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Raspberry Pi Holdings
British technology business

Raspberry Pi Holdings plc is a British technology company that designs and manufactures single-board computers (SBCs), compute modules, semiconductors, and complementary accessories, marketed under the Raspberry Pi brand. Originally developed to support computer science education, Raspberry Pi products were quickly embraced by hobbyists and professionals and are now primarily used in industrial and embedded applications.

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History

The Raspberry Pi Foundation, a UK-based nonprofit, was established to promote the study of computer science in schools. To support this mission, it developed a small, low-cost single-board computer, the Raspberry Pi. The first model was released in 2012 and, although initially aimed at education, it was quickly adopted by computing and electronics hobbyists. According to the organization, many of these users later applied their experience with Raspberry Pi in professional and industrial contexts.1

To commercialize the product and meet increasing demand, the Foundation created a wholly owned subsidiary, Raspberry Pi (Trading) Ltd, in late 2012 to handle product development and manufacturing.23 Profits from the commercial entity were used to support the Foundation’s charitable activities. Between 2012 and 2024, the subsidiary contributed nearly US$50 million to the Foundation.

Eben Upton, a co-founder, stepped down from the Foundation’s board in December 2012 to serve as CEO of both the Foundation and the new trading company.45 In September 2013, Lance Howarth was appointed CEO of the Foundation, allowing Upton to focus on leading the commercial business.6

In 2021, Raspberry Pi (Trading) Ltd was renamed Raspberry Pi Ltd.78 In early 2024, ownership of the commercial entity was transferred to a new parent company, Raspberry Pi Holdings, which was 77.31% owned by the foundation.9 In June 2024, Raspberry Pi Holdings became a public limited company and completed an initial public offering (IPO) on the London Stock Exchange.10111213

The Foundation supported the move and stated that proceeds from share sales would be used to establish an endowment for its educational programs, while maintaining a significant stake in the commercial entity.14 Following the IPO, the Foundation's ownership in Raspberry Pi Holdings decreased to 49.08%.15

Operations

The company sources its system on a chip (SoC) components from Broadcom and outsources the majority of its manufacturing to Sony. It also counts Sony and Arm among its strategic shareholders.16

As of 2024, 70% of the company’s sales were to industrial customers, primarily for embedded applications, with the remaining 30% to the enthusiast and education sectors.17 As of March 2025, the company had sold over 68 million single-board computers.18

In addition to its hardware business, the company also operates a publishing division, Raspberry Pi Press, which produces books and magazines, including The Raspberry Pi Official Magazine. The company also operates a retail store in Cambridge, which opened in early 2019 and serves as a space for product demonstrations, events, and direct customer engagement.19

References

  1. "Prospectus". Raspberry Pi Holdings. 11 June 2024. p. 47. Retrieved 20 May 2025. https://investors.raspberrypi.com/ipo/documents/11 ↩

  2. "Raspberry Pi Ltd". Companies House. Retrieved 24 August 2024. https://find-and-update.company-information.service.gov.uk/company/08207441 ↩

  3. "Welcome Lance!". Raspberry Pi Foundation. Archived from the original on 17 September 2015. Retrieved 24 April 2014. http://www.raspberrypi.org/blog/welcome-lance/ ↩

  4. "Eben Upton CBE". Archives of IT. Retrieved 24 August 2024. https://archivesit.org.uk/interviews/eben-upton-cbe/ ↩

  5. "TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2012" (PDF). RASPBERRY PI FOUNDATION. 30 September 2013. https://static.raspberrypi.org/files/about/RaspberryPiFoundationReport2012.pdf ↩

  6. "Welcome Lance!". Raspberry Pi Foundation. Archived from the original on 17 September 2015. Retrieved 24 April 2014. http://www.raspberrypi.org/blog/welcome-lance/ ↩

  7. "Raspberry Pi Ltd". Companies House. Retrieved 24 August 2024. https://find-and-update.company-information.service.gov.uk/company/08207441 ↩

  8. Upton, Liz (6 October 2021). "Welcome to our new website!". Raspberry Pi. Retrieved 24 August 2024. https://www.raspberrypi.com/news/new-raspberry-pi-website/ ↩

  9. "Prospectus". Raspberry Pi Holdings. Retrieved 24 August 2024. https://storage.raspberrypi.com/investor-relations/3qec15fpi84vieeldwgkv93rn2el?response-content-disposition=attachment%3B%20filename%3D%22Prospectus.pdf%22%3B%20filename%2A%3DUTF-8%27%27Prospectus.pdf&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=investor-relations%2F20240824%2Feu-west-1%2Fs3%2Faws4_request&X-Amz-Date=20240824T184113Z&X-Amz-Expires=300&X-Amz-SignedHeaders=host&X-Amz-Signature=1418838d3333ec34932ba515a7446628848b5e5c3caa66e378163b8d8ea425d1 ↩

  10. "Raspberry Pi Holdings". London Stock Exchange. Retrieved 24 August 2024. https://www.londonstockexchange.com/stock/RPI/raspberry-pi-holdings-plc/about:blank ↩

  11. Weatherbed, Jess (15 May 2024). "Raspberry Pi prepares to go public and expand its lineup of supercheap computers". The Verge. Retrieved 25 August 2024. https://www.theverge.com/2024/5/15/24157355/raspberry-pi-public-ipo-announcement ↩

  12. Pounder, Les (22 May 2024). "$40 million Raspberry Pi IPO is set for June". Tom's Hardware. Retrieved 24 August 2024. https://www.tomshardware.com/raspberry-pi/dollar40-million-raspberry-pi-ipo-is-set-for-june ↩

  13. Kharpal, Arjun (11 June 2024). "Computing firm Raspberry Pi pops 31% in rare London market debut". CNBC. Retrieved 24 August 2024. https://www.cnbc.com/2024/06/11/rasperry-pi-ipo-computing-firm-to-raise-211-million.html ↩

  14. "Raspberry Pi Holdings". www.londonstockexchange.com. Retrieved 24 August 2024. https://www.londonstockexchange.com/stock/RPI/raspberry-pi-holdings-plc/about:blank ↩

  15. "Prospectus". Raspberry Pi Holdings. Retrieved 24 August 2024. https://storage.raspberrypi.com/investor-relations/3qec15fpi84vieeldwgkv93rn2el?response-content-disposition=attachment%3B%20filename%3D%22Prospectus.pdf%22%3B%20filename%2A%3DUTF-8%27%27Prospectus.pdf&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=investor-relations%2F20240824%2Feu-west-1%2Fs3%2Faws4_request&X-Amz-Date=20240824T184113Z&X-Amz-Expires=300&X-Amz-SignedHeaders=host&X-Amz-Signature=1418838d3333ec34932ba515a7446628848b5e5c3caa66e378163b8d8ea425d1 ↩

  16. "Why Raspberry Pi's IPO success bodes well for other tech firms listing in the UK". A. J. Bell. 19 June 2024. Retrieved 24 August 2024. https://www.ajbell.co.uk/articles/investmentarticles/277272/why-raspberry-pi-s-ipo-success-bodes-well-other-tech-firms ↩

  17. "Annual Report 2024". Raspberry Pi Holdings. 17 April 2025. Retrieved 20 May 2025. https://investors.raspberrypi.com/reports/7/document ↩

  18. "Final Results for the twelve months to 31 December 2024". Raspberry Pi Holdings. April 2025. Retrieved 5 June 2025. https://investors.raspberrypi.com/reports/5/presentation ↩

  19. "Annual Report 2024". Raspberry Pi Holdings. 17 April 2025. Retrieved 20 May 2025. https://investors.raspberrypi.com/reports/7/document ↩