Pragmatic Semiconductor, the world leader in manufacturing flexible integrated circuits, has announced that it has completed a first close of its Series D funding round, securing an investment of £162m.
The company is planning a limited second close for key investors, of which £20m additional investment is already allocated. M&G’s Catalyst and UK Infrastructure Bank co-led the funding round with participation from new investors including Northern Gritstone, Latitude and MVolution Partners, and existing investors such as British Patient Capital, Cambridge Innovation Capital and Prosperity7 Ventures…
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