PragmatIC Printing raises £18m to scale flexible electronics production.
The funding round includes strategic backing from Avery Dennison alongside existing investors ARM and Cambridge Innovation Capital.
PragmatIC Printing develops ultra-thin flexible electronics and integrated circuits designed to embed intelligence into everyday objects.
Cambridge-based PragmatIC Printing has secured £18m in a new funding round backed by strategic investor Avery Dennison alongside returning backers ARM and Cambridge Innovation Capital. The capital will support the commercialisation of the company's FlexLogIC modular manufacturing equipment and accelerate the mass deployment of intelligent packaging solutions.
The investment marks a transition for PragmatIC from pilot-scale operations into volume manufacturing. By integrating its flexible integrated circuits into packaging inlays, the firm aims to enable connected objects across global supply chains.
From the founder
"Avery Dennison works with more than 10,000 converters, brand owners and retailers worldwide, making them an ideal supply chain partner to deliver solutions based on our unique technology. We appreciate the confidence in our business reflected by this investment from Avery Dennison, as well as continued strong backing from CIC and ARM"
Scott White
Chief Executive Officer at PragmatIC Printing
Use of funds
- 01Continue product development
- 02Build out infrastructure
Investors
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About the company
PragmatIC Printing
PragmatIC Printing builds flexible integrated circuits for smart packaging applications.