Noveon Magnetics: Funding, Investors & Team (Aug 2026)
Urban Mining Company develops a proprietary Magnet-to-Magnetärecycling process. UMC’s magnets are ideal for motor and other applications, where magnetic performance at elevated temperatures is important and can supply magnetic property data on request. It was founded in 2014 and headquartered in Austin, Texas.
Noveon Magnetics has raised $290M across 2 funding rounds on record, the most recent a Series C of $215M announced in Jan 2026.
That round is above the $5.0M median round size for Manufacturing companies tracked on FundedIQ over the last two years.
Noveon Magnetics Company Profile and Key Stats
Latest funding round on record: Jan 2026.
Noveon Magnetics Funding Rounds
Noveon Magnetics raised $75.0M in a Series B announced in May 2023.
2.7 years later, a Series C of $215M was announced in Jan 2026.
Noveon Magnetics Founders and Leadership Team
Contact details for the Noveon Magnetics team: 1 of 2 have an email address on file.
Start 14-day free trial →Noveon Magnetics Funding Compared to Other Manufacturing Startups
Noveon Magnetics' latest round of $215M is above the median round in Manufacturing. Medians cover the last 24 months of disclosed rounds.
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Noveon Magnetics Funding FAQs
What does Noveon Magnetics do?
Urban Mining Company develops a proprietary Magnet-to-Magnetärecycling process. UMC’s magnets are ideal for motor and other applications, where magnetic performance at elevated temperatures is important and can supply magnetic property data on request. It was founded in 2014 and headquartered in Austin, Texas.
How much funding has Noveon Magnetics raised?
Noveon Magnetics has raised $290M across 2 rounds on record. The most recent is a Series C of $215M announced in Jan 2026.
When did Noveon Magnetics last raise funding?
Noveon Magnetics' most recent funding round on record is a Series C of $215M, announced in Jan 2026.
Who founded Noveon Magnetics?
FundedIQ lists Catalina Oana Tudor (Founder), Scott Dunn (Founder) at Noveon Magnetics.
Where is Noveon Magnetics headquartered?
Noveon Magnetics is based in Austin, Texas, United States.
How many employees does Noveon Magnetics have?
Noveon Magnetics is in the 11-50 employee band.
How does Noveon Magnetics' funding compare to other Manufacturing startups?
Noveon Magnetics' latest round of $215M is above the $5.0M median round size for Manufacturing companies on FundedIQ across 1,058 tracked companies over the last two years.
About FundedIQ's Noveon Magnetics Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Noveon Magnetics is left off this page rather than filled in.
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