Tech Company Financing Transactions
Niron Magnetics Funding Round
Niron Magnetics closed a $10 million funding round on 10/20/2025. Investors included private investors.
Transaction Overview
Company Name
Announced On
10/20/2025
Transaction Type
Debt
Amount
$10,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The award will help advance the development of Plant 1, a 190,000-square-foot facility that will serve as the world's first full-scale production site for Iron Nitride-based rare-earth-free permanent magnets.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
650 Taft St. NE 400
Minneapolis, MN 55413
USA
Minneapolis, MN 55413
USA
Phone
Undisclosed
Website
Email Address
Overview
Niron Magnetics is developing the world's first advanced manufacturing process for the mass production of permanent magnets powered by its breakthrough material formulation.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Andrew Blackburn
Chief Operating Officer
John Larson
Chief Scientific Officer
Jian-Ping Wang
Chief Technical Officer
Frank Johnson
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