Chile

Magma Portfolio

Magma Partners Invests in Chilean PropTech Houm

May 8, 2020

February 23, 2021

Houm is a platform for property owners to advertise their properties through an online marketplace. Potential tenants can book a virtual tour of a property through the platform, and after deciding on a place

Magma Portfolio

Jooycar raises US$3M from HCS Capital

October 19, 2018

February 23, 2021

By: Nathan Lustig

Jooycar is bringing the Usage-Based Insurance model to Latin America. Through a small device that plugs into your car, Jooycar has access to each vehicle’s usage metrics, which individuals and insurance companies can view through an app.

Magma Portfolio

Magma Partners invests in Chilean sports-streaming startup, Fanatiz

October 1, 2018

February 23, 2021

By: Nathan Lustig

Fanatiz lets you keep up with Latin American football leagues from anywhere in the world. The service currently offers coverage of the Libertadores and Sudamericana Cups, and soccer leagues from Argentina, Brazil, Chile, Mexico, and Peru.

Magma Portfolio

Magma Partners Invests in CryptoMkt

July 10, 2018

February 23, 2021

By: Nathan Lustig

CryptoMkt is one of Latin America’s fastest-growing cryptocurrency exchange platforms. Using blockchain technology, CryptoMkt helps people to exchange bitcoin for national currencies across Latin America.

Updates

Magma Partners at the Santiago Google Cloud Summit

May 3, 2018

February 23, 2021

By: Nathan Lustig

Last week, Magma Partners was invited to participate at the Santiago Google Cloud Summit, which brought together startups, investors and executives from some of Chile’s biggest companies to learn about the future of cloud technology.

Updates

Chile Tech Visa

April 4, 2017

February 23, 2021

By: Nathan Lustig

Chile just launched a new tech visa that allows startup founders or tech workers to get visas approved within 15 business days. We think this is a game changer. As countries like the US are making it harder for people to come and work

Magma Portfolio

Jooycar

October 18, 2016

February 23, 2021

By: Nathan Lustig

We're really excited to announce that we've invested in Jooycar, a usage based car insurance service (UBI) that charges customers for how much and how well they drive. I wrote a more detailed post on why we invested in Jooycar.

Articles

Chilean Venture Capital Overview

September 15, 2016

February 23, 2021

By: Nathan Lustig

I wrote a guide to Chilean Venture Capital on my personal blog that I hope is helpful to entrepreneurs looking to startup in Chile. From the post:

Magma Portfolio

Edtech Startup Edoome Launches In All Chilean Public Schools

December 22, 2015

February 23, 2021

By: Nathan Lustig

Portfolio company Edoome recently secured a partnership with the Chilean Ministry of Education to roll out their product to all chilean public schools. I wrote a more detailed analysis of why this is big news on my personal blog.

Articles

Ten Frequent Mistakes Made by Chilean Entrepreneurs

September 9, 2014

February 23, 2021

By: Nathan Lustig

Since we launched Magma Partners, I've reviewed 300+ applications for funding, the vast majority from Chile, with some from Colombia, Argentina, Mexico, USA and Uruguay.Of those 300+, we’ve invested in seven.

Chile