MagDrive Technologies
$6.4Mtotal raised · 7 rounds on record
$3.5Mlatest round · Venture round · Jul 2025 · 16 mo ago
$1.1Mgrants · 2 grants · CORDIS
10+team · employees, estimated range
Overview
Eliminate Valve Stem Emissions. MagDrive™ magnetically actuated valves are engineered to cut leaks and increase reliability.
Funding and backers
Total raised
$6.4M
7 rounds on record
Latest round
$3.5M
Venture round · Jul 2025 · 16 mo ago
Team
11-50
employees, estimated range
Grants
$1.1M
2 grants · CORDIS
The money's age
Due for its next round
16 months since the last round · not hiring
Momentum
0/100
no fresh signals
The story so fareach stage dated by its source: the company's releases, the press, registers, filings
Sep 26, 2025
Won a grant $899k · CORDIS
Jan 24, 2025
Won a grant $156k · CORDIS
Jun 27, 2024
Board appointment Robert Holt, Director · SEC Form D
Jun 24, 2024
Raised a round Venture round $250k · SEC Form D
May 1, 2024
Raised a round Venture round $2M · SEC Form D
Oct 11, 2022
Raised a round Venture round $250k · SEC Form D
Jun 1, 2022
Raised a round Venture round $450k · SEC Form D
2022
Founded
Funding rounds
| Round | Date | Amount | Investors | Source |
|---|---|---|---|---|
| Grant | Sep 2025 | $899k | — | CORDIS |
| Venture round | Jul 2025 | $3.5M | — | SEC Form D |
| Grant | Jan 2025 | $156k | — | CORDIS |
| Venture round | Jun 2024 | $250k | — | SEC Form D |
| Venture round | May 2024 | $2M | — | SEC Form D |
| Venture round | Oct 2022 | $250k | — | SEC Form D |
| Venture round | Jun 2022 | $450k | — | SEC Form D |
Registers and programsofficial lists and records that name the company
| Legal entity | MagDrive Technologies, Inc. | SEC Form D |
Founders and leadersfrom filings, registers and the company's site
Peter StromExecutive Officer, DirectorSEC Form D
Stephen SanfordExecutive Officer, DirectorSEC Form D
David YakosExecutive Officer, DirectorSEC Form D
Nicholas RunyonExecutive Officer, DirectorSEC Form D
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Financials
Total raised
$7.5M
Latest round
Grant
Funding rounds
7
Funding rounds
People
Peter Strom
Executive Officer, Director
Stephen Sanford
Executive Officer, Director
David Yakos
Executive Officer, Director
Nicholas Runyon
Executive Officer, Director
Robert Holt
Director
Names and roles come from public filings, company registers and the company's own site. Is this you? Correct or remove · How we handle this data
Offices
Where the company hires and what each office is for
Cities
1
Hiring now
0
Countries
1
Bozeman
United States
HQ
Let's Eliminate Emissions Together
10-50 est. staff
10 Innovation Lane,, Bozeman MT 59718