Noveon Magnetics closes $215 million Series C led by One Investment Management to expand U.S. rare earth magnet manufacturing capacity.
Amount Raised
$215 Million
Round Type
Series C
San MarcosManufacturingInvestors
Description
Noveon Magnetics, Inc. completed a $215 million Series C financing, led by One Investment Management. This capital will support the growth of Noveon's domestic rare earth magnet manufacturing capacity amidst increasing demand. The financing also facilitates secondary sales by existing shareholders
Quick answer
Noveon Magnetics raised $215 Million in a Series C round, dated January 19, 2026. Investors: One Investment Management. Noveon Magnetics is based in San Marcos, Texas, United States.
- How much did Noveon Magnetics raise?
- Noveon Magnetics raised $215 Million in a Series C round on January 19, 2026.
- Who invested in Noveon Magnetics?
- One Investment Management is named as investors in this round.
- What does Noveon Magnetics do?
- Noveon is the only operational manufacturer of sintered NdFeB rare earth magnets in the United States and the first to reshore them in over 20 years.
- Where is Noveon Magnetics based and how big is it?
- Noveon Magnetics is based in San Marcos, Texas, United States. Fundz records about 82 employees.
- Who are the decision-makers at Noveon Magnetics?
- Fundz holds 1 contact at Noveon Magnetics. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Manufacturing around the same time
Companies in the same sectors as Noveon Magnetics that raised within 45 days of this round, from Fundz verified event records.
- Hadrian raised $131M on December 19, 2025.
- Cognito Therapeutics raised $105M (Series C) on March 5, 2026.
- Vast raised $500M (Funding Round) on March 5, 2026.
- Roboze raised an undisclosed amount (Funding Round) on March 5, 2026.
- Barfresh raised $7.3M on March 5, 2026.
- HydroGraph raised $486K (Seed) on March 5, 2026.
Who to call at Noveon Magnetics, and when
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