# MagDrive Technologies funding: rounds and investors

> MagDrive Technologies has raised $3.5M across 1 round since 2025. Investors include Small Business Innovation Research and NASA. Every round with its source.

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

United States · [Venture startup](https://millionrounds.com/companies)

# Who invested in *MagDrive Technologies*

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

Cleantech

Funding summary Updated 26 Oct 2026

**$3.5M** raised across 1 round since 2025, from 1 source

- **Latest round:** Venture, $3.5M Jul 2025
- **Investors:** 2

See who backed them

## The rounds

- **Jul 2025** Venture **$3.5M** [Small Business Innovation Research](https://millionrounds.com/fund/small-business-innovation-research) [NASA](https://millionrounds.com/fund/nasa-national-aeronautics-and-space-administration) Source recorded SEC filing: $3.5M sold, first sale Jul 2025

## Founders and team

From MagDrive Technologies's own website: 3 founders.

**Nick Runyon** Co-Founder, CEO

**Pete Strom** Co-Founder, CFO

**Steve Sanford** Co-Founder, COO

## Everyone who backed them

[Small Business Innovation Research](https://millionrounds.com/fund/small-business-innovation-research) Government **1** round

[NASA](https://millionrounds.com/fund/nasa-national-aeronautics-and-space-administration) Company **1** round

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

## Quick answers about MagDrive Technologies

### Who invested in MagDrive Technologies?

MagDrive Technologies's investors include Small Business Innovation Research and NASA.

### How much has MagDrive Technologies raised?

MagDrive Technologies has raised $3.5M across 1 round since 2025.

### When did MagDrive Technologies last raise?

MagDrive Technologies's most recent round was a Venture of $3.5M in Jul 2025.

### What was MagDrive Technologies's biggest round?

Its most recent round, $3.5M in Jul 2025, is also its largest on record.

### Who backed MagDrive Technologies first?

MagDrive Technologies's first round on record, in Jul 2025, was backed by Small Business Innovation Research and NASA.

### What stage is MagDrive Technologies at?

MagDrive Technologies's latest named round is a Venture, in Jul 2025.

### Where is MagDrive Technologies based?

MagDrive Technologies is based in the United States.

## Companies like MagDrive Technologies

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

[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**LanzaJet** $67M · Oct 2026](https://millionrounds.com/company/lanzajet)[**Pivot Energy** $500M · Oct 2026](https://millionrounds.com/company/pivot-energy)[**Peak Energy** $163M · Oct 2026](https://millionrounds.com/company/peak-energy)[**Renew** $207M · Oct 2026](https://millionrounds.com/company/renew)[**Optivolt** $37M · Oct 2026](https://millionrounds.com/company/optivolt)

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