nironmagnetics.comIndustrial / ManufacturingFounded: 2014Funding to Date: $96.33MM
Niron Magnetics, Inc. is creating sustainable and high-performance permanent magnets without the use of rare earth materials. This technology is particularly relevant as the demand for permanent magnets increases due to the rise of green technology and electrification across various sectors, including consumer electronics, automotive, and industrial applications. Iron's approach not only aims to mitigate the environmental and geopolitical issues associated with rare earth mining but also seeks to enhance the performance and cost-effectiveness of magnets used in various applications. Their magnets are designed to offer high magnetic field strength and enhanced temperature stability.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
02/08/2024 | Series D | $25MM | $xx.xx | $606.84MM | Samsung Ventures, Allison Transmission, Magna International, Shakopee Mdewakanton Sioux Community, University of Minnesota | |
Price per Share
$xx.xx
Shares Outstanding
4,621,670
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Samsung Ventures, Allison Transmission, Magna International, Shakopee Mdewakanton Sioux Community, University of Minnesota
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11/08/2023 | Series D-2 | $33MM | $xx.xx | $361.75MM | GM Ventures, Stellantis Ventures, Shakopee Mdewakanton Sioux Community, University of Minnesota | |
Price per Share
$xx.xx
Shares Outstanding
9,150,907
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
GM Ventures, Stellantis Ventures, Shakopee Mdewakanton Sioux Community, University of Minnesota
|
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07/29/2021 | Series D-1 | $21.3MM | $xx.xx | $184.05MM | Volvo, Volta Energy Technologies, Anzu Partners, University of Minnesota | |
Price per Share
$xx.xx
Shares Outstanding
11,812,989
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Volvo, Volta Energy Technologies, Anzu Partners, University of Minnesota
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09/03/2019 | Series C | $3.95MM | $xx.xx | $10.26MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
37,707,234
Liquidation Pref Order
2
Liquidation Pref As Multiplier
3.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
Undisclosed Investors
|
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12/27/2016 | Series B-1 | $5.29MM | $xx.xx | $53.9MM | Anzu Partners, University of Minnesota | |
Price per Share
$xx.xx
Shares Outstanding
495,726
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
10.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Anzu Partners, University of Minnesota
|
||||||
06/08/2016 | Series B | $6.4MM | $xx.xx | $38.13MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
684,973
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
9.8x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
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05/28/2015 | Series A | $1.4MM | $xx.xx | $7MM | Artiman Ventures | |
Price per Share
$xx.xx
Shares Outstanding
335,391
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
8.5x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Artiman Ventures
|