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North American Iron

North American Iron

Private
Minot, North DakotaFrontier & Industrial Techhttps://na-iron.com/

Last Round

Follow-on Offering

Jun 28, 2026

Total Funding Raised

$10M

Company Overview

North American Iron is an industrial manufacturing company that produces high-purity pig iron by processing reclaimed iron ore using natural gas-based technology.

Sector

Frontier & Industrial Tech

Verticals

Clean Manufacturing, Circular Economy, Supply Chain, Sustainable Materials

Business Model

B2B

Customer Profile

Hardware Sales

AI Layer

Non-AI

Keywords

merchant pig ironsteelmaking feedstockgreen steelhydrogen direct reductionelectric arc furnaceEAFdomestic steel supplyindustrial reclamationcircular economyiron ore stockpilesreshoring manufacturingsupply chain securityindustrial byproductsclean manufacturing

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North American Iron Comps

Public and private peers based on sector, stage, and business model.

North American Iron comps — public and private peers by sector, stage, and business model
CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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North American Iron Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Follow-on OfferingJun 28, 2026
DebtMar 1, 2026
VC RoundNov 1, 2025
VC RoundSep 1, 2025

Key People

Founding team and executive leadership

Jim Bougalis

Founder and CEO

Founding Team

North American Iron Investors

Notable investors and investment history

North American Iron investors
InvestorRounds
O'Leary VenturesVC Round
North Dakota Development FundVC Round
State of North DakotaDebt

North American Iron Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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North American Iron Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersMinot, North Dakota
Employee Range3
Year Founded2021
Last FundingJun 28, 2026

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