Flagship Pioneering

CAMBRIDGE, MA

Flagship Pioneering has raised over $6.2B across 5 funds since 2008. Founded by Noubar Afeyan in Cambridge, Massachusetts, Flagship takes a unique approach: rather than investing in existing companies, it co-creates life sciences businesses from scratch. The firm created Moderna, whose mRNA COVID-19 vaccine became one of the most significant biotechnology achievements in history.

Funds Raised

Total $ Raised

$6.2B

Est. Dry Powder

$917M

4yr linear

Last Fund

2023-11-30

Estimated dry powder over time

Linear 4-year deployment model per fund

All funds (5)

Fund	Raise Date	Filed	Raised	Est. Dry Powder	SEC
Flagship Pioneering - Origination Fund VII, L.P.	Currently Raising	2020-03-12	—	Deployed	↗
Flagship Pioneering Fund VIII, L.P.	2023-11-30	2024-11-29	$2.6B	$917M	↗
Flagship Pioneering Fund VII, L.P.	2021-05-28	2021-06-14	$2.1B	Deployed	↗
Flagship Pioneering Special Opportunities Fund II, L.P.	2018-12-14	2019-03-20	$824M	Deployed	↗
Flagship Pioneering Fund VI, L.P.	2017-09-15	2017-12-20	$618M	Deployed	↗