Flexible Electronics News

Pragmatic Semiconductor Secures $231 Million Investment

Largest ever European semiconductor venture funding round supports further expansion of manufacturing in the UK.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Pragmatic Semiconductor announced that it has completed a first close of its Series D funding round, securing an investment of £162m ($206m). The company is planning a limited second close for key investors, of which £20m ($25m) additional investment is already allocated. M&G’s Catalyst and UK Infrastructure Bank co-led the funding round with participation from new investors including Northern Gritstone, Latitude and MVolution Partners, and existing investors such as British Patient Capit...

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