Noveon

San Marcos, TX · Founded 2014 · Privately Held (backing)

Manufacturer of sintered rare earth permanent magnets intended to serve the renewable power, medical, industrial automation, electric infrastructure and other industries. Noveon is based in San Marcos, TX and was founded in 2014. Its last reported valuation was $805 million in Jan 2026. It has raised $422 million.

Last reported valuation
$805.0M
Oct 2026
Priced at
—
Total raised
$422.0M
Last round
—

Who backs Noveon?

11 investors
InvestorType
United States Department of War—
In-Q-TelVenture capital
Cubit CapitalVenture capital
NGP Energy Capital ManagementPE / buyout
The Atmospheric FundOther
Aventurine Partners—
Canadian Shield Capital—
Coefficient (Other Commercial Products)—
Heidelberg Partners—
One Investment Management—
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Noveon investors

11 investors are on record for Noveon, including United States Department of War, In-Q-Tel, Cubit Capital and NGP Energy Capital Management.

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