231
Mar '230
Apr '230
May '230
Jun '231
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '231
Jan '241
Feb '240
Mar '242
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '261
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Magma Partners: Fintech is the largest displayed sector by deal count (15 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Magma Partners: Fintech is the largest displayed sector by deal count (15 deals). All available history
SectorDeals
Fintech15
Cybersecurity & Privacy5
Data, Analytics & IT5
Enterprise Software3
Transportation & Logistics3
Networks, Cloud & Communication3
Health & Life Sciences3
Social & Community Platforms3
Real Estate & Construction2
Consumer & Lifestyle2
Media & Entertainment2
AI & Machine Learning2
Professional Services2
E-Commerce & Retail1
Crypto & Blockchain1
Marketing & Advertising1
Developer Tools1

Deal Size Distribution

Magma Partners: 29 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Magma Partners: 29 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M13
$5M-$10M9
$10M-$25M3
$25M-$50M3
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Magma Partners: Mexico has the largest recorded deal count among the displayed regions (9 deals).All available history.

Top 10 of 10 regions; European countries are grouped as Europe.

Magma Partners: Mexico has the largest recorded deal count among the displayed regions (9 deals). All available history
RegionDeals
Mexico9
United States8
Colombia2
Brazil2
Peru2
Israel2
Argentina1
Bolivia1
Europe1
Uruguay1
Magma Partners: 20 co-investors are shown, with ALLVP sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

Magma Partners: Led accounts for 31% and participating for 69% of round participation.All available history.
Magma Partners: Led accounts for 31% and participating for 69% of round participation. All available history
CategoryDeals (count)Share (%)
Led931%
Participating2069%
Magma Partners: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
Magma Partners: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead667%
Co-led333%

Team

Mak Gutierrez

Partner Infrastructure

Nabil Meralli

Venture Partner

Nathan Lustig

Managing Partner and Co-Founder

Paolo Rizzi

Magma Mexico