Noveon Magnetics
Latest round
- Series C
Last raised
- Jan 2026
Total raised
- $290M
Investors
- 3
About Noveon Magnetics
Founded in 2014, Noveon Magnetics Inc. focuses on innovative magnetic solutions. In January 2026, Noveon Magnetics Inc. The CEO, Scott Dunn, leads a team that continues to evolve within the growing demand for sustainable technologies. Noveon Magnetics specializes in the development and manufacture of EcoFlux magnets, designed to enhance efficiency across mobility, renewable energy generation, and other critical sectors. These next-generation magnets utilize proprietary technology to minimize reliance on rare earth elements and reduce energy consumption during production.Noveon Magnetics generates revenue through direct sales of EcoFlux magnets to industrial clients and manufacturers. The firm primarily engages in B2B transactions, facilitating bulk orders tailored to client specifications. Partnerships with key players in the electric vehicle and renewable energy sectors may involve long-term supply agreements, offering volume-based pricing for larger orders. Specific revenue figures associated with the EcoFlux product line have not been disclosed.
Who invested in Noveon Magnetics
3 investors across 2 rounds
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Questions about Noveon Magnetics
Who invested in Noveon Magnetics?
Noveon Magnetics has 3 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Noveon Magnetics raised?
Noveon Magnetics has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Noveon Magnetics last raise money?
Noveon Magnetics's most recent round on record is a Series C, in Jan 2026.
What does Noveon Magnetics do?
Founded in 2014, Noveon Magnetics Inc.
Where is Noveon Magnetics headquartered?
Noveon Magnetics is headquartered in Austin, US.
Which VCs invest in companies like Noveon Magnetics?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back environmental services companies at Noveon Magnetics's stage. Their profiles are linked below.
VCs backing environmental services startups at Series C
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