Pragmatic Semiconductor raises £28.2m for County Durham factory

Pragmatic Semiconductor has raised £28.2m ($35m) in an oversubscribed Series C funding round, bringing the total to £100.8m ($125m), to accelerate plans for a new 175,000 sqft factory in County Durham, UK, creating 125 jobs.

“This oversubscribed investment round, in spite of the challenging macroeconomic conditions, is a huge vote of confidence in Pragmatic’s unique technology and business traction.”business-live.co.uk

• 3 sources
• business-live.co.ukChip manufacturer Pragmatic scoops £28.2m to fuel County Durham factory plans | Business LiveTom KeighleyDec 14, 2022
• inkl.comChip manufacturer Pragmatic scoops £28.2m to fuel…Dec 14, 2022
• businesscloud.co.ukFlexible electronics firm Pragmatic adds £28m fundingJonathan SymcoxDec 15, 2022

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