Flagship Ventures Closes New Fund at $270M
Summary
Flagship Ventures, a Cambridge, Mass.-based venture capital firm focused on healthcare and sustainability, has closed its new fund, at $270m.Flagship Ventures Fund IV L.P. was supported by new and existing pension funds, foundations, fund-of-funds, corporations and individuals.It will focus on investing in early-stage companies and later-stage opportunities in three principal business sectors such as therapeutics, medical technologies, and sustainability/clean technology.Founded in 2000, Flagship Ventures operates through two synergistic units: VentureLabs which invents and launches transformative companies, and Venture Capital, which finances and realizes innovative, early-stage companies.FinSMEs 11/01/2012
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