Raspberry Pi Attracts $45m After Lockdowns Fuel Demand for PCs
canopic jug writes:
The Telegraph reports that Raspberry Pi Trading has offloaded stakes to Lansdowne Partners and the Ezrah Charitable Trust in a move that values the operation at around $500m. Most manufacturing is able to be done in the UK, and last year's sales amounted to 7.1m units for a profit of 11.4m.
Lansdowne Partners' presence in the list of investors is less surprising than Ezrah Charitable Trust. The latter was founded by former Goldman Sachs vice-president and Farallon Capital Management partner David Cohen in 2016 to focus "on the poorest of the poor, especially in Africa" - an indicator that it may be the work of the not-for-profit Raspberry Pi Foundation that was of interest.
The Register mentions that the foundation's 2020 financials show an income of over 95.8m, up nearly double from the 49.5m it reported in 2019.
Raspberry Pi Trading makes the hardware, the magazines, the peripherals, and so on. The Raspberry Pi Foundation runs the charitable programs.
Previously:
(2021) Two New Microcontroller Boards Released with Built In Displays
(2021) Raspberry Pi Begins Selling its RP2040 Microcontroller for $1
(2020) Raspberry Pi 4 Gets 8 GB RAM Model, Also 64-bit OS and USB Boot (Both in Beta)
and more.
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