According to published reports, T. Rowe Price has led a $100 million round of funding in Warby Parker, which values five-year-old company at $1.2 billion. The round included participation from Wellington Management and from previous investors Tiger Global Management and General Catalyst.

Warby Parker is an American company selling prescription eyeglasses and sunglasses. Warby Parker sells online only, and has a limited number of showrooms in the United States. By avoiding the overhead of physical stores, the company is able to lower the cost of its glasses by a significant amount; generally, to $95.