Fundraising Fox

Flagship Pioneering

Venture studio

Cambridge · Seed–Series A · 9 people tracked

Also known as Flagship Pioneering Special · FLAGSHIP PIONEERING, LLC · Flagship Ventures Management, Inc.

Fox Verdict
Sign up to see your fit

Investment thesis

Flagship Pioneering has spent over 25 years pursuing breakthroughs at the frontiers of science, aiming to make the seemingly impossible possible for the benefit of people and the planet. The firm emphasizes a culture of fearless exploration and discovery, building companies and pioneering advances that push the boundaries of knowledge. Its work is centered on both scientific breakthroughs and the people who drive them.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Series A
Check
$500K – $10M
HQ
Cambridge, Massachusetts, US
Leads rounds
Follows
Instruments
Equity
Founded
2000
AUM
$14.1B
VC funds
29
Tracked investments
50

Team · 9 people

from the firm's website & public directories
Stephane Bancel· Partner

What they invest in

from 17 of 50 portfolio companies

Biotech ×15AI & Machine Learning ×7Deep Tech ×5Medical Devices ×5IoT ×2AgTech ×1Consumer ×1Digital Health ×1

HQs:United States×14

Investments · 50 tracked

founders shown can be your intro path
Generate Biomedicinesgeneratebiomedicines.comin𝕏NASDAQ: GENB✓ verified

Generate:Biomedicines develops protein-based therapeutics using artificial intelligence and machine learning in a field it calls Generative Biology, combining computational protein design with biological engineering.

AI & Machine LearningBiotechDeep TechSomerville, US

Gevorg Grigoryan(Co-Founder & Chief Technology Officer)

Seres Therapeuticsserestherapeutics.comin𝕏NASDAQ: MCRB✓ verified

Seres Therapeutics is a clinical-stage biotechnology company developing therapies composed of rationally selected live bacterial consortia to treat serious diseases through modulation of the human microbiome.

BiotechDigital HealthHealthtechMedical DevicesCambridge, US

Matthew Henn(President and Chief Scientific Officer)

Moderna TherapeuticsNASDAQ: MRNASEC filingmedium confidence

BiotechCambridge, US

Lorence Kim(Executive Officer)Stephane Bancel(Executive Officer, Director)Robert Langer(Director)Peter Hutt(Director)John Mendlein(Director)James R. Kasinger(Executive Officer)

Board seatNoubar Afeyan· per SEC Form D · $600M raise · filed Aug 2016

Seres HealthNASDAQ: MCRBSEC filinghigh confidence

BiotechCambridge, US

Peter Barton Hutt(Director)Richard Kender(Director)David Berry(Director)Werner Cautreels(Director)Noubar Afeyan(Director)John Aunins(Executive Officer)

Board seatDavid BerryNoubar Afeyan· per SEC Form D · $65M raise · filed Jan 2015

Foghorn TherapeuticsNASDAQ: FHTX
ModernaNASDAQ: MRNA

In March 2024, BXLS announced a collaboration providing up to $750M to advance Moderna's influenza mRNA vaccine program.

Sana BiotechnologyNASDAQ: SANA
Inariinari.comin✓ verified

Inari applies artificial intelligence and gene editing to accelerate plant breeding, delivering crop improvement solutions for farmers focused on soybeans, corn, and wheat across broadacre agriculture.

AgTechAI & Machine LearningBiotechCambridge, US

Lisa Safarian(CEO)Robert Berendes, Ph.D.(Director)Robert Rosiello(Director)Sophie V. Vandebroek(Director)Michael Mack(Chairman of the Board)Ignacio Martinez(Director)

Metaphorebiometaphorebio.comin𝕏✓ verified

Metaphore develops a platform that measures biological activity inside cells at scale to design antibody medicines with novel mechanisms of action.

AI & Machine LearningBiotechDeep TechMedical Devices

Vesalius Therapeuticsvesaliustx.com✓ verified

Vesalius Therapeutics develops a computational platform that identifies distinct disease subtypes within common diseases like heart failure, diabetes, and Alzheimer's by analyzing patient data and gene circuits, then uses proprietary cell-based models to discover targeted drug candidates.

