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Niron Magnetics

Minneapolis, MN · Founded 2014 · Privately Held (backing)

Developer of advanced magnetic materials designed to make permanent magnets. Niron Magnetics is based in Minneapolis, MN and was founded in 2014. It was valued at $3 billion at its later-stage round in Dec 2023, the last priced event on record. It has raised $107 million across 2 recorded rounds; the latest was a $90.6 million later-stage round in Dec 2023.

PMV mark · valuation
$3.0B
Oct 2026
Priced at
its later-stage round
Dec 2023
Total raised
$107.4M
Last round
Later Stage VC
Dec 2023

Niron Magnetics key facts

as of Oct 2026
  • Developer of advanced magnetic materials designed to make permanent magnets.
  • Niron Magnetics is valued at approximately $3.0B as of Oct 2026, set at its later-stage round, Dec 2023; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $107.4M across 2 recorded rounds; the latest was Later Stage VC ($90.6M) in Dec 2023.
  • Notable investors include U.S. Department of Energy, Samsung Venture Investment, Alpen Capital (Investor), Ligo Partners, Arpa-E — 31 tracked in total.
  • Niron Magnetics has filed 3 Form Ds with the SEC since 2019, most recently Mar 2024 ($90.6M sold to 81 investors).
  • Status: Privately Held (backing).
PrivateMarketView mark
LOW confidence
$3.0B

Valued at $3.0B at its later-stage round, Dec 2023. Nothing has traded since.

set by its last priced roundas of Oct 2026question about this number?
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Niron Magnetics funding rounds

2 rounds
Dec 2023Later Stage VC$90.6MSEC filing▮
Sep 2019Seed Round$3.9MSEC filing▮
Full funding history →

Niron Magnetics valuation

Niron Magnetics was valued at $3 billion at its later-stage round in Dec 2023. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Niron Magnetics raised?

Niron Magnetics has raised $107 million across 2 recorded rounds since 2019. The largest was a $90.6 million later-stage round in Dec 2023.

Niron Magnetics has filed 3 Form Ds with the SEC since 2019, most recently in Mar 2024 ($90.6 million sold to 81 investors).

Niron Magnetics investors

31 investors are on record for Niron Magnetics, including U.S. Department of Energy, Samsung Venture Investment, Alpen Capital (Investor) and Ligo Partners. By type, the record holds 3 venture capital firms and 2 family offices. The later-stage round in Dec 2023 drew 81 investors.

About Niron Magnetics

Developer of advanced magnetic materials designed to make permanent magnets. The company's materials are made from iron nitride that possesses inherently huge magnetization and has a larger magnetic flux density than conventional ferrite and NdFeB-based magnets, enabling automobile and computer manufacturers to avail size and weight reduction in motors without compromising power or torque.

Sector
Materials and Resources
HQ
Minneapolis, MN, United States
Founded
2014
Employees
137
Ownership
Privately Held (backing)

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