Funding round
Flagship Pioneering Growth
Reported as "Growth Equity"
Flagship Pioneering, which works in biotechnology venture capital investment in Cambridge, raised $3.60B in a Growth round announced on 10 Jul 2024.
$3.60B
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Flagship Pioneering did not disclose a valuation in this round. It is Flagship Pioneering's first venture round on record, 24 years after it was founded in 2000. No later venture round is on record for Flagship Pioneering.
Flagship Pioneering's funding rounds
This is the only venture round on record for Flagship Pioneering.
- Growth this round 10 Jul 2024 $3.60B
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
38 Growth rounds in Biotechnology within a year either side disclosed an amount; the median was $50M, and this round was 72 times the median. The closest in time, other companies' Growth rounds in Biotechnology:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Biotechnology | 24 Jul 2024 | $35M | not disclosed | not named |
| Biotechnology | 21 Aug 2024 | $300M | not disclosed | Viking Global |
| Biotechnology | 18 Jun 2024 | $190M | not disclosed | Forbion and Sofinnova Partners |
| Biotechnology | 20 Jun 2024 | $131M | not disclosed | not named |
| Biotechnology | 21 May 2024 | $52M | not disclosed | Insight Partners and UCB Ventures |
| Biotechnology | 7 May 2024 | $50M | not disclosed | Flagship Pioneering |
| Biotechnology | 12 Sep 2024 | $39M | not disclosed | BOLD Capital Partners and DeepTech & Climate Fonds |
| Biotechnology | 22 Sep 2024 | $38M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Flagship Pioneering raise in its Growth round?
Flagship Pioneering raised $3.60B in its Growth round, announced in Jul 2024.
What was Flagship Pioneering's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Biotechnology?
38 Growth rounds in Biotechnology within a year either side disclosed an amount; the median was $50M, and this round was 72 times the median.