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VC Roundup: Flagship’s New Fund Designed To Raise Its Stake In Startups

 
• By Mandy Jackson

Newly renamed Flagship Pioneering has raised a $285m venture capital fund to remain invested in portfolio companies as they grow. Also, 12 new and growing biopharma companies raised $657.15m.

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Flagship Ventures – now known as Flagship Pioneering – recently changed its name to reflect its focus on life science startups and raised a new $285m fund so that it can boost its ownership stake as companies that the venture capital firm has created evolve.

Cambridge, Massachusetts-based Flagship often does more than just acquire some intellectual property and build a company around it. The VC...

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