The only high-performance rare earth magnet manufacturer in the U.S.
Location: United States
Employees: 51-200
Total raised: $290M
Founded date: 2012
Investors 2
| Date | Name | Website |
| 03.06.2023 | NGP Energy... | ngpenergy.... |
| - | Aventurine... | aventurine... |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 19.01.2026 | Series C | $215M | - |
| 18.05.2023 | Series B | $75M | - |
Mentions in press and media 7
| Date | Title | Description |
| 22.01.2026 | U.S. Magnet Production Surges: Noveon Secures $215M for Domestic Expansion | Noveon Magnetics secured a pivotal $215 million Series C funding. One Investment Management led the significant round. This capital fuels aggressive expansion of U.S. rare earth magnet manufacturing. The move dramatically strengthens domest... |
| 19.01.2026 | Noveon Magnetics Raises $215M in Series C Funding | Noveon Magnetics, Inc., a San Marcos, TX-based rare earth magnets manufacturer, raised $215M in Series C funding. The round was led by One Investment Management (OneIM). The company intends to use the funds to accelerate its growth trajecto... |
| 19.01.2026 | NOVEON MAGNETICS COMPLETES $215 MILLION SERIES C TO EXPAND U.S. RARE EARTH MAGNET MANUFACTURING CAPACITY | Financing Round Led by One Investment Management Supports Expansion of Domestic Rare Earth Magnet Production and Facilitates Secondary Share Sale SAN MARCOS, Texas, Jan. 19, 2026 /PRNewswire/ -- Noveon Magnetics, Inc. (Noveon), a leading U.... |
| 21.10.2025 | China’s rare earth magnet exports to U.S. fall for second month, reversing brief recovery | China’s rare earth magnet shipments to the U.S. dropped nearly 30% year over year in September, marking a second consecutive monthly decline. The data marks the second monthly drop in the exports after a brief recovery that had started in J... |
| 30.06.2023 | How the circular economy could solve the smartphone-waste problem — and curb the manufacturing industry's carbon footprint, too | Redeem now Insider Do you remember your very first cellphone? Where is it now? Maybe you passed it on to a friend, traded it in for an upgrade, or sold it. Maybe it's still lurking somewhere in your home, abandoned in a drawer. It takes a l... |
| 18.05.2023 | Noveon Magnetics Closes $75M Series B Funding | Noveon Magnetics, a San Marcos, TX-based manufacturer of neodymium sustainable rare earth magnets, raised $75M in Series B funding. The round was led by NGP and Aventurine Partners. Additionally, James Wallis, Partner at NGP, will join Nove... |
| 16.05.2023 | Noveon Magnetics Closes $75M Series B Round | SAN MARCOS, TX, Noveon Magnetics, the only U.S.-based manufacturer of high-performance neodymium sustainable rare earth magnets, has closed a $75 million Series B funding round. >> Click here for more funding data on Noveon Magneti... |