Flagship Closes New $270M Fund For Healthcare and Cleantech Ventures

Funding Rounds

▤ Summary

“We could have raised even more, but we decided to cut it off and get on with forming a portfolio,” says Noubar Afeyan, CEO and managing partner of Flagship Ventures.Flagship was founded in 2000 and has since built a portfolio of more than 65 companies in the fields of biotech, medical technology, and sustainability.That portfolio includes Agios, for example, a Cambridge, MA-based company that established a $150 million development deal with Celgene last year.One late-stage investment with a happy ending for Flagship was Accuri Cytometers, a Michigan maker of scientific instruments that was bought by New Jersey medical device giant Becton, Dickinson and Company in 2011 for $205 million.Overall, Afeyan says, the vast interest in this latest fund bodes well for companies in biotech, medical technology, and cleantech.

$ Funding

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Amount $270.0M Total raised
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Date January 11, 2012 Announcement date
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Investors - Lead investors
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Company - Funded company

▥ Classifications

industries
HealthTech
applications
Web and Content Management

◇ AskAI Classifications

Labels
Content Marketing Software SaaS Web Analytics

▦ Linked Companies

Shareaholic
$1M to $5M