Funding round
Cross River Growth
Reported as "Growth Equity"
Cross River, which works in API-Driven banking infrastructure development in Teaneck, raised $50M in a Growth round announced on 31 Mar 2026, led by T. Rowe Price Investment Management, Inc., at a $3.00B post-money valuation. 1 firm took part, 1 of them already investors. It is Cross River's fourth venture round on record; the one before was a Growth in Mar 2022.
$50M
Amount raised
$3.00B
Post-money valuation
$2.95B pre-money
1
Investors
1 lead
1.0x
Step-up from the Growth
$3.00B in Mar 2022
1.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Cross River at $3.00B after the new money, 1.0 times the $3.00B of its Growth (Mar 2022). The $50M bought investors about 1.7% of the company. It came 48 months after Cross River's Growth. It is 5.7% of the $870M Cross River has raised in the venture rounds on record. No later venture round is on record for Cross River.
Cross River's funding rounds
Cross River has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
T. Rowe Price Investment Management, Inc. led the round. T. Rowe Price Investment Management, Inc. had backed Cross River before.
Lead investor
- T. Rowe Price Investment Management, Inc. existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
13 Growth rounds in Banks & ATMs within a year either side disclosed an amount; the median was $50M, and this round was close to the median. The closest in time, other companies' Growth rounds in Banks & ATMs:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Banks & ATMs | 26 Mar 2026 | $50M | not disclosed | Strategic Value Bank Partners |
| Banks & ATMs | 2 Mar 2026 | $35M | $350M | not named |
| Banks & ATMs | 1 Mar 2026 | $34M | not disclosed | not named |
| Banks & ATMs | 27 Jan 2026 | $55M | not disclosed | not named |
| Banks & ATMs | 3 Dec 2025 | $150M | not disclosed | Appian Capital Advisory |
| Banks & ATMs | 11 Jun 2026 | $67M | not disclosed | Wellington Management |
| Banks & ATMs | 19 Dec 2025 | $31M | not disclosed | Portage Ventures |
| Banks & ATMs | 29 Oct 2025 | $116M | not disclosed | Mediterrania Capital Partners |
Sources
Where this comes from
Reported by 6 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Cross River raise in its Growth round?
Cross River raised $50M in its Growth round, announced in Mar 2026.
Who led Cross River's Growth round?
T. Rowe Price Investment Management, Inc. led it.
What was Cross River's valuation at the Growth round?
$3.00B post-money ($2.95B pre-money).
How does it compare with other Growth rounds in Banks & ATMs?
13 Growth rounds in Banks & ATMs within a year either side disclosed an amount; the median was $50M, and this round was close to the median.