Pragmatic
PragmatIC manufactures ultra-thin microcircuits for use in mass-market objects and packaging.
Launch date
Employees
Market cap
-
Enterprise valuation
€778m—1.2b (Dealroom.co estimates Dec 2023.)
Company register number 07423954
Cambridge England (HQ)
Financials
Estimates*
| GBP | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenues | <1m | <1m | <1m | <1m | <1m | 1.2m | 1.6m |
| % growth | 221 % | 46 % | (32 %) | 66 % | (46 %) | 313 % | 28 % |
| EBITDA | (2.7m) | (4.5m) | (7.7m) | (6.6m) | (8.3m) | (9.5m) | (18.3m) |
| % EBITDA margin | (803 %) | (927 %) | (2341 %) | (1207 %) | (2813 %) | (775 %) | (1166 %) |
| Profit | (2.4m) | (3.4m) | (6.7m) | (9.1m) | (13.6m) | (12.7m) | (19.8m) |
| % profit margin | (720 %) | (706 %) | (2046 %) | (1671 %) | (4605 %) | (1039 %) | (1267 %) |
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
£150k | Grant | ||
£690k | Grant | ||
£390k | Grant | ||
$8.1m | Early VC | ||
€50.0k | Grant | ||
N/A | Grant | ||
€1.6m | Grant | ||
* | £18.0m | Series A | |
£250k | Grant | ||
$17.0m | Late VC | ||
£260k | Grant | ||
£13.0m Valuation: £85.0m 156.4x EV/LTM Revenues -12.9x EV/LTM EBITDA | Late VC | ||
£1.6m | Grant | ||
$80.0m | Series C | ||
* | £2.4m | Grant | |
* | $35.0m Valuation: $400m 248.1x EV/LTM Revenues -32.0x EV/LTM EBITDA | Series C | |
* | £162m | Series D | |
| Total Funding | €368m | ||
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