Magneticrevenue, valuation & funding
Google Workspace Project Management SoftwareSouth AfricaFounded 2010CEO Korak Kuhnert
Magnetic is a Google Workspace Project Management Software company based in South Africa, founded in 2010.
- Customers
- 1K
Magnetic revenue
Magnetic has not published its revenue. GetLatka estimates it at about $31.2M a year (June 2023).
All 2 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Aug 2020 | $76.1K | – |
| Jun 2023 | $31.2MEST. | GetLatka estimate |
– source not recorded
Magnetic valuation
Magnetic is privately held, so there is no Magnetic stock to buy. Investors valued it at $1M in its November 2014 Angel round.
Magnetic funding rounds & investors
Magnetic has raised $400K across two rounds since 2014. The latest was a $250K Angel round in January 2016.
| Date | Round | Raised | Valuation |
|---|---|---|---|
| Jan 2016 | Angel | $250K | – |
| Nov 2014 | Angel | $150K | $1M |
| Total raised | $400K |
Magnetic competitors
Magnetic competes most directly with HubSpot, Zoho and Insightly.
HubSpot
Zoho
InsightlyMagnetic CEO, founders & employees
Korak Kuhnert founded Magnetic in 2010 and runs it as CEO. 1 person lists Magnetic as their employer on LinkedIn (October 2024).
- Korak KuhnertFounder & CEO
All 2 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Oct 2024 | 1 | |
| Aug 2020 | 1 | – |
Magnetic FAQ
What is Magnetic's revenue?
GetLatka estimates Magnetic's revenue at about $31.2M a year (June 2023). The company hasn't published its own figure.
What is Magnetic's valuation?
Investors valued Magnetic at $1M in its November 2014 Angel round.
How much funding has Magnetic raised?
Magnetic has raised $400K across two funding rounds. The latest was a $250K Angel round in January 2016.
Is Magnetic publicly traded?
No. Magnetic is a private company, so its shares aren't traded on a stock exchange.
Who is the CEO of Magnetic?
Korak Kuhnert is the CEO of Magnetic and founded the company in 2010.
Who founded Magnetic?
Korak Kuhnert founded Magnetic in 2010.
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How this page is sourced
1 from public sources · 1 estimate. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Aug 10, 2026Data disclaimerReport a correctionClaim this profileRun Magnetic? Join the podcast