British Patient Capital

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.

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.