• Pragmatic Semiconductor secures £182m ($231m) investment led by M&G and UK Infrastructure Bank

    Pragmatic Semiconductor secures £182m ($231m) investment led by M&G and UK Infrastructure Bank

    Pragmatic Semiconductor, the world leader in manufacturing flexible integrated circuits, today 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 Capital, Cambridge Innovation Capital and Prosperity7 Ventures (the diversified growth fund under Aramco Ventures).

    Source: North East Technology Park

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