Magma Partners raises US$15M fund to support startups in Latin America

Magma Partners‘ co-founder and Managing Partner, Nathan Lustig, believes “talent is evenly distributed, but opportunity isn’t.” Lustig, alongside Francisco Saenz and Diego Philippi, founded Magma Partners in 2014 to provide pre-seed and early-seed stage funding to startups based in Latin America, but serving a US audience.

Since 2014, Magma Partners has invested between US$25K and US$2M in 32 early-stage companies with founders from 10 different countries. In early February 2017, they announced the close of a second US$15M fund, Magma Fund II, that will help them invest in 60 startups over the next three years. This fund will focus on fintech and blockchain ventures that help build sustainable businesses with Latin American teams.

Magma’s portfolio is has grown quickly and has already generated over US$15M in revenue. They have offices across Latin America, in China, and in the United States.

Magma also announced the opening of a Sino-Latin American accelerator in partnership with Kr Space. Read more about that announcement on Latam List or Deal Street Asia.

Further coverage of Magma Fund II announcement can be found here:

Nathan Lustig’s personal blog

ImpactAlpha announcement


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