As part of our launch, we were featured in a number of outlets in Chile and Latin America, most of which were in Spanish. Andes Beat and Pulso Social wrote about us in English.
The Andes Beat article, titled With two confirmed investments, Magma Partners launches the most transparent investment firm in Chile, talked about how we’re trying to bring US best practices, transparency and fair deals for both entrepreneurs and investors into the Chilean entrepreneurial ecosystem. From the article:
Created by multinational serial entrepreneurs, Magma Partners is a new fund based in Santiago that invests in high-potential startups and small businesses
Today at 7:00pm, an event will be held to mark the launch of a new Chilean-US investment fund, Magma Partners. Formed by three partners– two Chileans and one from the United States– the fund is positioned as the most promising and most transparent in Chile’s national investment landscape. Magma Partners will use the best practices of the US’s most successful funds to help solve pain-points for local entrepreneurs such as exceedingly high equity rates, lack of investment transparency, and ambiguous communication.
Transparency is paramount for Magma Partners– those who direct the fund have previously raised LatAm-based capital for their companies and have seen first-hand how the the local process can drag on for months.
The Pulso Social article, titled Magma Partners Launches in Chile With US$5 Million to Invest, highlighted how we’ll operate as a fund. From the article:
With five million dollars to spend, the team behind the fund will utilize their experiences in raising capital to ensure solid practices and policies in their investments. As mentioned, transparency is central to their approach. Sáenz explained in an interview with PulsoSocial that the Magma Partners website clearly displays all of their investment criteria and required documentation so that applicants know what to expect. “Moreover,we offer term sheets that are fair for entrepreneurs and investors,” he explained. “We aren’t trying to take control of companies but instead to help them to be successful. Our fund is 100% private capital from the three founding partners.”
Over 75 entrepreneurs, investors, business people, family and friends attended our launch event in Santiago, Chile. See a picture below from the event.