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In 2023, Magnetic's revenue reached $31.2M. The company previously reported $76.1K in 2020. Since its launch in 2010, Magnetic has shown consistent revenue growth.
Magnetic reached a $228.2K valuation in 2025, set during its M&A Offer 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 |
|---|---|---|---|---|---|
| 2025 | M&A Offer | - | $228.2K | - | |
| 2016 | Angel Round | $250K | - | - | |
| 2014 | Angel Round | $150K | $1M | 15% |
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Magnetic serves 1K customers.
Magnetic employs approximately 1 people as of 2026. It serves 1K customers that rely on its solutions.
Magnetic generates an estimated $31.2M in annual revenue.
Magnetic was founded by Korak Kuhnert.
The CEO of Magnetic is Korak Kuhnert.
Magnetic raised $400K across 2 rounds.
Magnetic has 1 employees.
Magnetic is headquartered in South Africa.
Magnetic operates across multiple industries. Browse revenue, funding, and growth data for Magnetic in each sector below.
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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Valuation
$228.2K
2023 Revenue
$31.2M(Est.)
Customers
1K
Funding
$400K
Avg ACV
$31.2K
Team · 2024
1
Founded
2010
| Year | Milestone | Source |
|---|---|---|
| 2023 | Magnetic Hit $31.2m revenue in June 2023 | Estimated |
| 2020 | Magnetic Hit $76.1k revenue in August 2020 | |
| 2010 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 1 employees (October 2024) | |
| 2020 | Reached 1 employees (August 2020) |
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