Turns out COVID-19 lockdowns have been good for the indoor hobby of hardware hacking: The UK-based foundational behind the low price microprocessor, Raspberry Pi, announced close of a $45 million funding round yesterday.
The cash injection into the trading arm of the (non-profit) Raspberry Pi Foundational values it at $500M (pre-money), founder Eben Upton confirmed.
The funding round was led by London-based Lansdowne Partners and The Ezrah Charitable Trust, a private charitable foundation based in the US.
“We are pleased to welcome Lansdowne Partners and The Ezrah Charitable Trust as our first outside shareholders to help us achieve the next steps in our growth,” said Upton in a statement.