# Magneto Global

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/magneto-global

- Industry: Outsourcing
- Headquarters: Medell?n, Colombia
- Website: www.magneto365.com
- Total disclosed funding: $7M
- Latest round: Seed (May 15, 2024)
- Investors on record: 4

## About

Founded in 2021 and based in Medellin, Colombia, Magneto Global SAS operates as a talent management company that offers artificial intelligence-based software-as-a-service to automate human resources activities like employee recruitment. The firm was co-founded by Alejandro Arango and Pablo Arango. In May 2024, Magneto Global SAS raised USD 7 million in seed funding from new investors ALIVE, Latin Leap, Pashin, and Impact Ventures. The firm as of June 2024, has over 2,500 clients including Starbucks, Coca-Cola, Sura, Nutresa, Grupo Éxito, etc.

The company's platform in the job recruitment industry is dedicated to connecting job seekers with top companies. Magneto streamlines the hiring process by offering an array of job listings, boasting over 33,000 job offers across various cities, positions, and sectors. Magneto allows job seekers to create free accounts and offers services including job postings, talent search, and comprehensive talent assessment tools. Employers can publish job offers, utilize psychometric tests to evaluate candidates, and access AI-driven tools to identify talent. For job seekers, Magneto offers resources such as resume building, job alerts, and career advice.

The company plans to utilize the May 2024 funding to accelerate its growth trajectory, expand its client base in Colombia, Mexico, Peru, and the US, and further enhance its cutting-edge technology platform.

## Funding rounds

- Seed, May 15, 2024, $7M — Impact Ventures, ALIVE, Latin Leap, Pashin

## Investors

- Impact Ventures — Seed
- ALIVE — Seed
- Latin Leap — Seed
- Pashin — Seed