Flagship closes second Special Opportunities fund at $824M

To help the firm support companies originating from its Flagship Labs incubator, Flagship Pioneering announced Wednesday the close of its Special Opportunities Fund II at $824 million. Investing in the fund are undisclosed LPs as well as new institutional investors and family offices.

Flagship's Noubar Afeyan said the firm will use the new fund to invest in 15-20 of its portfolio growth phase companies that are building multiproduct platforms. ...