Led · Series C · Jan 2026

Noveon Magnetics manufactures sintered NdFeB rare-earth permanent magnets entirely in the United States and is currently the only domestic producer operating at scale. Its proprietary EcoFlux™ technology enables a closed-loop process that maximizes resource efficiency and incorporates recycled materials while delivering high-performance magnets for electric vehicles, wind turbines, robotics, consumer electronics, defense systems, and other applications. The company has recently inked multi-year supply agreements with General Motors and ABB, partnered with Lynas and Solvay to bolster raw-material security, and launched a magnet-recycling initiative with LG Electronics and Kangwon Energy. Backed by the new Series C financing, Noveon plans to expand its annual manufacturing capacity beyond 2,000 tons to meet accelerating demand across automotive, defense, AI, and advanced-manufacturing sectors. The firm positions itself as a critical link in reshoring rare-earth supply chains and enhancing U.S. supply-chain resiliency. Its growth strategy includes scaling production, deepening strategic partnerships, and strengthening closed-loop recycling capabilities. The $215 million capital infusion provides substantial resources for these initiatives and enables secondary liquidity for early shareholders.

Participated · Series A · Aug 2025

Vulcan Elements develops and manufactures rare-earth magnets and is positioning Johnston County, North Carolina, as a production hub. The company plans a new factory in Johnston County that is projected to create approximately 1,000 jobs. It raised $430 million in financing to support that expansion. The project has drawn notable backing from the Trump administration. The articles do not disclose revenue, user metrics, founding year, or other financial details.