AI & Machine LearningBiotechDeep TechCambridge, US

Yasir Al-Wakeel(CEO)in

BG MedicineSEC filingmedium confidence

BiotechWaltham, US

Timothy Harris(Director)Stephen Hall(Executive Officer)Paul Sohmer(Executive Officer, Director)Noubar Afeyan(Director)Stelios Papadopoulos(Director)Aram Adourian(Executive Officer)

Board seatNoubar Afeyan· per SEC Form D · $2.5M raise · filed May 2015

Cibo Technologiescibotechnologies.comin𝕏SEC filinghigh confidence

Cambridge, US

Lila Preston(Director)David Worn(Executive Officer, Director)Barry Martin(Executive Officer)Martin Taylor(Director)Robert Berendes(Director)Ryan Richt(Executive Officer)

Board seatIgnacio MartinezStephen BerensonNoubar Afeyan· per SEC Form D · $15M raise · filed Jan 2020

Codiak BioSciencesSEC filingmedium confidence

BiotechSeattle, US

Noubar Afeyan(Director)Eric Lander(Director)Steven Gillis(Director)Doug Williams(Executive Officer, Director)

Board seatNoubar Afeyan· per SEC Form D · filed Nov 2015

Moderna LLCSEC filingmedium confidence

Cambridge, US

Board seatNoubar Afeyan· per SEC Form D · $502.2M raise · filed Jan 2015

Pronutria BiosciencesSEC filinghigh confidence

BiotechCambridge, US

Robert Connelly(Executive Officer, Director)Garry Menzel(Executive Officer)John Mendlein(Director)Peter Barton Hutt(Director)David Berry(Director)Jeff Moore(Executive Officer)

Board seatNoubar Afeyan· per SEC Form D · filed Feb 2016

Rubius TherapeuticsSEC filingmedium confidence

BiotechCambridge, US

Peter Barton Hutt(Director)David Epstein(Director)Harvey F. Lodish(Director)Michael Rosenblatt(Director)Roger Pomerantz(Director)Robert S. Langer(Director)

Board seatNoubar Afeyan· per SEC Form D · $120M raise · filed Jun 2017

Abiologics
AllTrna
Ampersand Biomedicines
Apriori Bio
Cellaritycellarity.comin𝕏

Cellarity develops therapeutics using AI-powered multi-omics analysis to identify and correct dysfunctional cellular states, treating complex diseases by regulating genetic pathways rather than targeting single genes.

AI & Machine LearningBiotechMedical Devices

Empress Therapeutics
Etiome
Expedition Medicines
Extuitive
Generate Biosciences
Harbinger Health
Indigo Agriculture
Invaioinvaio.com
Korruskorrus.comin𝕏

OIO develops smart circadian lighting bulbs and an app-based system that adjusts light wavelengths throughout the day to boost daytime focus and alertness while removing blue light at night to support sleep quality.

ConsumerIoTWellness & Fitness

KSQ Therapeuticsksqtx.comin𝕏

KSQ Therapeutics develops eTIL therapies—engineered tumor-infiltrating lymphocyte treatments for solid tumors—using its proprietary CRISPRomics platform to identify and target novel therapeutic candidates through genome-wide CRISPR/Cas9 functional genomic screens.

AI & Machine LearningBiotechMedical DevicesCambridge, US

GEORGE GOLUMBESKI(Director)RICHARD A. MOSCICKI, PH.D.(Director)ALAN L. CRANE(Director)JAMES GILBERT(Director)JOHN TRZUPEK, PH.D.(TREASURER, SECRETARY & CHIEF FINANCIAL OFFICER)DAVID P. MEEKER, M.D.(PRESIDENT AND CHIEF EXECUTIVE OFFICER)

Lila Scienceslila.ai𝕏

LILA Sciences builds AI systems for autonomous scientific research and discovery across medicine, materials, energy, and defense sectors.

AI & Machine LearningBiotechDeep TechSaaS

Mirai Bio
Montai Health
Montai Therapeutics
Nobelprizenobelprize.orgin𝕏
pipelinemodernatx.comin𝕏

Moderna develops mRNA-based medicines for infectious and serious diseases using its proprietary mRNA platform and design technology.

BiotechDeep TechMedical Devices

Prologue Medicines
Quotient Therapeutics
Repertoire Immune Medicines
Ring
Ring exitedring.com

Ring provides video doorbells and security cameras that allow homeowners to monitor their property and enhance security across indoor and outdoor spaces.

HardwareIoT

Jamie Siminoff(Founder)

Serif Biomedicinesserifbiomedicines.comin
Terion
Terrana Biosciences
Tessera
Valo

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Public market activity · per SEC filings

what is this? ⓘ

51 insider ownership filings (Forms 3/4/5)

at Generate Biomedicines, Inc. (GENB), Foghorn Therapeutics Inc. (FHTX), Sana Biotechnology, Inc. (SANA), Sigilon Therapeutics, Inc. (SGTX), Evelo Biosciences, Inc. (EVLO), Omega Therapeutics, Inc. (OMGA), Axcella Health Inc. (AXLA), Seres Therapeutics, Inc. (MCRB)

Files 13F institutional holdings reports · latest May 2026

From the firm's own SEC EDGAR filings — stakes and insider roles in public companies, typically portfolio companies after an IPO. Not a portfolio list published by the firm.

