Flagship Pioneering related stories
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Flagship Ventures Closes Fund IV with $270MCambridge, Mass.-based Flagship Ventures has closed its new fund, Flagship Ventures Fund IV L.P., with $270 million in commitments. The firm said it exceeded a $250 million target, and saw participation from pension funds, foundations, fund-of-funds, corporations and individuals. The early-stage investment firm was formed in 2000. It’s previous fund closed in 2007 with $235 million.
- Acceleron Pharma Inks $30M
Cambridge, Mass.-based Acceleron Pharma Inc. has raised $30 million in financing. The company said that strategic partner Celgene contributed to the round, along with “all other existing investors.” Acceleron has raised capital from Advanced Technology Ventures, Alkermes, Avalon Ventures, Bessemer Ventures, Celgene, Flagship Ventures, MPM BioEquities, OrbiMed Advisors, Polaris Ventures, QVT Financial, Sutter Hill Ventures and Venrock. The new funds will be used to expand the company’s clinical stage pipeline.
- VC-backed Seventh Sense Inks $3.28M Grant
Seventh Sense Biosystems Inc., a Cambridge, Mass.-based developer of technology for decentralized diagnostic testing, has sealed a $3.28 million grant from the Bill & Melinda Gates Foundation. Formed in 2008, the company is backed by investors including Flagship Ventures, Polaris Venture Partners and Third Rock Ventures.
- Agios Pharmaceuticals Seals $78M Series C
Agios Pharmaceuticals, a Cambridge, Mass.-based developer of drugs to treat cancer, has sealed a whopping $78 million in fresh capital. The company did not disclose all investors in the Series C round, but said that publicly traded Celgene participated, as did existing backers ARCH Venture Partners, Flagship Ventures and Third Rock Ventures.
- Selecta Biosciences Seals Up to $47.25M
Watertown, Mass.-based Selecta Biosciences Inc. has closed on up to $47.25 million financing round from investors including RUSNANO, a $10-billion Russian Federation fund. The funding will be used for research and development efforts around the company’s vaccines and immunotherapies. Selecta’s financing breaks down into a $22 million Series D, and additional funding up to $25.25 million for strategic activities in Russia, the company said.
- VC-Backed Quanterix Adds CEO
Martin Madaus has joined Quanterix Corp. as CEO. The company is a molecular diagnostics firm. Quanterix is backed by ARCH Venture Partners, Bain Capital Ventures, and Flagship Ventures.
- T2 Biosystems Seals $23M Series D
Lexington, Mass.-based T2 Biosystems has closed a $23 million Series D financing round led by new investor Aisling Capital. Return backers Flagship Ventures, Polaris Venture Partners, Flybridge Capital Partners, Physic Ventures, Partners Healthcare, Arcus Ventures, RA Capital, Camros Capital and WS Investments also contributed. The money will help with ongoing development and clinical trials of the company’s diagnostic technology.
- Seventh Sense Biosystems Adds $4.5M
Cambridge, Mass.-based Seventh Sense Biosystems has raised $4.5 million of a planned $10 million Series A round, the company said Wednesday. Existing investors Flagship Ventures, Polaris Venture Partners and Third Rock Ventures provided the tranche, which will be used for continued development of the company’s blood sampling technology.