Tech Company Financing Transactions

Niron Magnetics Funding Round

Niron Magnetics closed a $33 million funding round on 11/8/2023. Investors included GM Ventures, Shakopee Mdewakanton Sioux Community and Stellantis.

Transaction Overview

Company Name
Announced On
11/8/2023
Transaction Type
Venture Equity
Amount
$33,000,000
Round
Undisclosed
Proceeds Purpose
The company intends to use the funds to expand its current pilot production facilities and scale manufacturing capacity for exclusive customer programs and initial sales of its Clean Earth Magnet®.

Company Information

Company Status
Private & Independent
Industry
Electronics
Mailing Address
650 Taft St. NE 400
Minneapolis, MN 55413
USA
Phone
Undisclosed
Email Address
Overview
Niron Magnetics is developing the world's first advanced manufacturing process for the mass production of permanent magnets powered by its breakthrough material formulation.
Profile
Niron Magnetics LinkedIn Company Profile
Social Media
Niron Magnetics Company Twitter Account
Company News
Niron Magnetics News
Facebook
Niron Magnetics on Facebook
YouTube
Niron Magnetics on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Andrew Blackburn
  Andrew Blackburn LinkedIn Profile  Andrew Blackburn Twitter Account  Andrew Blackburn News  Andrew Blackburn on Facebook
Chief Operating Officer
John Larson
  John Larson LinkedIn Profile  John Larson Twitter Account  John Larson News  John Larson on Facebook
Chief Scientific Officer
Jian-Ping Wang
  Jian-Ping Wang LinkedIn Profile  Jian-Ping Wang Twitter Account  Jian-Ping Wang News  Jian-Ping Wang on Facebook
Chief Technical Officer
Frank Johnson
  Frank Johnson LinkedIn Profile  Frank Johnson Twitter Account  Frank Johnson News  Frank Johnson on Facebook


 

 

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