Valuation · 2014
$1M
2023 Revenue
$31.2M(Est.)
Customers
1K
Funding
$400K
Avg ACV
$31.2K
Team · 2024
1
Founded
2010
Magnetic Revenue, Valuation & Funding (2023)
Magnetic generated an estimated $31.2M in annual revenue in 2023. Source: GetLatka estimate
Sales CRM, Project Management & Accounts Management all-in-one.
Last updated
Magnetic Revenue
Magnetic generated an estimated $31.2M in annual revenue in 2023. The company previously reported $76.1K in 2020.
| Year | Milestone | Source |
|---|---|---|
| 2023 | Magnetic Hit $31.2m revenue in June 2023 | Estimated |
| 2020 | Magnetic Hit $76.1k revenue in August 2020 | Not recorded |
| 2010 | Launched with $0 revenue |
Magnetic Valuation, Funding Rounds
Magnetic reached a $1M valuation in 2014, set during its Angel round.
Magnetic has raised $400K in total funding across 2 rounds, most recently a $250K Angel round in 2016.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2016 | Angel | $250K | - | - | Not recorded |
| 2014 | Angel | $150K | $1M | 15% | Not recorded |
Founder / CEO
Customers
Magnetic serves 1K customers.
Magnetic Employees & Team Size
Magnetic employs approximately 1 people as of 2026. It serves 1K customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 1 employees (October 2024) | |
| 2020 | Reached 1 employees (August 2020) | Not recorded |
Frequently Asked Questions about Magnetic
What is Magnetic's revenue?
As of 2023, Magnetic generated an estimated $31.2M in annual revenue.
What is Magnetic's valuation?
As of 2014, Magnetic was valued at $1M.
Who founded Magnetic?
Magnetic was founded by Korak Kuhnert.
When was Magnetic founded?
Magnetic was founded in 2010.
Who is the CEO of Magnetic?
The CEO of Magnetic is Korak Kuhnert.
How much funding does Magnetic have?
Magnetic raised $400K across 2 rounds.
How many employees does Magnetic have?
As of 2024, Magnetic had 1 employees.
Where is Magnetic headquartered?
Magnetic is headquartered in South Africa.
Compare Magnetic to the industry
Magnetic operates across multiple industries. Browse revenue, funding, and growth data for Magnetic in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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