Tech Company Financing Transactions
Noveon Magnetics Funding Round
Noveon Magnetics, based in San Marcos, raised $215 million from One Investment Management (OneIM) and private investors.
Transaction Overview
Company Name
Announced On
1/19/2026
Transaction Type
Venture Equity
Amount
$215,000,000
Round
Series C
Investors
One Investment Management (OneIM) (Lead Investor)
Proceeds Purpose
The company intends to use the funds to accelerate its growth trajectory, expand its capacity beyond 2,000 tons per year, support existing commercial partners and capture growing demand from critical industries.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
1550 Clovis R Barker Rd
San Marcos, TX 78666
USA
San Marcos, TX 78666
USA
Phone
Undisclosed
Website
Email Address
Overview
Noveon Magnetics Inc. is a private US-based company and the developer of the patented Magnet-to-Magnet recycling process, for the cost-effective production of high-performance sintered NdFeB magnets from end-of-life and scrap-magnet feedstocks. 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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Scott Dunn
Chief Financial Officer
Viji Subramanyam
Chief Operating Officer
Hugo Haussner
Chief Technical Officer
Miha Zakotnik
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