Startup · United Kingdom
HyProMag
HQ Pforzheim, United KingdomFounded 2018Updated
Our aim is to develop a full recycling supply chain for rare earth magnets based upon neodymium iron boron (NdFeB).
Funding2 rounds · ~$3.1M
- Equity raised
- ~$3.1M
- Latest
- ~$2.7MConvertible · May 16, 2023
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| May 16, 2023 | Convertible | ~$2.7M | — | Maginito Ltd (Mkango Resources subsidiary) | — | Reported |
| Sep 23, 2019 | Strategic | ~$371K | — | Maginito Ltd (Mkango Resources subsidiary) | — | Speculative |
- Convertible~$2.7MMay 16, 2023
- ~$371KSep 23, 2019
Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.
Capabilities1
| Technology | Role | Maturity | TRL | Notes | Confidence |
|---|---|---|---|---|---|
| Advanced manufacturing and materials | Developer | — | — | classify_sectors run 172, haiku, taxonomy 2026-10-19: Recycling supply chain for NdFeB rare-earth magnets; no defense customer stated. | Reported |
- Developerclassify_sectors run 172, haiku, taxonomy 2026-10-19: Recycling supply chain for NdFeB rare-earth magnets; no defense customer stated.—Reported
Maturity and TRL describe this organization's work; the field-wide maturity is on each technology's page.
Supply Chain2 inputs
Produces, processes or develops2
- DevelopsDevelops recycling of NdFeB magnet alloy containing this element; not a claim of isolated elemental output.Reported
- DevelopsDevelops recycling of NdFeB magnet alloy containing this element; not a claim of isolated elemental output.Reported
People3
| Person | Role |
|---|---|
| Allan Walton · LinkedIn ↗ | Founding Director |
| John Speight | Founding Director |
| Rex Harris | Founder |
Sources7
Profile3
- 1Companyhypromag website
Supports Organization · country
“Tyseley Energy Park The Fordrough Hay Mills Birmingham B25 8DW”
- 2
Sixth-Domain · Supports Organization · kind
“{"group": "startups", "id": "75139b0c-da11-4a79-bb6d-187fbac62996", "name": "HyProMag"}”
- 3
LinkedIn · Supports Organization · founded year, Organization · linkedin url
“founded_year: 2018”
Funding2
- 4
Globe Newswire via ADVFN · May 16, 2023 · Supports Funding round, Funding round · amount, Organization · ownership
“a loan facility for €2.5 million”
- 5
Mkango Resources (RNS) · Sep 23, 2019 · Supports Funding round · amount
“Maginito will invest £300,000 for an initial 25% interest in HyProMag”
Supply chain1
- 6
HyProMag · Supports Organization · description, Organization · name, Organization · website, Organization input
“Our aim is to develop a full recycling supply chain for rare earth magnets based upon neodymium iron boron (NdFeB).”
People1
- 7
Crunchbase · Supports Organization · hq city, Organization · linkedin url, Role
“hq_city: Pforzheim”
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.