About Magnetic
Magnetic is a venture capital firm founded in 2015. It is primarily based out of Berlin, Germany. As of Jun 2025, Magnetic has invested in 13 companies. It primarily invests in Seed round in Germany based startups. Its investments are spread across a wide range of sectors from High Tech to Blockchain Technology and Consumer. Most recently it participated in the $***** Seed round of Naro Overall, Magnetic portfolio has seen 4 unicorns and 2 acquisitions including key companies like One Football, Dapper Labs and Grover. A lot of funds co-invest with Magnetic, with names like Redstone sharing a substantial percentage of its portfolio. Magnetic has team of 3 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
Portfolio Unicorns
Portfolio Soonicorns
Magnetic's List of Top Investments
Magnetic has a portfolio of 13 companies, including 4 unicorns. Their most notable investmentis in NaroTheir portfolio spans across Germany, United States, Canada and 1 more locations. They have invested in High Tech, Blockchain Technology, Consumer and 13 other sectors, across stages such as Seed stage. Here is the list of top investments by Magnetic:
1. One Football
News media platform for soccer. It allows football fans to follow their idol teams. Its app enables fans to find live scores and commentaries, breaking news, videos, tables, statistics, live audio commentary, and background information on football, and engage through social media channels and comments. The mobile application is available for Android and iOS devices.
Key facts about One Football
- Founded Year: 2008
- Location: Berlin (Germany)
- Annual Revenue: €10M - €50M as on Dec 31, 2021
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $320M
- Employee Count: 308 as on May 31, 2026
- Investors: Draper Esprit, Molten Ventures and 18 Others
- Latest Funding Round: Series D, Apr 28, 2022, $*****
- Highlight: Editors' Pick
2. Dapper Labs
Blockchain-based games developer for PC and console. It has built Cryptokitties, a blockchain-based game that allows users to collect and breed digital cats. It has also developed KittyVerse, which allows users to build and play third-party games.
Key facts about Dapper Labs
- Founded Year: 2018
- Location: Vancouver (Canada)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $666M
- Employee Count: 156 as on May 31, 2026
- Investors: Google Ventures, Venrock and 126 Others
- Latest Funding Round: Series D, May 23, 2022, $*****
- Highlight: Editors' Pick
3. Grover
Online retailer of various consumer electronic devices and home appliances. It provides options to rent smartphones, tablets, computers, cameras, audio equipment, and wearables. The business also offers rental access to gaming consoles, virtual reality sets, televisions, and projectors. Furthermore, it extends to smart home devices, kitchen appliances, and other household equipment.
Key facts about Grover
- Founded Year: 2015
- Location: Miami (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $323M
- Employee Count: 314 as on May 31, 2026
- Investors: Viola Group, Commerzbank and 50 Others
- Latest Funding Round: Series C, Jul 18, 2024, $*****
- Highlight: Editors' Pick
4. Gorillas
Online platform offering multi-category grocery products. Its product offerings include fresh fruits, dairy, vegan products & cooled drinks, snacks, and more. The company claims the products will be delivered within 10 minutes from the point of order. It also offers mobile applications for Android and iOS devices.
Key facts about Gorillas
5. Filecoin
Decentralized network storage solutions for enterprieses. Its proof-of-work function includes a proof-of-retrievability component that requires nodes to prove it store a particular file. The Filecoin network forms an entirely distributed file storage system and nodes are incentivized to store as much of the entire network’s data. The currency is awarded for storing files, and is transferred in transactions, as in Bitcoin. Files are added to the network by spending currency.
Key facts about Filecoin
- Founded Year: 2014
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $120K
- Employee Count: 61 as on Dec 31, 2020
- Investors: RRE Ventures, Andreessen Horowitz and 75 Others
- Latest Funding Round: ICO, Aug 10, 2017, $*****
- Highlight: Editors' Pick
Magnetic's Year-on-Year Investment Trends
In 2025, it made 1 investment. Its most recent first time investment was in Naro.Magnetic's Investments by Stage
Magnetic has made 2 investments in Seed stage with an average round size of $3.97M.Magnetic's Investments by Sector
Magnetic has a diverse portfolio, with companies operating in the FinTech and Financial Services. Notably, it has invested in 12 Tech companies, 9 Consumer (B2C) companies, 4 Enterprise (B2B) companies and at least 3 companies focusing on Software.Magnetic's Investments by Geography
Magnetic has made most investments in Germany (1), followed by United States where it has made 1 investment.Magnetic's recent investments
Magnetic has not made any investment in 2026 so far.Here are the most recent investments by Magnetic:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 18, 2025 | Germany | Seed | 5500 | [+1] | |
Jul 11, 2024 | United States | Seed | 4516 | - |
Unicorns in Magnetic's Portfolio
Magnetic has 4 unicorns in its portfolio - One Football, Grover, INFARM and others. The most recent unicorn in their portfolio is One Football. It became a unicorn in 2022, 4 years before Magnetic first invested in it.Here is a list of unicorns in Magnetic's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
77 | News media platform for soccer | 2008 | Berlin | Series D | oti{xsn | ||
69 | Online retailer of various consumer electronic devices and home appliances | 2015 | Miami | Series C | rkivxa{ | ||
53 | Company offering a global vertical farming network using efficient farming methods | 2013 | Berlin | Series D | pbxfqbf | ||
74 | Blockchain-based games developer for PC and console | 2018 | Vancouver | Series D | zzklgso |
Acquired companies in Magnetic's Portfolio
2 companies from Magnetic's portfolio have been acquired. The most recent acquisition was Komoot in Mar 2025 by Bending Spoons for $*****.Here are Magnetic's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 20, 2025 | - | - | 4727 | |
Dec 08, 2022 | - | - | 3711 |
Team profile of Magnetic
Magnetic has a team of 3 members including 2 Partners located in Germany. Magnetic's team does not sit on the board of any company as of now.Co-investors of Magnetic
Over the past 2 years, 6 investors have co-invested in Magnetic's portfolio companies. This includes funds and angels.
- Invested before Magnetic: La Famiglia, Discovery Ventures and 2 others have invested in rounds before Magnetic. There is 1 company where La Famiglia has invested before Magnetic and 1 company where Discovery Ventures has invested before Magnetic.
- Top Co-investors of Magnetic: 2 investors entered a company along with Magnetic. These include investors like Redstone (1 company).
Recent News related to Magnetic
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Germany’s trawa raises €2.4 million to become the renewable energy supplierTech.eu•Mar 07, 2023•trawa, Speedinvest, Magnetic Ventures, Tiny and 4 others
