Two Years of Magma

It’s been two years since Francisco, Diego and I started investing in Latin American startups at Magma Partners. I wrote a detailed blog post with all of our investment data and our portfolio companies on my personal blog in a post called Magma at Two Years. Some of the highlights:

Here’s what we’ve done so far:

• 500+ applications reviewed
• 200+ meetings with entrepreneurs
• 20 companies funded
• US$1.1M invested
• US$50k average ticket
• 35 founders
• 56 jobs created
• 3 failed companies
• 100% private capital
• First portfolio company opening offices in the US, receiving US follow on funding

I’m really excited to to keep helping top entrepreneurs execute on their vision from our platform that we’re creating in Latin America. 2016 is going to be a really fun year!