Vulcan Elements valuation, funding and investors
Vulcan Elements works in rare-earth permanent magnet manufacturing, based in Durham, United States. Founded in 2023, it has about 83 employees.
- Last round
- Series A · $65.0M · Aug 2025
- Valuation at last round
- $250M
- Headcount
- 83 · growing
- Grade
- B
- Founded
- 2023
Vulcan Elements valuation today
VCMC values Vulcan Elements at $591M today, with a range of $237M to $680M and a grade of B. The valuation starts from its last funding round, a Series A round in Aug 2025.
Valuation by date (48 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2023 | $22.1M | $8.05M – $60.7M | $24.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2023 | $22.3M | $8.11M – $61.2M | $24.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2023 | $22.4M | $8.16M – $61.6M | $24.5M (+9%) | before first round | – | unknown | D | 0% |
| 1 Apr 2023 | $22.6M | $8.22M – $62.0M | $24.7M (+9%) | before first round | – | unknown | D | 0% |
| 1 May 2023 | $22.8M | $8.28M – $62.5M | $24.8M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jun 2023 | $22.9M | $8.35M – $63.0M | $25.0M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jul 2023 | $23.1M | $8.41M – $63.4M | $25.2M (+9%) | before first round | – | unknown | D | 0% |
| 1 Aug 2023 | $23.3M | $8.47M – $63.9M | $25.2M (+8%) | before first round | – | unknown | D | 0% |
| 1 Sep 2023 | $23.4M | $8.53M – $64.4M | $25.2M (+8%) | before first round | – | unknown | D | 0% |
| 1 Oct 2023 | $23.6M | $8.59M – $64.8M | $25.2M (+7%) | before first round | – | unknown | D | 0% |
| 1 Nov 2023 | $23.8M | $8.66M – $65.3M | $25.2M (+6%) | before first round | – | unknown | D | 0% |
| 1 Dec 2023 | $24.0M | $8.72M – $65.8M | $25.2M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jan 2024 | $24.1M | $8.79M – $66.3M | $25.2M (+5%) | before first round | – | unknown | D | 0% |
| 1 Feb 2024 | $24.3M | $8.85M – $66.8M | $25.2M (+4%) | before first round | – | unknown | D | 0% |
| 1 Mar 2024 | $18.7M | $6.81M – $51.4M | $19.3M (+3%) | before first round | 3 | unknown | D | 0% |
| 1 Apr 2024 | $18.8M | $6.86M – $51.8M | $19.3M (+2%) | before first round | 3 | unknown | D | 0% |
| 1 May 2024 | $19.0M | $6.91M – $52.1M | $19.3M (+1%) | before first round | 3 | unknown | D | 0% |
| 1 Jun 2024 | $19.1M | $6.96M – $52.5M | $19.3M (+1%) | before first round | 3 | unknown | D | 0% |
| 1 Jul 2024 | $21.5M | $7.84M – $59.2M | $21.5M (0%) | before first round | 6 | unknown | D | 0% |
| 1 Aug 2024 | $21.5M | $7.84M – $59.2M | $21.5M (0%) | before first round | 6 | unknown | D | 0% |
| 1 Sep 2024 | $21.5M | $7.84M – $59.2M | $21.5M (0%) | before first round | 6 | unknown | D | 0% |
| 1 Oct 2024 | $21.5M | $7.84M – $59.2M | $21.5M (0%) | before first round | 6 | unknown | D | 0% |
| 1 Nov 2024 | $22.6M | $8.21M – $62.0M | $22.6M (0%) | before first round | 8 | unknown | D | 0% |
| 1 Dec 2024 | $22.6M | $8.21M – $62.0M | $22.6M (0%) | before first round | 8 | unknown | D | 0% |
| 1 Jan 2025 | $22.6M | $8.21M – $62.0M | $22.6M (0%) | before first round | 8 | unknown | D | 0% |
| 1 Feb 2025 | $22.6M | $8.21M – $62.0M | $22.6M (0%) | before first round | 8 | unknown | D | 0% |
| 1 Mar 2025 | $22.6M | $8.21M – $62.0M | $22.6M (0%) | before first round | 8 | unknown | D | 0% |
| 1 Apr 2025 | $22.6M | $8.21M – $62.0M | $22.6M (0%) | before first round | 8 | unknown | D | 0% |
| 1 May 2025 | $22.6M | $8.21M – $62.0M | $22.6M (0%) | before first round | 8 | unknown | D | 0% |
| 1 Jun 2025 | $22.6M | $8.21M – $62.0M | $22.6M (0%) | before first round | 8 | unknown | D | 0% |
| 1 Jul 2025 | $22.6M | $8.21M – $62.0M | $22.6M (0%) | before first round | 8 | unknown | D | 0% |
| 1 Aug 2025 | $37.2M | $15.9M – $74.0M | $37.2M (0%) | before first round | 24 | growing | C | 0% |
| 14 Aug 2025 | $250M | $217M – $518M | $450M (+80%) | after a round | 24 | growing | B | 0% |
| 1 Sep 2025 | $258M | $217M – $518M | $450M (+75%) | after a round | 24 | growing | B | 0% |
| 1 Oct 2025 | $271M | $217M – $527M | $458M (+69%) | after a round | 26 | growing | B | 0% |
| 1 Nov 2025 | $285M | $217M – $527M | $458M (+60%) | after a round | 26 | growing | B | 0% |
| 1 Dec 2025 | $303M | $217M – $544M | $473M (+56%) | after a round | 30 | growing | B | 0% |
| 1 Jan 2026 | $320M | $217M – $544M | $473M (+48%) | after a round | 30 | growing | B | 0% |
| 1 Feb 2026 | $346M | $217M – $573M | $498M (+44%) | after a round | 38 | growing | B | 0% |
| 1 Mar 2026 | $365M | $217M – $573M | $498M (+37%) | after a round | 38 | growing | B | 0% |
| 1 Apr 2026 | $387M | $217M – $573M | $498M (+29%) | after a round | 38 | growing | B | 0% |
| 1 May 2026 | $432M | $217M – $619M | $538M (+24%) | after a round | 54 | growing | B | 0% |
