Magma Partners invests in Mexico’s professional beauty industry with Círculo de Belleza
We led a Seed round in Círculo de Belleza to support their mission to bring top-quality products to beauty professionals in Latin America.
Base Operations is a security and risk management platform that helps people navigate emerging market cities with high crime rates and limited access to security data.
Through intuitive heat maps, safe routing, check-ins, and geofenced alerts that mitigate risk, Base Operations helps keep global workforces safe and connected as businesses become more globalized. Founded in 2018 by Cory Siskind and Nick Gomez, Base Operations has its headquarters in Washington DC.
Magma Partners invested in the risk management startup to help the company’s sales and marketing efforts and continue its R&D.
The travel risk management market has a value of $11B and is growing 10% annually as companies expand operations internationally.
The startup operates in 12 Latin American cities including Mexico City and expects to expand into Africa, Asian, US, and European cities by early 2020. Base Operations is currently also participating in a paid pilot program with Enel in Rio de Janeiro.