1:04 PM
 | 
Dec 22, 2017
 |  BioCentury  |  Finance

Flying high

Why Flagship Pioneering expanded its LP base for sixth fund

Flagship Pioneering has expanded its LP base with its sixth fund to meet its goal of launching six to eight newcos per year out of its VentureLabs unit.

Flagship Pioneering Fund VI L.P. closed on Dec. 20 at $618 million to fund early stage life sciences companies.

When Flagship closed its fifth fund at $537 million in 2015, the firm had planned to create four to five newcos a year from VentureLabs,...

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