T. Rowe Price Posts

Eventbrite raises $50 million at $1 billion valuation

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Online ticketing service Eventbrite has reportedly raised $50 million in funding at a $1 billion valuation. This round of funding came from Tiger Global Management and T. Rowe Price.
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Wayfair raises $157 million in funding

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Wayfair, an online furniture and home decor e-commerce website, has announced it has raised $157 million in funding led by T. Rowe Price. Wayfair has now raised over $350 million in funding. Wayfair was founded under the name CSN Stores 12 years ago and is believed to be preparing for an IPO. The company generated over $900 million in 2013 revenues last year.

Dropbox raises $350 million in funding

Dropbox has received $350 million in funding at a $10 billion valuation. It was reported last month that Dropbox raised $250 million from Blackrock, T. Rowe Price, and Fidelity in a final round of private funding before going public.
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Domo raises $125 million in funding

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Domo is an enterprise software company that has raised $125 million in funding. TPG’s investment company arm TPG Growth led this round of funding. Other investors that participated in this round include Salesforce.com, T. Rowe Price, Fidelity Investments, Morgan Stanley, Viking Ventures, Dragoneer Investment Group, GGV Capital, Greylock Partners, Institutional Venture Partners, and Mercato Partners.

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Wayfair raises $150 million

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Wayfair has raised $150 million in funding led by T. Rowe Price, according to sources with Reuters. Wayfair is an online home furning company that hit around $1 billion in sales last year. This is up from $600 million the year before. Wayfair previously raised $36 million in funding in 2012. Some of Wayfair’s other investors include Battery Ventures, Great Hill Partners, HarbourVest Partners, and Spark Capital.
[Source: Reuters]

MongoDB Raises $150 Million In VC Funding

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MongoDB has raised $150 million in funding with a $1.2 billion valuation.  This makes MongoDB the most valuable Internet startup in New York, according to Bloomberg.  New investors that participated in this deal includes EMC Corp. and Salesforce.com.  Previous investors that participated in this round includes Red Hat, Intel, New Enterprise Associates, and Sequoia Capital.  T. Rowe Price Group and Altimeter Capital were also part of this round as first-time investors.  MongoDB has now raised over $231 million.

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Twitter Has Filed To Go Public

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Twitter, the extremely popular micro-blogging service, has filed to go public.  Twitter disclosed this information in a tweet.  The filing was confidential under new SEC rules.  Twitter’s annual revenues are less than $1 billion.
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Enterprise Storage Company Pure Storage Raises $150 Million

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Pure Storage is an enterprise flash storage company that has raised $150 million in a new round of funding.  Pure Storage competes against companies like NetApp and EMC.  Pure Storage is now selling their third-generation of all-flash array, according to VentureBeat.  This technology is believed to be 10 times faster and 10 times more space efficient than traditional disk arrays.
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