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Raspberry Pi attracts $45m after lockdowns fuel demand for PCs

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Linux
Hardware

The organisation behind Britain's bestselling personal computer - the Raspberry Pi - has sealed a $45m (£33m) investment after demand surged during the pandemic.

The trading arm of the Raspberry Pi Foundation has offloaded stakes to Lansdowne Partners and the Ezrah Charitable Trust in a move that values the operation at around $500m. The foundation is a charitable organisation whose profits are used to promote computing. Raspberry Pi was founded in 2009 by Eben Upton, who created a singleboard computer that has been widely used to champion programming in schools.

In March, The Telegraph reported that it was exploring ways to raise capital - including a potential London stock market flotation - as the move to working from home during lock down prompted strong sales of its $70 keyboard-based PC, the Raspberry Pi 400.

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Raspberry Pi's trading arm snags £33m

  • Raspberry Pi's trading arm snags £33m investment as flotation rumours sink

    The trading arm of the Raspberry Pi Foundation has received a £33m investment – putting paid to rumours that the company was looking to float on the stock exchange as a means of funding growth.

    The Raspberry Pi project came to the public's attention back in 2011, and by the time the education-focused single-board computer entered mass production a year later demand was high – so high that its initial production run of 10,000 units sold out in seconds.

    In the years since, the project has gone from strength to strength with increasingly powerful successor devices, a recent foray into microcontrollers designed by its in-house integrated circuit team, variants designed for embedding, and even its first consumer product, the Raspberry Pi 400, which packs the company's single-board computer tech into a keyboard chassis named for Atari's famous family of eight-bit microcomputers.

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