Fundraising FoxNoveon
Texas, US · 3 known investors
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Noveon manufactures rare earth magnets in the United States using domestic materials, serving the electric motor and renewable energy sectors. The company aims to create a sustainable supply chain and reduce environmental impact in magnet production.
Founders & leadership
SD
Scott DunnFoundermanufacturer of sintered neodymium-iron-boron magnets. He has over a decade of experience in the rare earth magnet industry and has built the company from development through commercialization, including establishing a manufacturing facility in Texas and securing customer supply agreements.
Investors · 3
Cubit Capitallisted by Cubit CapitalDallas · $500K – $3M
How we know: Cubit Capital's portfolio page · the VCSheet dataset · Not right? Tell us
Also in the syndicate · 1
One Investment Management (OneIM)lead
Funding
SEC filings, press & company announcements$215M disclosed across 1 of 2 rounds · 2023–2026
- $215MSeries CJan 2026 · 2 sources
One Investment Management (OneIM) (lead)
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
In the news
Frequently asked questions
- What does Noveon do?
- Noveon manufactures rare earth magnets in the United States using domestic materials, serving the electric motor and renewable energy sectors. The company aims to create a sustainable supply chain and reduce environmental impact in magnet production.
- Who founded Noveon?
- Noveon was founded by Scott Dunn.
- Who are Noveon's investors?
- Noveon's investors include Cubit Capital, In-Q-Tel.
- How much funding has Noveon raised?
- Noveon has disclosed $215M raised across 1 of its 2 known rounds.
- Where is Noveon headquartered?
- Noveon is headquartered in Texas, US.