# Noveon Magnetics funding: rounds and investors

> Noveon Magnetics has raised $290M across 2 rounds since 2023. Investors include LD Capital and Shield Capital. Every round with its source.

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

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

# Who invested in *Noveon Magnetics*

2 rounds we have observed, with the 2 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.

Manufacturing

Raised 10 months ago

Funding summary Updated 26 Oct 2026

**$290M** raised across 2 rounds since 2023, from 2 sources

**$75M** Series B **$215M** Series C

- **Latest round:** Series C, $215M Jan 2026
- **Step-up i:** 2.9×
- **Investors:** 2

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.

2024 2025 2026

**$75M** Series B

**$215M** Series C

- **First round:** Series B, $75M
- **Biggest round:** $215M
- **Between rounds:** 2.7 years

## The rounds

- **Jan 2026** Series C **$215M** *1 returning* [LD Capital](https://millionrounds.com/fund/xie) Source recorded
- **May 2023** Series B **$75M** *2 new* [LD Capital](https://millionrounds.com/fund/xie) [Shield Capital](https://millionrounds.com/fund/shield-capital) Source recorded

## 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.

**Series B** 2023 **Series C** 2026 [LD Capital](https://millionrounds.com/fund/xie) [Shield Capital](https://millionrounds.com/fund/shield-capital)

## Everyone who backed them

[LD Capital](https://millionrounds.com/fund/xie) VC firm **2** rounds

[Shield Capital](https://millionrounds.com/fund/shield-capital) VC firm **1** round

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

## Quick answers about Noveon Magnetics

### Who invested in Noveon Magnetics?

Noveon Magnetics's investors include LD Capital and Shield Capital.

### How much has Noveon Magnetics raised?

Noveon Magnetics has raised $290M across 2 rounds since 2023.

### When did Noveon Magnetics last raise?

Noveon Magnetics's most recent round was a Series C of $215M in Jan 2026.

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

Its most recent round, $215M in Jan 2026, is also its largest on record.

### Who backed Noveon Magnetics first?

Noveon Magnetics's first round on record, in May 2023, was backed by LD Capital and Shield Capital.

### What stage is Noveon Magnetics at?

Noveon Magnetics's latest named round is a Series C, in Jan 2026.

### Where is Noveon Magnetics based?

Noveon Magnetics is based in the United States.

## Companies like Noveon Magnetics

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

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