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
How much has Niron Magnetics raised?
$107.4Macross 2 recorded rounds · Sep 2019 – Dec 2023

Most recently, Niron Magnetics raised $90.6M in its Later Stage VC (Dec 2023).

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Niron Magnetics round by round

2 rounds
Dec 2023Later Stage VC$90.6MSEC filing▮
81 investors participated
Sep 2019Seed Round$3.9MSEC filing▮
10 investors participated

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.

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Frequently asked about Niron Magnetics

How much has Niron Magnetics raised?
Niron Magnetics has raised $107.4M in total across 2 recorded funding rounds.
When was Niron Magnetics's last funding round?
Niron Magnetics's most recent recorded round was Later Stage VC in Dec 2023, raising $90.6M.