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Flagship Pioneering raises $3.4bn

Flagship Pioneering Fund VII has held a final close.

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Fund name: Flagship Pioneering Fund VII
Fund size: $3.37 billion
Target size: $3 billion
Launch date: March 2020
Current status: Final close, June 2021

Flagship Pioneering has held a final close on Flagship Pioneering Fund VII, raising $3.37 billion. The fund is the firm’s first attempt to bring together both growth strategies and origination within a single investment vehicle. The venture capital fund will invest in bioplatform companies.