Venture capital fund · 5 deals
Every published round T. Rowe Price took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies T. Rowe Price has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Canva | Online design and visual communication platform | 15 Sep 2021 | 1 | 0 |
| Baseten | AI inference infrastructure platform | 16 Aug 2026, Series D+ | 1 | 0 |
| Airwallex | Fintech payments and financial infrastructure company | 2026, Series D+ | 2 | 0 |
| AdvanCell | Produces radiopharmaceuticals that target cancer cells without the typical collateral dam… | 15 Jul 2026, Series D+ | 1 | 0 |
Fund closes reported for T. Rowe Price, as distinct from the investments it has made.
Companies T. Rowe Price has backed that another company then bought. An exit for the holding, not a deal T. Rowe Price did.
Stories naming T. Rowe Price. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Brisbane radiopharmaceutical developer AdvanCell has closed an oversubscribed Series D round, led by Ally Bridge Group and Alpha Wave with several institutional investors returning, to fund late-stage prostate cancer trials and US manufacturing.
Airwallex has closed a Series H valuing it at $16 billion, with Addition in the lead and eight other backers named; the piece also recalls its December Series G.
Blackbird's post explaining its participation in Baseten's $1.5 billion Series F, its biggest investment yet, and why inference infrastructure will anchor the open-source AI era; notes rapid growth and senior engineering hires.
Also Dealroom
Funding roundup led by Airwallex's US$330 million Series G at a $12 billion valuation, with raises from Kasada, Hnry, All G, Bless Payments and Emanda, plus earlier rounds recalled.
Also Startup Daily
Fintech Airwallex raised a $498 million Series G led by Addition, lifting its valuation to $12 billion; Square Peg and Airtree joined, and Blackbird's $60 million May Series F backing is recalled.
Canva launched an employee share sale valuing the design software firm at $42 billion, led by Fidelity with JPMorgan's asset arm joining, ahead of a planned IPO; US rival Figma listed last month.
T. Rowe Price marked down its Canva stake by 67.6%, implying a value near $13 billion versus the $40 billion set in 2021; Canva disputes the figure, citing profitable growth.
Investment platform Jacobi closed a US$10 million Series A led by QIC with existing Silicon Valley backers, to grow its portfolio software globally, while new board members join from QIC and Makena Capital.
A year-end roundup profiling the ten most valuable unicorns of 2021, recalling each company's major funding round, investors and valuation, from ByteDance and SpaceX to Canva and Chime.