# Premier Farnell

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/premier-farnell

- Industry: Semiconductors
- Headquarters: Leeds, UK
- Website: https://www.farnell.com
- Total disclosed funding: $13M
- Latest round: Series A (Aug 16, 1999)
- Investors on record: 6

## About

Premier Farnell Ltd. is a leading global distributor of electronic components, providing essential products and technology solutions to engineers and manufacturers across various industries.Premier Farnell Ltd. was founded in 1966 in Leeds, UK, specializing in the distribution of electronic components. The company underwent a significant change in ownership when it was acquired by Broadcom Corp for USD 642 mn in November 2000. Premier Farnell operates as a subsidiary under Broadcom, enhancing its capabilities in the electronics distribution sector, with a global presence that includes offices across North America, Europe, and Asia Pacific.Farnell Global specializes in the distribution of electronic components and technology, serving a diverse range of industries through multiple platforms. Their core product offerings encompass over 1 million items in stock, including single-board computers (SBCs), passive components, electromechanical components, interconnects, and tools for testing and manufacturing processes. These products are essential for electronic and industrial system design, maintenance, and repair, addressing the needs of engineers, designers, and manufacturers globally. Farnell Global's customer base includes businesses across North America, Europe, the Middle East, Africa, and Asia Pacific, with a focus on empowering electronic enthusiasts and professionals through a robust community platform, the element14 Community. The company’s products and services are strategically distributed to ensure accessibility and technical support, catering to the evolving demands of the technology landscape worldwide.Farnell Global's revenue for the most recent year, 2023, is USD 0 mn, with an EBITDA of USD 6,808,081.60. The company generates revenue primarily through B2B transactions, focusing on partnerships with over 2,000 suppliers to provide a broad range of electronic components. The distribution model includes direct sales to clients, with an average addition of 5,000 new items monthly, ensuring a wide array of innovative technology solutions.Premier Farnell plans to enhance its product offerings by introducing upcoming innovations in electronic components, with specific product launches targeted for the near future. The company is also looking to expand its market reach into growing economies in Asia and Africa by the end of 2024. The recent acquisition by Broadcom and the funding from the Trade Sale, which amounted to USD 642 mn, will support these initiatives, allowing Premier Farnell to invest in new technologies and further its expansion strategies.

## Funding rounds

- Series A, Aug 16, 1999, $13M — Amadeus Capital Partners, Atlas Venture, Sofinnova Investments, TTP Ventures, Daiwa Corporate Investment, Bessemer Venture Partners

## Investors

- Amadeus Capital Partners (https://capitalatlas.ai/funds/amadeus-capital-partners) — Series A
- Atlas Venture (https://capitalatlas.ai/funds/atlas-venture) — Series A
- Sofinnova Investments (https://capitalatlas.ai/funds/sofinnova-investments) — Series A
- TTP Ventures (https://capitalatlas.ai/funds/ttp-ventures) — Series A
- Daiwa Corporate Investment (https://capitalatlas.ai/funds/daiwa-corporate-investment) — Series A
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A