The Cambridge-based business, which makes small single-board computers, said it hopes to use funds raised to invest in its sales arm to take products into more markets as well as build its design consultancy business.
The firm said it had a current total addressable market of about £17 billion, "reflecting a substantial opportunity for it to capitalise on and sustain its strong growth trajectory". Raspberry Pi is thought to be seeking a valuation of £500 million in a float.
The firm reported revenues were $266 million (£211 million) in 2023, with gross profits of $66 million and operating profit of $38 million.
CEO Eben Upton said: "A remarkable ecosystem of individuals and businesses has grown around Raspberry Pi, supporting both the enthusiast and industrial markets to innovate and succeed with our products.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Kylie Minogue loves the bar at Louie, startling Beefeaters and snooping in The Conran Shop
Currently it’s largely suitcase-based as I’ve been doing so much travel for work, but Melbourne, Australia, is home.
Are Spurs willing to invest what it takes to win trophies?
Criticism of the manager for the club's struggles misses the point-whatever he says, he's not been given a squad ready to push for the biggest honours
Crowning glory awaits Britain's golden girl
Odds-on favourite to win BBC Sports Personality, Keely Hodgkinson never doubted she was ready to conquer the world
Residents at war over £10 billion 'Shanghai-style' Earl's Court plan
Controversial proposals are causing a huge furore in west London
The secrets of selling the capital's £40m homes
Armed security, NDAs, a gold temple...inside the world of ultra high-end property deals
Jenny Packham on Amsterdam why is truly magical at Christmas time
The designer gets lost in the cobbled streets and is entranced by the city’s twinkling lights and unique spirit
Alfies Antique Market
Here is a place to blindly lose oneself in a labyrinth of staircases and thresholds.
Decline and fall: what comes after peak wellness?
The social elite are obsessed with devices that track their health but the backlash is building
The newest AI can arrange your holiday- but will it be a strictly woke one?
A lightning-quick artificial megabrain with an appetite for social justice? WILLIAM HOSIE has a chat with Claude Al
'Fame just isn't healthy
Mercury Prize-winning band English Teacher on the pressure of success, trying not to burn out and the challenges black women face in indie music
