# Nano Magnetics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nano-magnetics

- Industry: Electronics
- Headquarters: Sunnyvale, US
- Website: www.nanomagnetics.com
- Total disclosed funding: $7M
- Latest round: Seed (Sep 25, 2017)
- Investors on record: 3

## About

Nano Magnetics Ltd. specializes in advanced magnetic technologies, providing innovative solutions like Nanoport Mobile Technology and Nanodots® for educational and consumer applications. The company focuses on enhancing user experience through modular design and interactive products.Founded in 2009 and headquartered in Sunnyvale, California, Nano Magnetics Ltd. is dedicated to developing magnetic technologies. The firm has undergone a strategic focus on innovative products and recently secured a Seed funding round. The company has successfully closed a total of 4 funding deals, with the most recent occurring on September 25, 2017, led by Horizons Ventures, raising USD 7.00 mn in total. The founder's information is not provided in the available data.Nanomagnetics primarily offers innovative magnetic technology solutions, with its flagship product being the Nanoport Mobile Technology, allowing users to combine multiple devices into customizable modular structures. Another key product, Nanodots®, consists of precision-milled magnetic spheres made from sintered Neodymium-Iron-Boron for experiments at an atomic scale. Additionally, the MEGA marbles introduce an interactive element for educational and recreational purposes. The company caters to a diverse client base, including educators, technology developers, and consumers, selling primarily in North America, Europe, and parts of Asia across various industries such as education, consumer electronics, and gaming.Nanomagnetics generates revenue through direct sales of products like Nanoport Mobile Technology, Nanodots®, and MEGA marbles. The company operates a B2B and direct-to-consumer model, with transactions facilitated via partnerships with educational institutions, retailers, and tech developers. Orders are typically bulk purchases or project-specific, with pricing tailored to customer needs, ensuring efficient service and market presence in regions where their products are sold.In September 2017, Nano Magnetics Ltd. received USD 7.00 mn in Seed funding, led by Horizons Ventures, which will support future product development and market expansion. The company plans to introduce new modular products aimed at enhancing user interactivity and engagement, with specific launch timelines to be announced. Furthermore, there are intentions to expand into new markets, particularly targeting regions in Europe and Asia by 2025, utilizing the recent funding to bolster research and development efforts, as well as marketing strategies to reach new consumer bases.

## Funding rounds

- Seed, Sep 25, 2017, $7M — Kensington Capital Partners, Brightspark Ventures, Horizons Ventures

## Investors

- Kensington Capital Partners — Seed
- Brightspark Ventures (https://capitalatlas.ai/funds/brightspark-ventures) — Seed
- Horizons Ventures — Seed