Magma Portfolio
Magma Partners leads pre-seed round for Plaza
We’re thrilled to lead Plaza's pre-seed round and support he entire Plaza team in their mission to empower real estate brokerages with AI assistants.
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.
Base Operations recently competed with the Techstars Impact Accelerator Program and is backed by leading VC firms like Glasswing Ventures and Spero Ventures.
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.
