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Investor profile

T. Rowe Price

Investment firm · Founded 1937 · Active in 2026

T. Rowe Price is an investment firm based in USA, founded in 1937. The page below shows 146 Power Law outcomes from T. Rowe Price's portfolio — 127 unicorns ($1B+ valuation) and 2 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in Biotech & Life Sciences · eCommerce & Marketplaces · Fintech; top portfolio geographies are USA · India · UK. T. Rowe Price ranks #71 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

146 Power Law outcomes Power Law Ranking #71 · Global · 146 Power Law outcomes · Active 2026
Unicorns ↑ 17% 5y
127
Decacorns ↑ 8% 5y
27
Thoroughbreds ↑ 44% 5y
104
01 · Exits

T. Rowe Price’s biggest exits.

T. Rowe Price portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

IPO · 2012
Entered Series B+Now $1.6T
$82.0B IPO · 2019
Entered Series B+Now $153B
$147B IPO · 2021
Entered Series B+Now $20.8B
$95.0B IPO · 2020
Entered Series B+Now $69.1B
$39.0B IPO · 2020
Entered Series B+Now $67.6B
$40.0B IPO · 2021
Now $10.1B
IPO · 2012
Entered Series B+Now $31.4B
$12.0B IPO · 2021
Entered Series B+Now $29.5B
$2.0B IPO · 2016
Entered Series B+Now $27.2B
$27.0B IPO · 2021
Entered Series B+Now $4.3B
$1.6B IPO · 2017
Entered Series B+Now $23.9B
IPO · 2015
Now $21.8B
IPO · 2015
Entered Series B+Now $21.6B
$20.0B IPO · 2021
Entered Series B+Now $11.7B
$6.2B acquisition · 2019
Now $17.0B
$16.0B IPO · 2017
Entered Series B+Now $10.9B
$14.0B IPO · 2021
Entered Series B+Now $7.1B
$11.0B IPO · 2021
Entered Series B+Now $12.7B
IPO · 2014
Entered Series B+Now $11.4B
$10.0B IPO · 2021
Entered Series B+Now $2.7B
$9.9B IPO · 2023
Entered Series B+Now $9.0B
$5.0B IPO · 2023
Entered Series B+Now $9.5B
$9.2B IPO · 2018
Entered Series B+Now $9.1B
$5.6B IPO · 2024
Entered Series B+Now $9.0B
02 · Estimated holdings

T. Rowe Price’s selected top holdings.

An estimate of T. Rowe Price’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 24 companies where T. Rowe Price is a named shareholder, worth about $6.6B in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 SandboxAQSecurity · Unicorn 14.5% $5.8B $834M
  2. 2 Color HealthHealth · Unicorn 10.5% $4.6B $483M
  3. 3 iCapitalFintech · Unicorn 6% $7.5B $450M
  4. 4 Farmers Business NetworkFood · Unicorn 10% $4.0B $400M
  5. 5 CheckrJobs Recruitment · Unicorn 8.5% $4.6B $391M
  6. 6 CelonisEnterprise Software · Decacorn 3% $13.0B $390M
  7. 7 3.5% $11.0B $385M
  8. 8 7.5% $5.0B $375M
  9. 9 4% $9.0B $360M
  10. 10 6% $5.2B $312M
  11. 11 4.8% $6.0B $288M
  12. 12 4.5% $6.0B $270M

Showing the 12 largest of 24 disclosed direct holdings.

6 companies hidden on this public profile. Estimated value = T. Rowe Price’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. T. Rowe Price also appears inside investor groups in ABL Space Systems, Airwallex, Canva, Goat, Houzz, Lambda, PsiQuantum, Socure, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

+49 more $1B+ exits on the full Dealroom profile.

03 · Portfolio analysis

The 146 T. Rowe Price Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. USA129
  2. India3
  3. UK3
  4. Australia2
  5. Japan1
  6. France1
  7. Colombia1
  8. Germany1
  9. Italy1
  10. Hong Kong1
  11. Canada1
  12. China1
By sectorCount
  1. Biotech & Life Sciences34
  2. eCommerce & Marketplaces22
  3. Fintech15
  4. Other B2B Software13
  5. AI11
  6. Other10
  7. Marketing9
  8. Cybersecurity9
  9. Transportation8
  10. Health Tech & Medtech6
  11. Energy5
  12. Robotics1
By stage enteredCount
  1. Series B+126
  2. Series A3
04 · Portfolio market map

T. Rowe Price's 146 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
146 of 146 Power Law outcomes
05 · Power Law comparison

How does T. Rowe Price stack up?

T. Rowe Price in orange, your selection in blue and other colours. Pick from the global roster of 35 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns

Stage focus

Companies by entry stage and outcome tier

Sector focus

Companies per investor across the 10 highest-volume sectors
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.
06 · Portfolio founders

Where T. Rowe Price's portfolio founders come from — and where they studied.

365 founders across the 146 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Stanford University and Alphabet | Google are the deepest single pipelines.

LocationCount
United States218
Canada17
China13
Colombia11
India9
Netherlands9
Russia8
New Zealand5
Romania5
Ukraine5
+21 more →
UniversityCount
Stanford University34
Massachusetts Institute of Technology30
Berkeley18
Harvard University16
Wharton School of the University of Pennsylvania8
University of Waterloo7
University of California, San Diego7
Brown University5
Carnegie Mellon University5
Stanford University Graduate School of Business5
+115 more →
Origin companyCount
Alphabet | Google25
Microsoft20
Amazon8
OpenAI6
Tesla5
Meta5
Yahoo!4
Apple4
24M4
Stripe3
+61 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.

Market sentiment

What the market is saying about T. Rowe Price

An AI-synthesized read of the highest-engagement posts about T. Rowe Price on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about T. Rowe Price

Recent press, funding announcements, and portfolio moves mentioning T. Rowe Price — pulled live from Dealroom's news feed.

See all news

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