T. Rowe Price Group

T. Rowe Price Group, Inc. is a publicly owned investment management firm founded in 1937 and headquartered in Baltimore, Maryland. The company offers a diverse range of services, including separate account management, mutual funds, and sub-advisory services, catering to individuals, institutional investors, retirement plans, and financial intermediaries. T. Rowe Price manages investments in both public equity and fixed income markets globally, employing a combination of fundamental and quantitative analysis with a bottom-up investment approach. The firm also engages in socially responsible investing, focusing on environmental, social, and governance issues. In addition to traditional investment strategies, T. Rowe Price participates in late-stage venture capital investments, typically investing between $3 million and $5 million. The company operates numerous offices worldwide, reinforcing its commitment to delivering investment excellence over the long term.

Ziad Bakri

Vice President

Oliver Bell

Associate Head of International Equities, Portfolio Manager, Member of the International Equity Steering Committee and Board Member of T. Rowe Price (Luxembourg) Management

Eiswert C.F.A., CFA, David J.

Vice President and Portfolio Manager

Jennifer St. Germain

Vice President

John Hall

Investment Analyst

Kenneth Moreland

CFO and Treasurer

Julio Novo

Investor

Anthony Wang

Portfolio Manager - Vice President T. Rowe Price Group

Jeff Zoller

Vice President

Past deals in Maryland

Delfi Diagnostics

Series B in 2022
Delfi Diagnostics, Inc. is a biotechnology company based in Baltimore, Maryland, that focuses on the early detection of cancer through non-invasive blood tests. Founded in 2018, the company utilizes advanced technologies such as artificial intelligence and genome sequencing to identify unique patterns of DNA fragmentation in patients' blood. By leveraging machine learning, Delfi develops innovative testing systems aimed at recognizing cancer-associated cell-free DNA fragments, thereby enabling healthcare professionals to detect cancer at its most treatable stage. This approach facilitates timely and effective treatment options, ultimately aiming to improve patient outcomes and recovery speed.

Cava

Series F in 2021
Cava Group, Inc. operates a chain of Greek and Mediterranean restaurants known for their modern mezze offerings, including salads, dips, spreads, and dressings. Founded in 2006 and headquartered in Washington, D.C., the company is recognized as a leader in the Mediterranean fast-casual dining sector, focusing on healthful and flavorful food options. Cava produces its dips, spreads, and sauces daily in small batches at its facility in Laurel, Maryland, ensuring they are free of additives and preservatives. In addition to its restaurant operations, Cava's products are also sold in grocery stores. The company has established strategic partnerships with organizations such as the Garden School Foundation and Sow Much Good, reflecting its commitment to community engagement and healthy eating. Cava Group generates most of its revenue from its primary segment, CAVA, while also operating Zoes Kitchen as a separate segment.

Delfi Diagnostics

Series A in 2021
Delfi Diagnostics, Inc. is a biotechnology company based in Baltimore, Maryland, that focuses on the early detection of cancer through non-invasive blood tests. Founded in 2018, the company utilizes advanced technologies such as artificial intelligence and genome sequencing to identify unique patterns of DNA fragmentation in patients' blood. By leveraging machine learning, Delfi develops innovative testing systems aimed at recognizing cancer-associated cell-free DNA fragments, thereby enabling healthcare professionals to detect cancer at its most treatable stage. This approach facilitates timely and effective treatment options, ultimately aiming to improve patient outcomes and recovery speed.

Xometry

Series E in 2020
Xometry Inc. is a provider of on-demand manufacturing services based in Gaithersburg, Maryland, founded in 2013. The company operates an online marketplace that connects customers with a network of machine shops and custom manufacturers, allowing for efficient sourcing of high-quality parts. Xometry's capabilities include CNC machining, 3D printing, injection molding, urethane casting, and die casting, among others. The company employs proprietary technology to deliver optimal pricing for various manufacturing solutions, facilitating rapid prototyping and volume production. Its clientele includes notable organizations such as Toyota, NASA, Caterpillar, and Medtronic. Xometry aims to enhance domestic manufacturing by leveraging software that streamlines the process of obtaining custom parts. The company has a strategic partnership with Roush Yates Manufacturing Solutions and serves a diverse range of customers, including engineers, product designers, and business owners.

Thrive Earlier Detection

Series B in 2020
Thrive Earlier Detection Corp. is a healthcare company dedicated to improving cancer detection through innovative technology. It focuses on the development of CancerSEEK, a liquid biopsy test that analyzes genomic mutations in tumor DNA and protein markers in plasma to identify multiple types of cancer at their earliest stages, often before symptoms become apparent. Founded in 2018 and headquartered in Cambridge, Massachusetts, with an additional office in Baltimore, Maryland, Thrive aims to integrate early cancer detection into routine medical care. The company was previously known as Thrive Sciences Inc. and has been a subsidiary of Exact Sciences Corporation since early 2021. Thrive was launched with support from various investors, including Third Rock Ventures and Section 32, reflecting a strong commitment to advancing cancer diagnostics.

Xometry

Series D in 2019
Xometry Inc. is a provider of on-demand manufacturing services based in Gaithersburg, Maryland, founded in 2013. The company operates an online marketplace that connects customers with a network of machine shops and custom manufacturers, allowing for efficient sourcing of high-quality parts. Xometry's capabilities include CNC machining, 3D printing, injection molding, urethane casting, and die casting, among others. The company employs proprietary technology to deliver optimal pricing for various manufacturing solutions, facilitating rapid prototyping and volume production. Its clientele includes notable organizations such as Toyota, NASA, Caterpillar, and Medtronic. Xometry aims to enhance domestic manufacturing by leveraging software that streamlines the process of obtaining custom parts. The company has a strategic partnership with Roush Yates Manufacturing Solutions and serves a diverse range of customers, including engineers, product designers, and business owners.

Framebridge

Series C in 2018
Framebridge, Inc. specializes in custom framing solutions for art and photographs, offering a streamlined online service that prioritizes customer experience. Founded in 2014 and based in Washington, D.C., the company allows users to select from a curated range of contemporary frame styles, upload images, or send physical items for personalized framing. The expert team at Framebridge handcrafts frames to meet each customer's specifications, ensuring high-quality results. Finished products are shipped directly to consumers, typically arriving within days and ready to hang. Pricing is transparent and based on the size of the framed item, starting at $39 and including free shipping. Framebridge operates manufacturing facilities in Richmond, Kentucky, and Lanham, Maryland, and has attracted investments from notable firms and individuals in the retail and technology sectors.

Sweetgreen

Series F in 2015
Sweetgreen, Inc. is an American fast-casual restaurant chain founded in 2007 and based in Culver City, California. It operates restaurants in several states, including Virginia, Pennsylvania, New York, Maryland, Massachusetts, and the District of Columbia. The company focuses on serving simple, seasonal, and healthy salads and grain bowls made from scratch with fresh, whole produce delivered daily. Sweetgreen emphasizes plant-forward, earth-friendly meals, prioritizing organic, regenerative, and local sourcing of ingredients. In addition to its restaurant operations, Sweetgreen sells merchandise such as gift cards, clothing, and accessories online. The company has formed a strategic partnership with FoodCorps to further its mission of promoting healthy eating.
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