Noveon

Noveon

Private
San Marcos, TexasFrontier & Industrial Techhttps://www.noveon.co

Last Round

Series C

Jan 19, 2026

Est. Valuation

$300M

Total Funding Raised

$344.8M

Company Overview

Noveon is a recycling and materials technology company that specializes in a magnet-to-magnet recycling system to produce neodymium magnets from scrap feedstocks, utilizing alternative raw materials to enhance the manufacturing of rare earth permanent magnets for improved performance at competitive prices.

Sector

Frontier & Industrial Tech

Verticals

Advanced Materials, Circular Economy, Defense Tech, Electric Vehicles, Renewable Energy

Business Model

B2B

Customer Profile

Hardware Sales, Government Contracts

AI Layer

Non-AI

Keywords

rare earth magnetsneodymium magnetsmagnet recyclingdomestic supply chainclosed-loop recyclingcritical materialssintered magnetsNdFeB magnetscircular economyadvanced materialsreshoringEV componentsdefense techurban miningwind turbine components

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Noveon Comps

Public and private peers based on 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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Noveon Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series CJan 19, 2026
Series BMay 16, 2023
GrantJul 21, 2020
Series AJun 14, 2016

Key People

Founding team and executive leadership

Scott Dunn

Chief Executive Officer

Executive Team

Miha Zakotnik

Chief Technology Officer

Executive Team

Viji Subramanyam

Chief Financial Officer

Executive Team

Hugo Haussner

Chief Operating Officer

Executive Team

Market signals

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  • Jan 19, 2026

    $215M round raised.

  • Jan 6, 2026

    Partnered with Kangwon Energy and LG Electronics for closed-loop recycling.

Noveon Filings

SEC and related filings with document metadata.

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Noveon Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersSan Marcos, Texas
Employee Range84
Year Founded2021
Last FundingJan 19, 2026

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