Companies / Markets

Pragmatic Semiconductor (Cambridge, UK), a world leader in manufacturing flexible integrated circuits, has completed a first close of its Series D funding round, securing an investment of £162M ($206M). The company is planning a limited second close for key investors, of which £20M ($25M) 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 (the diversified growth fund under Aramco Ventures).

Heliatek (Dresden, Germany), a world leader in organic photovoltaics and Triflex (Minden, Germany), expert in liquid waterproofing, have announced an exclusive partnership to offer a full system solution for the most sustainable and efficient roof renovation. Combining Heliatek's HeliaSol solar films and Triflex liquid applied waterproofing, customers are expected to benefit from a jointly tested solution to securely seal the roof extending its lifetime while simultaneously producing clean solar power. The joint solution is reported to be ideal for rooftops with low load bearing capacities as it has the lowest combined weight on the market, is extremely easy and fast to be applied and sets new standards in terms of sustainability – all Made in Germany.