About Magnetis
Magnetis is a company based in Sao Paulo (Brazil) founded in 2012 by Luciano Tavares was acquired by BTG Pactual in August 2023.. Magnetis has raised $16.9 million across 3 funding rounds from investors including BTG Pactual, VEF and Redpoint eventures. Magnetis operates in a competitive market with competitors including Qara, Vérios Investimentos, Quiena, TradeMachine and Advize, among others.
- Headquarter Sao Paulo, Brazil
- Founders Luciano Tavares
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16.9 M (USD)
in 3 rounds
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Latest Funding Round
$11 M (USD), Series B
Jul 29, 2020
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Investors
BTG Pactual
& 5 more
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Employee Count
Employee Count
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Acquired by
BTG Pactual
(Aug 22, 2023)
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Funding Insights of Magnetis
Magnetis has successfully raised a total of $16.9M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $11 million completed in July 2020. 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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $11.0M
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First Round
First Round
(23 Oct 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Series B - Magnetis | Valuation | Redpoint eventures , VEF |
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| Apr, 2018 | Amount | Series A - Magnetis | Valuation |
investors |
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| Oct, 2015 | Amount | Seed - Magnetis | Valuation | Monashees |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Magnetis
Magnetis has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include BTG Pactual, VEF and Redpoint eventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage tech-focused VC firm investing primarily in Latin America and the US
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Founded Year | Domain | Location | |
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Fintech sector investments are handled by VEF venture capital firm.
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Founded Year | Domain | Location | |
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Sectors like ad tech, food tech, logistics, services are targeted.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Magnetis
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Magnetis
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Magnetis Comparisons
Competitors of Magnetis
Magnetis operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Qara, Vérios Investimentos, Quiena, TradeMachine and Advize, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-enabled robo advisory for wealth management is provided.
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| domain | founded_year | HQ Location |
Automated investment platform provided for Brazilian market users.
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| domain | founded_year | HQ Location |
Automated financial advice is offered for US asset investments.
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| domain | founded_year | HQ Location |
Automated equity investments via diversified algorithms are facilitated.
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| domain | founded_year | HQ Location |
Online investment brokerage & advisory platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Magnetis
Frequently Asked Questions about Magnetis
When was Magnetis founded?
Magnetis was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Magnetis located?
Magnetis is headquartered in Sao Paulo, Brazil.
Who is the current CEO of Magnetis?
Luciano Tavares is the current CEO of Magnetis. They have also founded this company.
Is Magnetis a funded company?
Magnetis is a funded company, having raised a total of $16.9M across 3 funding rounds to date. The company's 1st funding round was a Seed of $880K, raised on Oct 23, 2015.
What does Magnetis do?
Magnetis was founded in 2012 in Sao Paulo, Brazil, as an online platform in the fintech sector. Automated advisory services are provided, where investment portfolios are recommended and operations executed for investors. Customer portfolios are reassessed at intervals, with adjustments suggested to optimize returns. Investments are placed and monitored through an online interface.
Who are the top competitors of Magnetis?
Magnetis's top competitors include Qara, Vérios Investimentos and Quiena.
Who are Magnetis's investors?
Magnetis has 6 investors. Key investors include BTG Pactual, VEF, Redpoint eventures, Monashees, and 500 Global.