Carey invests in Magnar to boost regional expansion

This new funding round, the second in three months, aims to accelerate Magnar's international expansion in Latin America during the first half of 2026, strengthening its presence across the region.

For Carey, investing in Magnar represents another step in a broader strategy to integrate artificial intelligence into the advice and services it provides to clients, complementing internal training initiatives, technological adoption, and strategic projects aimed at improving the quality and efficiency of legal services.

Magnar will continue to be controlled by its founders — engineers Andrés Arellano, Nicolás López and Andrés Rodríguez — who will maintain the company’s strategic direction, ensuring it continues to operate independently with focus on the product and a long-term vision in service of the entire legal ecosystem.

One of the platform's key differentiators is that it is trained on local regulatory and case-law sources. Its approach combines advanced technology with a deep understanding of local legal practice, while upholding high standards of security, confidentiality, and information control.

“We are very pleased that a firm with Carey’s prestige has placed its trust in Magnar. They first chose us as users, validating the product in their daily operations, and based on that conviction, they decided to invest. For us, that is the strongest sign that we are building a tool that truly adds value to the legal world,” said Andrés Arellano, CEO and founder of Magnar.

Pablo Iacobelli, managing partner at Carey, said: "Our decision to invest in Magnar stems from a strategic conviction: law firms must adapt to and contribute to the development of these technologies —not only as users, but also as players in the ecosystem. Having a technology partner that understands the local legal market is key to integrating artificial intelligence into the work of legal professionals".