Overview
alqem is focused on developing rare-earth-free magnets, positioning the company in advanced materials rather than a clearly defined AI category. Its work targets markets and supply chains seeking alternatives to rare-earth-dependent magnetic components. The company raised €8M in an undisclosed round from UVC Partners and Union Square Ventures. The financing supports its effort to identify and advance magnet materials that could reduce exposure to rare-earth constraints.
Funding History
alqem raises €8M from UVC Partners and Union Square Ventures to hunt for rare-earth-free magnets
Frequently Asked Questions
- How much has alqem raised in total?
- alqem has raised a total of $8M across 1 funding round.
- Who are alqem's investors?
- alqem's investors include UVC Partners, Union Square Ventures.
- What does alqem do?
- alqem is focused on developing rare-earth-free magnets, positioning the company in advanced materials rather than a clearly defined AI category. Its work targets markets and supply chains seeking alternatives to rare-earth-dependent magnetic components. The company raised €8M in an undisclosed round from UVC Partners and Union Square Ventures. The financing supports its effort to identify and advance magnet materials that could reduce exposure to rare-earth constraints.
- Where is alqem headquartered?
- alqem is headquartered in San Francisco, CA.
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