# Magma Partners

Magma Partners is a Venture Capital based in Santiago, Chile.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Santiago, Chile
- **Region:** Latin America
- **Address:** Santiago, Chile
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** magmapartners.com
- **LinkedIn:** https://www.linkedin.com/company/magma-partners

## Regulatory record

- **Reports private funds:** No

## About

Magma Partners backs founders solving Latin America’s biggest problems while generating top tier returns for our LPs. Since 2014, we've invested in 100+ companies from teams all across Latin America including Kushki, Billpocket, Frete, Nuvocargo, and many more.

## Sectors

- Enterprise Software
- FinTech
- InsurTech
- PropTech
- AgriTech & FoodTech
- AI/ML

## People

- Nathan Lustig — Managing Partner
- Diego Philippi — Managing Partner

## Questions

### Who runs investment decisions at Magma Partners?

Investment decisions are led by Managing Partners Nathan Lustig and Diego Philippi, who co-founded the firm in 2014. Both partners are actively involved in sourcing, due diligence, and portfolio support across the firm's Latin American and US-facing vehicles.

### How does Magma Partners source deals across such a large geographic footprint?

Magma relies on a network of in-country operators, accelerators, and prior founders across Chile, Mexico, and Colombia. The firm's US bridge fund also serves as a sourcing mechanism — startups expanding into Latin America often become aware of Magma through the US ecosystem, and the firm's regional presence gives it early visibility into companies bootstrapping outside of major tech hubs.

### Does Magma run a single fund or multiple vehicles?

Magma operates at least two distinct vehicles: a core Latin America-focused seed fund targeting Spanish-speaking markets, and a separate US bridge fund that invests in American companies selling into Latin America. This dual structure is central to its cross-border thesis and deal-sourcing advantage.

### Which sectors does Magma Partners prioritize in Latin America?

The firm favors sectors where Latin American economies have structural demand and where US technology models transfer with adaptation: enterprise software, fintech, insurtech, proptech, and agritech. Rather than backing consumer-marketplace plays, Magma gravitates toward B2B companies solving distribution, payments, and logistics inefficiencies across the region.

### How is Magma Partners separate from US venture firms that occasionally invest in Latin America?

Unlike US firms making opportunistic Latin American bets, Magma maintains its primary office in Santiago and its investment team lives in-region. This local presence informs underwriting of regulatory, currency, and go-to-market risks that remote investors often miss — a structural advantage the firm highlights when competing for allocations from the best local founders.

## Related profiles

- [Magic Ventures](https://altss.com/profile/magic-ventures)
- [Magnesium Capital](https://altss.com/profile/magnesium-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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