# Pragmatic Semiconductor: Semiconductors, Cambridge, United Kingdom

> Pragmatic Semiconductor: Pragmatic Semiconductor is a UK-based leader in flexible semiconductor technology, founded in 2010 and headquartered in Cambridge.

Source: https://millionrounds.com/startup/pragmatic-semiconductor (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Semiconductors startup](https://millionrounds.com/companies)

# Pragmatic Semiconductor

Pragmatic Semiconductor is a UK-based leader in flexible semiconductor technology, founded in 2010 and headquartered in Cambridge.

Funding reported Last round: Series D

Semiconductors Cambridge, United Kingdom

Company summary

- **Founded:** 2010 16 years old
- **Team:** 340 201 to 1,000 people
- **Funding reported:** 389.3M as listed, currency not stated
- **Last round:** Series D Dec 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Pragmatic Semiconductor has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Pragmatic Semiconductor

Pragmatic Semiconductor is a UK-based leader in flexible semiconductor technology, founded in 2010 and headquartered in Cambridge.

The company specializes in designing and manufacturing ultra-thin, flexible microchips known as FlexICs, which utilize thin-film semiconductors instead of traditional silicon. This innovative approach results in chips that are thinner than a human hair and more cost-effective to produce. Pragmatic operates its own fabrication facilities, including a large-scale 300 mm flexible semiconductor fab at Pragmatic Park in Durham, UK. The core product of Pragmatic is the FlexIC platform, which supports applications such as smart packaging, RFID, NFC, and IoT sensors. In 2025, the company launched its first commercial product portfolio, NFC Connect, aimed at high-volume, low-cost applications like smart labeling and fingerprint sensors. Pragmatic also offers foundry services, manufacturing custom chip designs for global customers. The company serves a diverse range of sectors, including consumer goods, packaging, and security printing, enabling intelligent solutions for various applications.

## What company datasets say Pragmatic Semiconductor raised

Funding, as reported

Reported in all **389.3M** in the source's currency

Rounds **12**

Last round **Series D**

Last round size **213.8M**

Last round date **Dec 2023**

Investors listed **21**

## Funding filed with regulators

Pragmatic Semiconductor filed 14 raises, $368M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Jun 2026 **$6.7M** UK share allotment
- Aug 2024 **$321K** UK share allotment
- Aug 2024 **$6.4M** UK share allotment
- Jul 2024 **$3.8M** UK share allotment
- May 2024 **$636K** UK share allotment
- Apr 2024 **$632K** UK share allotment
- Jan 2024 **$3.4M** UK share allotment
- Dec 2023 **$205M** UK share allotment
- Dec 2022 **$1.2M** UK share allotment
- Dec 2022 **$12M** UK share allotment
- Aug 2022 **$18M** UK share allotment
- Jul 2022 **$3.2M** UK share allotment
- Jan 2022 **$6.8M** UK share allotment
- Oct 2021 **$100M** UK share allotment

## On 3 portfolio pages

Investors who name them

- [Prosperity7 Ventures](https://millionrounds.com/fund/prosperity7-ventures)
- [Unbundled VC](https://millionrounds.com/fund/unbundled-vc)
- [Future Planet Capital](https://millionrounds.com/fund/future-planet-capital)

Each firm lists Pragmatic Semiconductor on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

sustainable electronics hardware industrial automation health care rfid tags security manufacturing scalability reusable packaging real-time tracking semiconductor manufacturing consumers flexics curved surface embedding redistribution layer (rdl) fab-as-a-service transportation_logistics

Built with from their website

Adobe Canva Automic Automation Tableau Atlassian Posit Microsoft PowerPoint C++ Microsoft Project Gem

+8 more

IFS Hubspot Excel4Apps.NET Apple Business Manager Google Cloud Hosting AI Act!

- **Sector:** Semiconductors
- **Industry code:** NAICS 334413, SIC 3671, 3674
- **Region:** England
- **Revenue:** 2M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/pragmatic-semiconductor)

## Semiconductors in United Kingdom

Startups like it

- [**OLIX** London · founded 2024 *Raised*](https://millionrounds.com/company/olix)
- [**XMOS** Bristol · founded 2005 *Raised*](https://millionrounds.com/company/xmos)
- [**Paragraf** Somersham · founded 2018 *Raised*](https://millionrounds.com/company/paragraf)
- [**Agile Analog** Cambridge · founded 2017 *Raised*](https://millionrounds.com/company/agile-analog)
- [**BuffaloGrid** Belfast · founded 2011 *Raised*](https://millionrounds.com/company/buffalogrid)
- [**Teysha Technologies** London · founded 2017 *Raised*](https://millionrounds.com/company/teysha-technologies)
- [**Nexeon Ltd** Abingdon · founded 2006](https://millionrounds.com/startup/nexeon-ltd)
- [**Bramble Energy Limited** Crawley · founded 2015](https://millionrounds.com/startup/bramble-energy-limited)

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