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Rating:T. Rowe Ventures Again in Tech Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, November 14, 2013

T. Rowe Ventures Again in Tech

News summary by MFWire's editors

The allure of the tech sector, and the possibility of future big IPOs, tugs strong at some fund firms.

For example, T. Rowe and Tiger Global Management have helped the online real-estate brokerage Redfin raise $50 million, according to Bloomberg and Reuters.

Bloomberg reports that this investing round brings Redfin's total funding to $95.7 million. The newswire reports that other backers of the online real estate brokerage are Greylock Partners and Globespan Capital Partners.

Bloomberg reports that T. Rowe Price last month invested in online database-software maker MongoDB Inc..

Reuters, meanwhile, notes that T. Rowe also invested in Twitter and Facebook before they went public.  

Edited by: Tommy Fernandez

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