# PragmatIC Semiconductor

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pragmatic-semiconductor

- Industry: Electronics
- Headquarters: Sedgefield, UK
- Website: www.pragmaticsemi.com
- Total disclosed funding: $255M
- Latest round: Series D (Dec 18, 2023)
- Investors on record: 11

## About

Based in the UK, PragmatIC Semiconductor Limited specializes in the production of flexible integrated circuits, enabling innovative applications across various sectors through their unique chip technology.PragmatIC Semiconductor Limited, founded in 2010 in Sedgefield, UK, focuses on creating flexible integrated circuits. The company has undergone strategic development to enhance its manufacturing capabilities and has secured significant investment, including GBP 164.72 mn in Series D funding as of December 2023, led by new investors M&G Investments and UK Infrastructure Bank. The company has raised a total of GBP 164.72 mn to date and is currently valued at GBP 482.77 mn. No mention of subsidiaries or previous mergers has been stated, and the founder's prior entrepreneurial history is not available.PragmatIC Semiconductor specializes in flexible integrated circuits, known as FlexICs, which utilize thin-film transistor technology on flexible substrates. These chips are designed for integration into consumer electronics, smart packaging, healthcare, supply chain management, and other sectors. The company’s products enhance connectivity and intelligence at the item level, particularly for NFC applications, catering to markets in North America, Europe, and parts of Asia.In the most recent year, PragmatIC Semiconductor reported revenue of GBP 2,120,909.40 and an EBITDA of GBP -41,462,845.90. The company generates income through the sale of its FlexIC products, primarily focusing on B2B partnerships with manufacturers in various industries.Following its recent Series D funding round on December 18, 2023, PragmatIC Semiconductor plans to leverage the raised GBP 164.72 mn to construct additional fabrication lines at its facility in Durham. This expansion aims to enhance production capacity and support the launch of new products targeting the consumer electronics and healthcare sectors. The company is focused on extending its market presence, particularly in North America and Europe, by developing innovative solutions that cater to an evolving technological landscape.

## Funding rounds

- Series D, Dec 18, 2023, $209M — Aramco Ventures, M&G, Cambridge Innovation Capital, LocalGlobe, British Patient Capital, Northern Gritstone, National Wealth Fund, MVolution Partners
- Series C, Mar 29, 2022, $38M — In-Q-Tel, Aramco Ventures, British Patient Capital, Maven VCT
- Series A, Dec 22, 2014, $8.5M — Arm Limited, Cambridge Innovation Capital

## Investors

- Arm Limited — Series A
- Cambridge Innovation Capital (https://capitalatlas.ai/funds/cambridge-innovation-capital) — Series A, Series D
- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Series C
- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Series C, Series D
- British Patient Capital — Series C, Series D
- Maven VCT — Series C
- M&G (https://capitalatlas.ai/funds/m-g) — Series D
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Series D
- Northern Gritstone (https://capitalatlas.ai/funds/northern-gritstone) — Series D
- National Wealth Fund — Series D
- MVolution Partners (https://capitalatlas.ai/funds/mvolution-partners) — Series D