Raspberry Pi (Trading) Ltd has closed a $45m funding round led by London-based Lansdowne Partners and The Ezrah Charitable Trust. The capital raised will accelerate the company’s product development roadmap and marketing of high-performance, low-cost computers for the consumer and industrial sectors.
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Today, Raspberry Pi leads the world in delivering affordable computing not only to schools and homes but also into a range of industrial IoT applications globally — more than half of all Raspberry Pi computers sold go into industrial applications. The company ships 7m+ devices a year, delivering £11.4m of adjusted UK GAAP EBITDA in 2020; it has been profitable every year since launch, and has generated over £30m in charitable gift aid to the Raspberry Pi Foundation. As an end-to-end computing company, Raspberry Pi combines in-house silicon design, product design and software expertise with third- party manufacturing partners, all based in the UK.
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Raspberry Pi Foundation, which develops the Raspberry Pi, raises $45M at a ~$500M valuation as sales rose to a record 7.1M units in 2020 — The firm has offloaded stakes to Lansdowne Partners and the Ezrah Charitable Trust in a move that values the operation at around $500m
The Telegraph (was able to read it once then it paywalled up).
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