PragmatIC secures over £13m in Series C funding led by Erik Langaker
The financing round was led by Erik Langaker to support ongoing production scale and manufacturing optimisation.
PragmatIC develops ultra-low-cost flexible electronics and flexible integrated circuits for mass market use cases. The company is headquartered in Cambridge with a production facility in Sedgefield.
PragmatIC has secured over £13m in a Series C funding round led by Erik Langaker. The capital will be directed towards accelerating manufacturing optimisation, supporting ongoing production ramp up, and driving product innovation. The investment coincides with the appointment of Mr Langaker as the independent chair of the board.
The company produces ultra-low-cost flexible electronics, including flexible integrated circuits that extend traditional applications such as RFID into new mass market uses. Existing shareholders in the business include Arm, Avery Dennison, and Cambridge Innovation Capital.
From the founder
"We are delighted to welcome Erik to the Board. He brings us valuable experience alongside market-relevant knowledge at a pivotal time, as we scale the business towards our vision of a trillion flexible integrated circuits."
Scott White
CEO at PragmatIC
Use of funds
- 01Continue product development
- 02Scale operations