# Pratik Budhdev

> Pratik Budhdev is a seed investor at Niron Magnetics (San Francisco) backing SaaS and Software. See 5 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Niron Magnetics](https://shizune.co/investors/profile/niron-magnetics)
- Location: San Francisco, United States
- Total investments: 5
- Last investment: Jul 2021
- Lead investor: 60%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/pratikbudhdev/
- X (Twitter): https://twitter.com/pratikjb
- Website: https://x.com/pratikjb

Pratik Budhdev is a seed investor at Niron Magnetics in San Francisco focused on SaaS and Software. Pratik Budhdev is Global Investment Director at Volvo Cars Tech Fund. He attended Stanford University Graduate School of Business.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| SaaS | 2 | 40% |
| Software | 2 | 40% |
| Automotive | 2 | 40% |
| Apps | 1 | 20% |
| Energy | 1 | 20% |

19 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 40% |
| Series A | 1 | 20% |
| Venture - Series Unknown | 1 | 20% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 3 | 60% |
| Canada | 1 | 20% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Niron Magnetics | Niron develops innovative advanced magnetic materials for high performance and low-cost permanent magnets. Permanent magnets play a vital, hidden role in modern technologies. Common devices that we use daily, such as computers, appliances, and automobiles are powered by permanent-magnet motors that convert electricity to motion. In the productionof electricity, permanent magnets are found at the heart of generators.Despite their ubiquity, however, magnets themselves have not kept pace with demands of higher performance, lighter weight machines. In fact, it has been almost 25 years since the last new magnetic material (NdFeB) became commercially available. As hybrid and electric vehicles fill the streets, and wind power generation continues to be one of the fastest growing means of producing electricity, the demand for increased efficiency needs to be met with innovative new magnetic materials.Niron Magnetics is developing the world’s first advanced manufacturing process for the mass production of permanent magnets powered by our breakthrough material formulation. Niron’s proprietary Iron nitride magnets possess inherently higher magnetization and can be produced at a lower cost compared to today’s rare-earth magnets, and will enable a revolution in the design of new electric motors and generators.Niron was founded in 2014 as a spinout of University of Minnesota and is based on technology that has received the support of ARPA-E, the National Science Foundation (NSF), and the Department of Energy Office of Basic Energy Sciences. | $21.3M | Venture - Series Unknown | Jul 29, 2021 |  |
| Actasys | Actasys solves a critical problem that prevents the achievement of greater levels of autonomous mobility and affects massive investments by the automotive industry – the ability of automotive sensors and cameras to see in all weather and operating conditions. Actasys is commercializing its patented ActaJet™ technology, a cost-effectiveelectronically controlled system of small actuators that locally generates strong jets of air at the sensor location. This validated system cleans and maintains the visual clarity of sensors and cameras, achieving safety, and enabling optimal operation of ADAS and autonomous vehicles. | $5M | Seed | Dec 02, 2020 |  |
| StreamLoan | StreamLoan is a SaaS/mobile collaboration and workflow platform, simplifying residential home purchases. StreamLoan was founded in 2015 by Stephen Bulfer and Armando Gonzalez, to bring a simple experience to getting a mortgage (or loan). StreamLoan headquarters is located in San Francisco, CA. |  | Seed | Jan 01, 2017 |  |
| Fusebill | Fusebill simplifies subscription and billing management by automating many manual accounting and financial processes and workflows. Our cloud-based platform gives companies the freedom to grow their businesses, the flexibility to capitalize on new product opportunities, and the agility to maintain a competitive edge.Fusebill is backed byprivate investors and institutional investors including OMERS Ventures and Covington Funds. | $6M | Series A | Sep 12, 2016 |  |
| StreamLoan | StreamLoan is a SaaS/mobile collaboration and workflow platform, simplifying residential home purchases. StreamLoan was founded in 2015 by Stephen Bulfer and Armando Gonzalez, to bring a simple experience to getting a mortgage (or loan). StreamLoan headquarters is located in San Francisco, CA. |  | Seed |  |  |

5 of 5 investments shown.

## Co-investors
- [Anzu Partners](https://shizune.co/investors/profile/anzu-partner) — VC Fund, 1 deal together
- [Next Gear Ventures](https://shizune.co/investors/profile/nextgear-ventures) — VC Fund, 1 deal together
- [OMERS Ventures](https://shizune.co/investors/profile/omers-ventures) — VC Fund, 1 deal together
- [ScaleUP Ventures](https://shizune.co/investors/profile/scaleup-ventures) — VC Fund, 1 deal together
- [University of Minnesota](https://shizune.co/investors/profile/university-of-minnesota) — VC Fund, 1 deal together
- [Volta Energy Technologies](https://shizune.co/investors/profile/volta-energy-technologies) — VC Fund, 1 deal together

## About Niron Magnetics

VC Fund · Minneapolis, United States

Niron develops innovative advanced magnetic materials for high performance and low-cost permanent magnets. Permanent magnets play a vital, hidden role in modern technologies. Common devices that we use daily, such as computers, appliances, and automobiles are powered by permanent-magnet motors that convert electricity to motion. In the productionof electricity, permanent magnets are found at the heart of generators.Despite their ubiquity, however, magnets themselves have not kept pace with demands of higher performance, lighter weight machines. In fact, it has been almost 25 years since the last new magnetic material (NdFeB) became commercially available. As hybrid and electric vehicles fill the streets, and wind power generation continues to be one of the fastest growing means of producing electricity, the demand for increased efficiency needs to be met with innovative new magnetic materials.Niron Magnetics is developing the world’s first advanced manufacturing process for the mass production of permanent magnets powered by our breakthrough material formulation. Niron’s proprietary Iron nitride magnets possess inherently higher magnetization and can be produced at a lower cost compared to today’s rare-earth magnets, and will enable a revolution in the design of new electric motors and generators.Niron was founded in 2014 as a spinout of University of Minnesota and is based on technology that has received the support of ARPA-E, the National Science Foundation (NSF), and the Department of Energy Office of Basic Energy Sciences.

3 contacts available at Niron Magnetics.

| Name | Title | Profile |
| --- | --- | --- |
| Andy Blackburn | CEO | https://shizune.co/investors/profile/andy-blackburn |
| Jian-Ping Wang | Founder & CTO | https://shizune.co/investors/profile/jian-ping-wang |
| Pratik Budhdev | Investor | https://shizune.co/investors/profile/pratik-budhdev |

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## FAQ

### What does Pratik Budhdev invest in?

Pratik Budhdev invests primarily in SaaS, Software and Automotive startups, most often at Seed and Series A stage. Most of the 5 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Pratik Budhdev last invest?

The most recent investment recorded for Pratik Budhdev closed in Jul 2021. Shizune tracks 5 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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