Tag: Kr-Magma Space

Magma Partners First Half 2018 Update

Since we closed our second fund in January to invest in fintech/insurancetech companies in Latin America and US companies with Latin American tech and sales teams, the entrepreneurs we support have been busy. And so have we. Here’s a roundup of some of the most interesting things that have happened in the first half of 2018.

New Investments

We’ve invested in 8 companies out of Magma II since January. Here are three that are public. We’ll be announcing more of our investments in the next month.

CryptoMarket – CryptoMarket is a Chilean fintech company that operates cryptocurrency exchanges in Chile, Brazil, Argentina and Europe, with plans to open Mexico and Colombia this year. Magma coinvested with Consensys, the fund created by the cofounder of Ethereum in a $600k round.

BrainHi – Puerto Rico based Brainhi helps doctors and dentists book more appointments using chat bots. They’re the first Puerto Rican company to be accepted into YCombinator. I met them during a visit to Parallel18 in Q1.

Workep – Medellin and San Francisco based Workep is a project management tool built onto of G-Suite. I’ve know Carlos Eduardo Alvarez since meeting him at a BBQ in 2015 in Medellin and have been following since then. We reconnected at Parallel18 this year and invested recently.


China-Latin America Innovation Year: Vibrant Mexico

One of the most exciting parts of the Kr-Magma Partners platform is showcasing the growing business opportunities in Latin America for Chinese entrepreneurs and investors. As part of our partnership with Kr Space, we created the China-Latin America Innovation Year and will be putting on an event each month to highlight the unique opportunities in different Latin American countries.

Dong Bo, Kr Space’s Vice President, debuted our joint 2018 China-Latin America Innovation Year plan: Kr-Magma Space will host 10 monthly Latin American country themed workshops and will rotate between Beijing and Shanghai. Over the next year, we’ll showcase Mexico, Brazil, Colombia, Chile, Ecuador, Argentina, Peru, Uruguay, Panama, and Puerto Rico to helping more Chinese entrepreneurs to understand Latin-American market and how to do business in each country. At the same time, the events will help more Latin American entrepreneurs to understand and leverage China, whether in their home countries or in China, with the ultimate goal of building a cross-border innovation, entrepreneurship and financing ecosystem. (more…)