We are beyond excited to welcome Claire Díaz-Ortiz to the Magma Partners team as Partner!
Claire’s career has followed an impressive trajectory starting as an early employee at Twitter, where she was first hired to lead corporate social innovation and famously “got the Pope on Twitter”. Then she used the social media platform to build awareness for AIDS orphans in sub-Saharan Africa, leading to the founding of Hope Runs, a nonprofit organization in Kenya.
She is also an advisor for January Ventures, a US and UK based early-stage venture capital fund that invests in high-growth female-led startups, as well as an investor at Portfolia, an investing community for female investors in the US.
Claire explains that investments in female-founded or co-founded teams increase when more women sit across the table as investors, which seems like an enormous missed opportunity, especially in Latin America where only 8% of VC investing partners are women.
That’s why Claire joins Magma Partners to lead Brava, an initiative that seeks to invest in more female founders in Latin America. Brava, along with other partner funds, is committed to investing in at least 20 female-founded Latin American startups over the next three years.
Brava has already made its first four investments: Jefa, a digital bank for women, The Intern Group, the leading provider of international internship programs across the globe, Prometeo, an open banking platform, and FlickPlay, a multimedia tech company using AR to engage its community.
According to Claire, multiple studies have shown that female-founded companies outperform their all-male counterparts.
“Boston Consulting Group reports that for every dollar a female founder or co-founder raises, she generates 2.5X more revenue than a male founder. First Round Capital’s research held that the female-founded companies it backed performed 63% better than all-male founding teams. The Ewing Marion Kauffman Foundation’s report showed that return on investment from women-led teams is 35% higher than their all-male counterparts,” Claire stated.
AllRaise, a nonprofit promoting women in VC, also discovered that companies with female co-founders exit at least one year faster than the rest of the market.
Welcome to the team, Claire!