# DryFlow Magnetics funding: rounds and investors

> DryFlow Magnetics has raised $44M across 2 rounds since 2026. Investors include Orion Mine Finance, Virescent Ventures and Taronga Ventures.

Source: https://millionrounds.com/company/dryflow-magnetics (Millionrounds; every figure on the page links to its filing or article)

Australia · [Funded startup](https://millionrounds.com/companies)

# Who invested in *DryFlow Magnetics*

2 rounds we have observed, with the 3 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Chemicals & Materials Cleantech Oil & Gas

Raised this month

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Funding summary Updated 5 Nov 2026

**$44M** raised across 2 rounds since 2026, from 3 sources

**$10M** Seed **$34M** Grant

- **Latest round:** Grant, $34M Oct 2026
- **Step-up i:** 3.4×
- **Investors:** 3 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2027

**$10M** Seed

**$34M** Grant

- **First round:** Seed, $10M
- **Biggest round:** $34M
- **Between rounds:** 6 months

## The rounds

- **Oct 2026** Grant **$34M** No investor was named in the report. Reported by Google News search
- **Apr 2026** Seed **$10M** *3 new* [Orion Mine Finance](https://millionrounds.com/fund/orion-industrial-ventures) Lead [Virescent Ventures](https://millionrounds.com/fund/virescent-ventures) [Taronga Ventures](https://millionrounds.com/fund/taronga-group) Reported by Startup Daily and 1 other

## Founders and team

From DryFlow Magnetics's own website: 3 founders, 1 on the team.

**Elena Stocker** Co-Founder and

**Jon Robbeson** Founder and

**Nadia Huang** Co-Founder and

- **Ivan Mellado** Non-exectutive director

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2026 **Grant** 2026 [Orion Mine Finance](https://millionrounds.com/fund/orion-industrial-ventures) L [Virescent Ventures](https://millionrounds.com/fund/virescent-ventures) [Taronga Ventures](https://millionrounds.com/fund/taronga-group)

## Everyone who backed them

[Orion Mine Finance](https://millionrounds.com/fund/orion-industrial-ventures) VC firm **1** round, led 1

[Virescent Ventures](https://millionrounds.com/fund/virescent-ventures) VC firm **1** round

[Taronga Ventures](https://millionrounds.com/fund/taronga-group) Accelerator **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=dryflow-magnetics).

## Also claim to have backed them

This firm lists DryFlow Magnetics as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Significant Ventures](https://millionrounds.com/fund/significant-ventures) VC firm Per its own site

## Quick answers about DryFlow Magnetics

### Who invested in DryFlow Magnetics?

DryFlow Magnetics's investors include Orion Mine Finance, Virescent Ventures and Taronga Ventures.

### How much has DryFlow Magnetics raised?

DryFlow Magnetics has raised $44M across 2 rounds since 2026.

### When did DryFlow Magnetics last raise?

DryFlow Magnetics's most recent round was a Grant of $34M in Oct 2026.

### What was DryFlow Magnetics's biggest round?

Its most recent round, $34M in Oct 2026, is also its largest on record.

### Who backed DryFlow Magnetics first?

DryFlow Magnetics's first round on record, in Apr 2026, was backed by Orion Mine Finance, Virescent Ventures and Taronga Ventures.

### What stage is DryFlow Magnetics at?

DryFlow Magnetics's latest named round is a Grant, in Oct 2026.

### Where is DryFlow Magnetics based?

DryFlow Magnetics is based in Australia.

### Who led DryFlow Magnetics's rounds?

Orion Mine Finance led the Seed in 2026.

## Companies like DryFlow Magnetics

In the same sector, and raised in the last eighteen months.

[**Okra Solar** $15M · Nov 2026](https://millionrounds.com/company/okra-solar)[**Hysata** $146M · Sept 2026](https://millionrounds.com/company/hysata)[**Amber Electric** $56M · Sept 2026](https://millionrounds.com/company/amber-electric)[**Amber** $148M · Sept 2026](https://millionrounds.com/company/amber)[**Gridsight** $38M · Sept 2026](https://millionrounds.com/company/gridsight)[**Bower** $3.9M · Aug 2026](https://millionrounds.com/company/bower)

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