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Noveon Magnetics Inc. is a private US-based company and the developer of the patented Magnet-to-Magnet recycling process, for the cost-effective production of high-performance sintered NdFeB magnets from end-of-life and scrap-magnet feedstocks. Noveon's magnets are ideal for motor and other applications, where magnetic performance at elevated temperatures is important, and can supply magnetic property data on request.
Investor insights
Funding rounds participated in
$75M sweet spot round size
Investor type
Privately Held
Basic info
Industry
Manufacturing
Sectors
Manufacturing
Date founded
2014
Funding rounds raised
Total raised
$75M
from 2 investors over 1 rounds
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Noveon Magnetics Inc. raised $75M on June 16, 2023
Investors: Aventurine Partners and NGP Energy Capital Management