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
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.
reports that T. Rowe Price last month invested in online database-software maker MongoDB Inc..
, meanwhile, notes that T. Rowe also invested in Twitter and Facebook before they went public.
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