Niron Magnetics
Minneapolis, US · Founded 2013 · 6 known investors
Niron Magnetics is a U.S.-based advanced manufacturing company producing rare-earth-free permanent magnets made from Iron Nitride, operating the full production chain from feedstock to finished magnets. Its magnets target industrial applications such as electric motors and electrified systems.
Founders & leadership
Niron Magnetics was founded in 2013 by Jianping Wang.
Board
AS
Amit ShahBoard director
Investors · 6
Stellantis Ventures✓ verified
Anzu PartnersBillerica
Artiman VenturesPalo Alto · $2M – $6M
Light RayNew York
Also in the syndicate · 2
GM VenturesShakopee Mdewakanton Sioux Community
Reported raises · per SEC filings
Form D private placements$106M disclosed across 4 of 5 rounds · 2016–2026
▶$90.6MraisedMar 2024 · 81 investors · Other TechnologyRule 506(b)
▶$90.6MraisedMar 2024 · 81 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Amit ShahDirector
- Lawrence BurnsDirector
- David MichaelDirector
- Donald RosenbergDirector
- Jonathan RowntreeExecutive Officer, Director
- Jimmy KanDirector
- Steve BullockDirector
- Offering amount
- $92.4M
- Amount sold
- $90.6M
- First sale
- Dec 2023
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$3.9MraisedSep 2019 · 10 investors · Other TechnologyRule 506(b)
▶$3.9MraisedSep 2019 · 10 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- JIANPING WANGDirector
- DAVID SELDINDirector
- LEONARD A. BLACKBURNExecutive Officer, Director, Promoter
- AMIT SHAHDirector
- Offering amount
- $3.9M
- Amount sold
- $3.9M
- First sale
- Sep 2019
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$5MraisedDec 2016 · 1 investors · Other TechnologyRule 506(b)
▶$5MraisedDec 2016 · 1 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- David SeldinDirector
- Jianping WangDirector
- Francis ThibodeauExecutive Officer, Director
- Amit ShahDirector
- Offering amount
- $5M
- Amount sold
- $5M
- Minimum investment
- $5M
- First sale
- Dec 2016
- Incorporated
- Corporation, Delaware, 2013
- Federal exemptions
- 06b
▶$6.4MraisedJun 2016 · 8 investors · Other TechnologyRule 506(b)
▶$6.4MraisedJun 2016 · 8 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Jianping WangDirector
- Francis ThibodeauExecutive Officer, Director
- Amit ShahDirector
- Offering amount
- $7M
- Amount sold
- $6.4M
- Minimum investment
- $17.8K
- First sale
- Jun 2016
- Incorporated
- Corporation, Delaware, 2013
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
In the news
Niron Magnetics Iron Nitride Magnet Plant Fundingrareearthexchanges.com · Aug 2026
NIRON MAGNETICS RECEIVES $150 MILLION LOAN FROM THE SHAKOPEE MDEWAKANTON SIOUX COMMUNITY TO SUPPORT IRON NITRIDE MAGNET MANUFACTURINGprnewswire.com · Aug 2026
$150 million tribal loan advances Niron Magnetics' plan to build magnets without rare earth metals | MPR Newsmprnews.org · Aug 2026
Pentagon invests $150M in Minnesota magnet company Niron Magneticsnorthernnewsnow.com · Aug 2026Frequently asked questions
- What does Niron Magnetics do?
- Niron Magnetics is a U.S.-based advanced manufacturing company producing rare-earth-free permanent magnets made from Iron Nitride, operating the full production chain from feedstock to finished magnets. Its magnets target industrial applications such as electric motors and electrified systems.
- Who founded Niron Magnetics?
- Niron Magnetics was founded by Jianping Wang in 2013.
- Who are Niron Magnetics's investors?
- Niron Magnetics's investors include Stellantis Ventures, Anzu Partners, Artiman Ventures, Light Ray.
- How much funding has Niron Magnetics raised?
- Niron Magnetics has disclosed $106M raised across 4 of its 5 known rounds.
- Where is Niron Magnetics headquartered?
- Niron Magnetics is headquartered in Minneapolis, US.