Startup · $10m raised
Uses solid-state magnets instead of water to extract higher-grade iron ore for green iron production
Adelaide, SA
Every investor coverage indicates participated in a round DryFlow Magnetics raised.
| Investor | Rounds | Invested |
|---|---|---|
| Orion Industrial Ventures | Seed | - |
| Taronga Group | Seed | - |
| Virescent Ventures | Seed | - |
Investors whose own portfolio pages list DryFlow Magnetics, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| Significant Capital Ventures | its portfolio page ↗ |
Companies DryFlow Magnetics acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Brett Boynton | Chief Executive | Virescent Ventures, RenewEconomy (15 Apr 2026), RenewEconomy (15 Apr 2026), Startup Daily |
| Rob Thomas | Mining and Minerals Principal Advisor | RenewEconomy (15 Apr 2026), RenewEconomy (15 Apr 2026) |
Stories naming DryFlow Magnetics. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Virescent Ventures announces it co-led DryFlow Magnetics' $10m seed round with Orion Industrial Ventures and Taronga Group, funding a demonstrator for the startup's dry ore-beneficiation technology.
Adelaide magnetic-technology venture DryFlow Magnetics, freshly backed by a $10 million seed round, will trial its waterless ore-extraction system at Peak Iron's Hawks Nest site, targeting premium iron for green steel.