Fundraising FoxMagDrive Technologies
Bozeman, US · Founded 2022 · Delaware corporation
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MagDrive develops magnetic actuation technology for industrial valves, replacing mechanical packing seals with a patented magnetic coupling to achieve zero fugitive emissions and lower maintenance costs. It offers bespoke engineering and technology licensing partnerships to valve manufacturers in the energy, aerospace, and other flow-control sectors.
Founders & leadership
MagDrive Technologies was founded in 2022 by Nicholas Runyon, David Yakos, Peter Strom, and Stephen Sanford.
NR
Nicholas RunyonCo-founder
DY
David YakosCo-founder · Chief Innovation OfficerDavid Yakos is co-founder of Salient Technologies Inc., an industrial design and product development firm established in 1998 that has worked on wheelchair products, pet toys, and cryogenic valve technologies. He serves as Chief Inventor at Streamline Design and currently leads magnetic actuation valve development at MagDrive Technologies.
PS
Peter StromCo-founder
Board
RH
Robert HoltBoard director
Reported raises · per SEC filings
Form D private placements$6.4M disclosed across 5 rounds · 2022–2025
▶$3.5MraisedJul 2025 · 8 investors · Other TechnologyRule 506(b)
▶$3.5MraisedJul 2025 · 8 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Robert HoltDirector
- Nicholas RunyonExecutive Officer, Director, Promoter
- David YakosExecutive Officer, Director, Promoter
- Peter StromExecutive Officer, Director, Promoter
- Stephen SanfordExecutive Officer, Director, Promoter
- Offering amount
- $3.5M
- Amount sold
- $3.5M
- Minimum investment
- $250K
- First sale
- Jul 2025
- Incorporated
- Corporation, Delaware, 2022
- Federal exemptions
- 06b
▶$250KraisedJun 2024 · 1 investors · Other TechnologyRule 506(b)
▶$250KraisedJun 2024 · 1 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- David YakosDirector, Promoter
- Nicholas RunyonExecutive Officer, Director, Promoter
- STEPHEN SanfordDirector, Promoter
- Robert HoltDirector, Promoter
- Peter StromDirector, Promoter
- Offering amount
- $1M
- Amount sold
- $250K
- Minimum investment
- $250K
- First sale
- Jun 2024
- Incorporated
- Corporation, Delaware, 2022
- Federal exemptions
- 06b
▶$2MraisedMay 2024 · 1 investors · Other TechnologyRule 506(b)
▶$2MraisedMay 2024 · 1 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- David YakosDirector, Promoter
- Nicholas RunyonExecutive Officer, Director, Promoter
- Robert HoltDirector, Promoter
- STEPHEN SanfordDirector, Promoter
- Peter StromDirector, Promoter
- Offering amount
- $6M
- Amount sold
- $2M
- Minimum investment
- $500K
- First sale
- May 2024
- Incorporated
- Corporation, Delaware, 2022
- Federal exemptions
- 06b
▶$250KraisedOct 2022 · 2 investors · Other TechnologyRule 506(c)
▶$250KraisedOct 2022 · 2 investors · Other Technology
Rule 506(c)Officers, directors & promoters on the filing
- Stephen SanfordExecutive Officer, Director, Promoter
- David YakosExecutive Officer, Director, Promoter
- Peter StromExecutive Officer, Director, Promoter
- Nicholas RunyonExecutive Officer, Director, Promoter
- Offering amount
- $1M
- Amount sold
- $250K
- Minimum investment
- $6.2K
- First sale
- Oct 2022
- Incorporated
- Corporation, Delaware, 2022
- Federal exemptions
- 06c
▶$450KraisedAug 2022 · 8 investors · Other TechnologyRule 506(b)
▶$450KraisedAug 2022 · 8 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Peter StromExecutive Officer, Director, Promoter
- Stephen SanfordExecutive Officer, Director, Promoter
- David YakosExecutive Officer, Director, Promoter
- Nicholas RunyonExecutive Officer, Director, Promoter
- Offering amount
- $5M
- Amount sold
- $450K
- Minimum investment
- $10K
- First sale
- Jun 2022
- Incorporated
- Corporation, Delaware, 2022
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
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Frequently asked questions
- What does MagDrive Technologies do?
- MagDrive develops magnetic actuation technology for industrial valves, replacing mechanical packing seals with a patented magnetic coupling to achieve zero fugitive emissions and lower maintenance costs. It offers bespoke engineering and technology licensing partnerships to valve manufacturers in the energy, aerospace, and other flow-control sectors.
- Who founded MagDrive Technologies?
- MagDrive Technologies was founded by Nicholas Runyon, David Yakos, Peter Strom, Stephen Sanford in 2022.
- How much funding has MagDrive Technologies raised?
- MagDrive Technologies has disclosed $6.4M raised across 5 rounds.
- Where is MagDrive Technologies headquartered?
- MagDrive Technologies is headquartered in Bozeman, US.