Today we are pleased to welcome Magentic to the Nolqa portfolio. We invested $695K to support the company as it builds its next stage of growth.
What Magentic does
Magentic builds AI digital workers for large industrial companies, with a focus on procurement and supply chain operations. Its software connects contracts, ERP data, invoices, emails and spreadsheets to identify savings opportunities and execute operational work.
Why we invested
We invested because procurement and supply chains contain enormous amounts of repetitive, high-value work that remains difficult to automate. Magentic is applying AI agents directly to those workflows, with a clear connection between software adoption and measurable operational value.
What comes next
We are excited to support Magentic as it expands its digital workforce platform, enterprise deployments and work with global manufacturers.
We are looking forward to working closely with the team and helping Magentic build the next chapter of the business.