Two investment firms that focus on life science companies at their earliest stages said on 2 April that they have raised a total of $2.56bn across three venture capital funds – Flagship Pioneering with a single $1.1bn fund and ARCH Venture Partners with two funds totaling $1.46bn. These new funds may help their investors and limited partners capitalize on the biopharmaceutical industry’s rising profile due to its role in helping with the COVID-19 pandemic.
Flagship, ARCH Close VC Funds Totaling $2.56bn
Flagship Pioneering raised $1.1bn to fund life science companies emerging from Flagship Labs. ARCH, another frequent start-up co-founder, raised two funds totaling $1.46bn to back early-stage biotech.
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