Magnetic
PrivateLast Round
Pre Seed
Jul 1, 2025
Total Funding Raised
$500,000
Momentum
Top 10%
of companies Caplight tracks
Company Overview
Magnetic is a financial software company that provides an AI-powered platform to automate the tax preparation process for CPA firms by scanning and extracting data from client documents directly into tax software.
Sector
Enterprise Software
Verticals
Accounting & Expense, Workflow Automation, Document Management, NLP & Conversational AI
Business Model
B2B
Customer Profile
Usage-Based SaaS, Subscription SaaS
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Magnetic Comparables
Compare Magnetic with similar companies based on industry and business-model similarity.
Magnetic Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Pre Seed | Jul 1, 2025 |
Magnetic Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Orange Collective | Pre Seed |
| Y Combinator | Pre Seed |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jul 26, 2026
Monthly visitors increased 44% MoM.
- Mar 25, 2026
Grew 75% QoQ from 4 to 7 employees.
Magnetic Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Magnetic's valuation, stock price, and market status.