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

Who backs Niron Magnetics?

31 investors
InvestorType
U.S. Department of EnergyOther
Samsung Venture InvestmentOther
Alpen Capital (Investor)Family office
Ligo PartnersFamily office
Arpa-E—
Lateral Capital ManagementVenture capital
GM VenturesVenture capital
Volvo Cars Technology Fund—
Volta Energy TechnologiesVenture capital
Allison VenturesAsset manager
+ 21 more investors · a free account shows the complete list
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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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