# 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.

- Type: Investment
- Announced: 2022-12-14
- Where: County Durham, United Kingdom
- Value: $35.0M (28.2M GBP)
- Jobs: 125
- Status: announced
- 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)
- [Maven Capital Partners](https://endata.com/companies/37812.md) (investor)
- [North East Development Capital Fund](https://endata.com/companies/37813.md) (investor)
- [British Patient Capital](https://endata.com/companies/67323.md) (investor)
- [In-Q-Tel](https://endata.com/companies/67324.md) (investor)
- [Prosperity7 Ventures](https://endata.com/companies/67325.md) (investor)
- [Finance Durham Fund](https://endata.com/companies/67356.md) (investor)

## Sources

- [business-live.co.uk](https://www.business-live.co.uk/manufacturing/chip-manufacturer-pragmatic-scoops-282m-25747483), 2022-12-14: "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."
- [inkl.com](https://www.inkl.com/news/chip-manufacturer-pragmatic-scoops-28-2m-to-fuel-county-durham-factory-plans), 2022-12-14: "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."
- [businesscloud.co.uk](https://businesscloud.co.uk/news/flexible-electronics-firm-pragmatic-adds-28m-funding/), 2022-12-15: "This oversubscribed investment round, in spite of the challenging macroeconomic conditions, is a huge vote of confidence."

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