Molecular compounds with photoswitchable magnetic properties have been intensively investigated over the last decades due to their prospective applications in nanoelectronics, sensing and magnetic data storage. The family of coppernitroxide-based molecular magnets represents a new promising type of photoswitchable compounds. We report the first study of these appealing systems using femtosecond optical spectroscopy. We unveil the mechanism of ultrafast (< 50 fs) spin state photoswitching and establish its principal differences compared to other photoswitchable magnets. On this basis, we propose potential advantages of copper-nitroxide-based molecular magnets for the future design of ultrafast magnetic materials.Among various photoswitchable materials, special attention has been given to spin-crossover (SCO) compounds and the light-induced excited spin state trapping (LIESST) phenomenon, which allow optical manipulation of the magnetization by switching the molecules between high-and low-spin states. [1, 2] In the solid state it is also possible to reach new phases through light-control of structural order between SCO molecules. [3] LIESST has been extensively investigated in common SCO compounds, with the complete photocycle revealed and dynamics of photoswitching studied on femtosecond timescale in solution [4] and the solid state. [5] More recently, another type of promising spin-crossover-like compounds has emerged. These copper-nitroxide-based molec-