About Magnet 360
Magnet 360 is a company based in Minneapolis (United States) founded in 2008 was acquired by Mindtree in January 2016. Magnet 360 has raised $5.73 million across 3 funding rounds from investors including Mindtree, StarTec Investments and Salesforce Ventures. The company has 169 employees as of December 31, 2022. Magnet 360 has completed 1 acquisition, including Reside.
- Headquarter Minneapolis, United States
- Employees 169 as on 31 Dec, 2022
-
Phone
Locked
-
Website
Locked
-
Social
Locked
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$5.73 M (USD)
in 3 rounds
-
Latest Funding Round
$1.6 M (USD), Series A
Mar 18, 2013
-
Investors
Mindtree
& 2 more
-
Employee Count
169
as on Dec 31, 2022
- Investments & Acquisitions
-
Acquired by
Mindtree
(Jan 18, 2016)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Magnet 360
Magnet 360 has successfully raised a total of $5.73M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1.6 million completed in March 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Magnet 360
Magnet 360 has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Mindtree, StarTec Investments and Salesforce Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
A private venture capital firm based in Minneapolis, USA.
|
Locked | Locked | Locked | |
|
Early-stage tech startups are funded by corporate-backed Salesforce Ventures.
|
Locked | Locked | Locked | |
|
Outsourcing solutions in IT, engineering, and consulting are delivered.
|
Locked | Locked | Locked |
Investor details for Magnet 360
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Magnet 360
Magnet 360 has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Reside.
Investment portfolio details for Magnet 360
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Cloud computing, integration development, and IT consulting services are provided.
|
Locked | Locked | 2001 | Locked |
Complete acquisition details for Magnet 360
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Magnet 360
Detailed financials for Magnet 360
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Magnet 360 Comparisons
Peer comparison for Magnet 360
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Magnet 360
Detailed competitors of Magnet 360
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Magnet 360
Complete news archive for Magnet 360
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Magnet 360
Magnet 360 was founded in 2008.
Magnet 360 is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Magnet 360 is a funded company, having raised a total of $5.73M across 3 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Magnet 360 is 169.
Magnet 360 was founded in 2008 and is headquartered in Minneapolis, United States. Operations focus on the Salesforce ecosystem, where consulting and implementation services are delivered for CRM, branded sites, communities, social campaign management, and marketing automation. Work is conducted with major global companies. Revenue exceeded 25 million USD in 2015-16, supported by investments from Salesforce Ventures, Gage Group, and StarTec Investments.
Magnet 360 has made 1 acquisition, including Reside.
Magnet 360 has 3 investors. Key investors include Mindtree, StarTec Investments, and Salesforce Ventures.