| 1 Jun 2026 | $461M | $217M – $619M | $538M (+17%) | after a round | 54 | growing | B | 0% |
| 1 Jul 2026 | $491M | $217M – $619M | $538M (+9%) | after a round | 54 | growing | B | 0% |
| 1 Aug 2026 | $552M | $217M – $653M | $568M (+3%) | after a round | 69 | growing | B | 0% |
| 1 Sep 2026 | $568M | $222M – $653M | $568M (0%) | after a round | 69 | growing | B | 0% |
| 1 Oct 2026 | $591M | $231M – $680M | $591M (0%) | after a round | 83 | growing | B | 0% |
| 24 Oct 2026 | $591M | $237M – $680M | $591M (0%) | after a round | 83 | growing | B | 0% |
Key facts about Vulcan Elements
- Founded
- 2023
- Headquarters
- Durham, United States
- Employees
- about 83 +219% in a year
- Total raised
- $735M
- Funding rounds
- 3
- Last round
- Debt Nov 2025
Vulcan Elements funding history
Vulcan Elements has 3 funding rounds on record, from Aug 2025 to Nov 2025, $735M in total. The latest disclosed valuation is $250M post-money (Series A, Aug 2025).
Debt 21 Nov 2025no round page
Led by Office of Strategic Capital.
Sources: reelementtech.com, war.gov, en.wikipedia.org
$620M
Grant 3 Nov 2025no round page
With U.S. Department of Commerce.
Sources: reelementtech.com, newsobserver.com, vulcanelements.com
$50M
Series A 13 Aug 2025
Led by Altimeter; with One Investment Management.
Sources: vulcanelements.com, vulcanelements.com, vulcanelements.com
$65M
$250M post-money
Vulcan Elements investors
4 investors have backed Vulcan Elements; Altimeter and Office of Strategic Capital led at least one round.
- Altimeter lead
- Office of Strategic Capital lead
- U.S. Department of Commerce
What Vulcan Elements does
Vulcan Elements works in electronical components manufacturing, with 16 recorded offerings and customers in defense, industrial, consumer electronics and semiconductor.
Vulcan Elements is a U.S. manufacturer engaged in the production of rare earth permanent magnets for defense and commercial applications. The company operates a commercial manufacturing and research and development facility in Durham, North Carolina, and collaborates with public and private sector partners to support the domestic rare earth magnet supply chain. Vulcan Elements also engages in supply chain security initiatives and maintains partnerships with companies in the United States and allied countries.
Description from Veridion's company data.
Products and services
- Rare-Earth Permanent Magnet Manufacturing
- Rare-Earth Magnet Research and Development
- Metallurgical Process Optimization and Scaling
- Alternative Raw Material Qualification and Integration
- Defense and Industrial Magnet Solutions
- Critical Material Supply Chain Resilience
- Magnetic Technology Advancement Services
- Pilot-Scale Magnet Production
- Laboratory-to-Manufacturing Process Transition
- Metallurgical Engineering Consulting
- Materials Science Consulting
- Government and Industry Collaboration Services
- National Security Magnet Solutions
- Semiconductor and AI Magnet Solutions
- Consumer Electronics Magnet Solutions
- Industrial Motor Magnet Solutions
Markets
- Defense
- Industrial
- Consumer Electronics
- Semiconductor
- Aerospace
Supply chain
- Strategic Sourcing
- Supplier Collaboration
- Resilient Sourcing
Business model
- Business-to-Business
- Manufacturing
- Enterprise
Industry codes (NAICS)
- 331491 Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Extruding 100% match
Questions about Vulcan Elements
What is Vulcan Elements worth?
Valuation $591M (range $237M to $680M), as of 24 Oct 2026. The last disclosed valuation was $250M (Series A, Aug 2025).
Has Vulcan Elements raised money?
Vulcan Elements has 3 funding rounds on record, from Aug 2025 to Nov 2025, $735M in total. The latest disclosed valuation is $250M post-money (Series A, Aug 2025).
Who has invested in Vulcan Elements?
Altimeter, Office of Strategic Capital, One Investment Management and U.S. Department of Commerce. Lead investors include Altimeter and Office of Strategic Capital.
How many people work at Vulcan Elements?
About 83, up 219% over the last year. Headcount grew from 3 in Mar 2024 to 83 in Sep 2026.
What does Vulcan Elements do?
Vulcan Elements works in electronical components manufacturing, with 16 recorded offerings and customers in defense, industrial, consumer electronics and semiconductor. Its main offerings are rare-earth permanent magnet manufacturing, rare-earth magnet research and development and metallurgical process optimization and scaling.
When was Vulcan Elements founded, and where is it based?
Vulcan Elements was founded in 2023 and is based in Durham, United States. It has about 83 employees, up 219% over the last year.