Frequently asked questions

What stage does Flagship Pioneering invest at?
Flagship Pioneering invests at the Seed, Series A stages.
What is Flagship Pioneering's typical check size?
Flagship Pioneering typically writes checks of $500K – $10M.
What sectors does Flagship Pioneering focus on?
Flagship Pioneering focuses on AI & Machine Learning, Biotech, Deep Tech, Healthtech, Longevity, Sector Agnostic.
Where is Flagship Pioneering located?
Flagship Pioneering is headquartered in Cambridge, US.
Does Flagship Pioneering lead rounds?
Flagship Pioneering typically participates in rounds rather than leading them.

Media · Podcasts & interviews

featuring the team

Flagship Pioneering's Noubar Afeyan speaks to new citizens at the JFK Library - YouTube

John F. Kennedy Library Foundation · Noubar Afeyan

Fireside Chat with Noubar Afeyan, Founder & CEO of Flagship Pioneering - YouTube

Boston Globe Events · Noubar Afeyan

No Priors Ep. 104 | With Flagship Pioneering CEO and Co-Founder Noubar Afeyan - YouTube

No Priors: AI, Machine Learning, Tech, & Startups · Noubar Afeyan

Noubar Afeyan: Moderna, AI, Flagship Pioneering, Biotech, Armenia, Lebanon | Episode #007 - YouTube

MIT New Colossus Project · Noubar Afeyan

Founder Stories: Noubar Afeyan, Flagship Pioneering - YouTube

Axial · Noubar Afeyan

Interview with Geoffrey von Maltzahn, General Partner, Flagship Pioneering - YouTube

The Montgomery Summit · Geoffrey von Maltzahn

Images

Flagship Pioneering photoFlagship Pioneering photoFlagship Pioneering photoFlagship Pioneering photoFlagship Pioneering photo

Co-investors · 28

General Catalyst

General Catalyst is a venture capital and investment firm that backs founders across industries, with a strong focus on AI-driven transformation, fintech, healthcare, and other sectors.

$30M
GV (Google Ventures)

Google Ventures is a venture capital investor that backs innovative founders across multiple industries, focusing on long-term partnerships and providing value across multiple funding stages and company milestones.

$250K – $50M
Lightspeed Venture Partners

Lightspeed Venture Partners is a global venture capital firm known for backing AI and technology founders, emphasizing deep, hands-on partnerships with the companies it funds.

$1.7M – $87M
Khosla Ventures

Khosla Ventures is a venture capital firm known for backing bold, contrarian bets in world-class teams that can reshape entire industries.

$5K – $50M
Alumni Ventures

Alumni Ventures (AV) is a venture firm that gives accredited individual investors access to professionally managed, diversified venture portfolios by co-investing alongside leading lead VC firms. It offers annual funds, syndicate deal-by-deal investing, and various investor clubs.

$100K – $10M
Sapphire Ventures

Sapphire Ventures is a venture capital firm founded in 2011 that backs technology companies, offering operating support such as executive talent and customer introductions to its portfolio.

$5M – $20M
SOSV

SOSV is a deep tech venture capital firm that makes first-check pre-seed investments and follow-on rounds in startups focused on human and planetary health, providing lab space and hands-on support at its US locations.

$30K – $550K
F-Prime Capital Partners

F-Prime Capital Partners is a venture capital firm whose team of scientists, engineers, physicians, operators, and investors supports companies in scaling and accelerating growth.

$3M – $10M
Venrock

Venrock is a venture capital firm investing across technology and healthcare, backing companies in fintech, developer infrastructure, life sciences, therapeutics, semiconductors, and consumer products.

$500K – $10M
Polaris Partners

Polaris Partners is a venture capital firm that partners with biotech and healthcare entrepreneurs to build transformational companies.

$500K – $5M
23andMe

23andMe Research Institute is a genetic research organization that unites a community of 11 million members to advance health discoveries and deepen understanding of human DNA through collaborative research. The institute operates a cycle where members contribute genetic data that fuels research, which produces insights and breakthroughs that flow back to members and society.

Tribeca Venture Partners

Tribeca Venture Partners is a New York-based venture capital firm that backs early-stage founders using emerging technologies to build category-defining companies.

$1M – $15M
16 more co-investors

ARCH Venture PartnersOrbiMedFlare Capital PartnersNational Grid PartnersTA VenturesJohnson & Johnson Innovation – JJDCCambridge Innovation CapitalThird Rock VenturesAisling CapitalSamsara BioCapital1955 Capital+ND CapitalVensana CapitalBorealis VenturesACORN BIOVENTURESPetri

Firms observed investing alongside Flagship Pioneering, from public investor directories.

Similar investors

Featured in lists