# Pragmatic Semiconductor raises $125M Series C for fab expansion

Pragmatic Semiconductor secured $35 million additional investment, bringing its Series C round to $125 million. The funding will be used for a second fabrication line (FlexLogic-002) to increase production capacity by more than 5 times, and a new 15-acre Pragmatic Park site in Durham, England.

- Type: Investment
- Announced: 2022-12-14
- Where: Durham, England, United Kingdom
- Value: $125.0M
- Status: announced
- Capacity: 5 times increase in production capacity
- Products: flexible integrated circuits
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Pragmatic Semiconductor](https://endata.com/companies/61769.md)
- [British Patient Capital](https://endata.com/companies/67323.md) (investor)
- [In-Q-Tel](https://endata.com/companies/67324.md) (investor)

## Sources

- [nmi.org.uk](https://nmi.org.uk/pragmatic-semiconductor-increases-series-c-funding-to-125-million/), 2022-12-14: "The extra funding will be used to accelerate and expand Pragmatic’s growth plans."
- [newelectronics.co.uk](https://www.newelectronics.co.uk/content/news/pragmatic-semiconductor-increases-series-c-funding-to-125-million), 2022-12-14: "The extra funding will be used to accelerate and expand Pragmatic’s growth plans."
- [vipress.net](https://vipress.net/pragmatic-semiconductor-porte-son-financement-a-125-millions-de-dollars/), 2022-12-15: "Ce cycle d'investissement sursouscrit, malgré les conditions macroéconomiques difficiles, est un énorme vote de confiance dans la technologie unique de Pragmatic."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.