Valuation
$228.2K
2023 Revenue
$31.2M
Customers
1K
Funding
$400K
Avg ACV
$31.2K
Team
1
Founded
2010
How Magnetic CEO Korak Kuhnert grew to $31.2M revenue and 1K customers in 2023.
Sales CRM, Project Management & Accounts Management all-in-one.
Last updated
Magnetic Revenue
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.
| Year | Milestone | Quote |
|---|---|---|
| 2023 | Magnetic Hit $31.2m revenue in June 2023 | |
| 2020 | Magnetic Hit $76.1k revenue in August 2020 | |
| 2010 | Launched with $0 revenue |
Magnetic Valuation, Funding Rounds
Magnetic reached a $228.2K valuation in 2014, set during its Angel Round round.
Magnetic has raised $400K in total funding across 2 rounds, most recently a $250K Angel Round round in 2016.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2016 | Angel Round | $250K | - | - | |
| 2014 | Angel Round | $150K | $1M | 15% |
Founder / CEO
Korak Kuhnert
Korak Kuhnert is listed as Founder / CEO at Magnetic.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
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 |
|---|---|
| 2024 | Reached 1 employees (October 2024) |
| 2020 | Reached 1 employees (August 2020) |
Frequently Asked Questions about Magnetic
What is Magnetic's revenue?
Magnetic generates $31.2M in revenue.
Who founded Magnetic?
Magnetic was founded by Korak Kuhnert.
Who is the CEO of Magnetic?
The CEO of Magnetic is Korak Kuhnert.
How much funding does Magnetic have?
Magnetic raised $400K.
How many employees does Magnetic have?
Magnetic has 1 employees.
Where is Magnetic headquarters?
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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