# Flagship Ventures: portfolio, investments and team

> Flagship Ventures is an accelerator. 58 investments on record, latest Feb 2016. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/flagship-ventures (Millionrounds; every figure on the page links to its filing or article)

[Investor](https://millionrounds.com/investors)

# Flagship Ventures

No cheque observed since Feb 2016, after 58 earlier cheques, and the website is dead.

Dormant New fund $137M, Jun 2016 Accelerator

Series A Series B Series C

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 58 on record

Since the last cheque **3910** days **00** hrs **00** min **00** sec

Median round **$20M** Rounds led **0 of 58** Sole investor **8 rounds** Exits **8 from the portfolio** Mostly in **United States, 97%**

Pitch Flagship Ventures

## Flagship Ventures highlights

- 01 58 rounds on record
- 02 Mostly Series A and Series B: 65% of its rounds
- 03 Sole investor in 8 rounds, median $42M
- 04 8 exits from the portfolio

## What they do

- **Type:** Accelerator (from a list, unverified)
- **Cheque size:** Not stated
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **58 appearances**

- **2016** 1 round
- **Feb** **[AgTech Accelerator](https://millionrounds.com/company/agtech-accelerator)** **$20M** With 9 others
- **2015** 9 rounds
- **Nov** **[Codiak Biosciences](https://millionrounds.com/company/codiak-biosciences)** Series A · US **$80M** With 2 others
- **Nov** **[Evelo Therapeutics](https://millionrounds.com/company/evelo-therapeutics)** Venture · US **$35M** Sole investor
- **Oct** **[TARIS Biomedical](https://millionrounds.com/company/taris-biomedical)** Growth · US **$32M** With 2 others
- **Sept** **[Selecta Biosciences](https://millionrounds.com/company/selecta-biosciences)** Series E · US **$38M** With 7 others
- **Aug** **[Editas Medicine](https://millionrounds.com/company/editas-medicine)** Series B · US **$120M** With 14 others
- **May** **[Pronutria Biosciences, Inc.](https://millionrounds.com/company/pronutria-biosciences-inc)** Series C · US **$39M** With 1 other
- **May** **[Denali Therapeutics](https://millionrounds.com/company/denali-therapeutics)** Series A · US **$217M** With 3 others
- **Mar** **[Red Rock Biofuels](https://millionrounds.com/company/red-rock-biofuels)** US **Undisclosed** Sole investor
- **Jan** **[Blend Therapeutics](https://millionrounds.com/company/blend-therapeutics)** Series B · US **$21M** With 3 others
- **2014** 7 rounds
- **Dec** **[Seres Health](https://millionrounds.com/company/seres-health)** Series C · US **$48M** Sole investor
- **Nov** **[Symbiota](https://millionrounds.com/company/symbiota)** Series A · US **$7.5M** Sole investor
- **Oct** **[Syros Pharmaceuticals](https://millionrounds.com/company/syros-pharmaceuticals)** Series B · US **$53M** With 5 others
- **Oct** **[Visterra](https://millionrounds.com/company/visterra)** Series B · US **$30M** With 7 others
- **Sept** **[Black Duck Software](https://millionrounds.com/company/black-duck-software)** Series F · US **$20M** With 7 others
- **Aug** **[Seventh Sense Biosystems](https://millionrounds.com/company/seventh-sense-biosystems)** Series B · US **$16M** With 4 others
- **May** **[Seres Health](https://millionrounds.com/company/seres-health)** Series B · US **$10M** With 3 others
- **2013** 3 rounds
- **Dec** **[Blend Therapeutics](https://millionrounds.com/company/blend-therapeutics)** Series B · US **$21M** With 2 others
- **Dec** **[Pronutria](https://millionrounds.com/company/pronutria)** Series B · US **$12M** With 1 other
- **Nov** **[Moderna Therapeutics](https://millionrounds.com/company/moderna-therapeutics)** Growth · US · finsmes.com **$135M** Sole investor
- **2012** 2 rounds
- **Nov** **[Tangent Medical Technologies](https://millionrounds.com/company/tangent-medical-technologies)** Series B · US · sec.gov **$8.6M** With 2 others
- **Jan** **[Joule Unlimited](https://millionrounds.com/company/joule-unlimited)** Series C · US · jouleunlimited.com **$70M** Sole investor
- **2011** 1 round
- **Oct** **[Black Duck Software](https://millionrounds.com/company/black-duck-software)** Series E · US · masshightech.com **$12M** With 9 others
- **2010** 1 round
- **Jun** **[Acceleron Pharma](https://millionrounds.com/company/acceleron-pharma)** Venture · US **$10M** With 4 others
- **2009** 1 round
- **Feb** **[Black Duck Software](https://millionrounds.com/company/black-duck-software)** Series D · US · techcrunch.com **$5.0M** With 9 others
- **2008** 6 rounds
- **Aug** **[Quanterix](https://millionrounds.com/company/quanterix)** Series A · US · equityhelpdesk.com **$15M** With 2 others
- **Jul** **[Accuri Cytometers](https://millionrounds.com/company/accuri-cytometers)** Series C · US · sec.gov **$13M** With 3 others
- **Jul** **[Agios Pharmaceuticals](https://millionrounds.com/company/agios-pharmaceuticals)** Series A · US **$33M** With 2 others
- **Jul** **[BG Medicine](https://millionrounds.com/company/bg-medicine)** Series D · US · liquidscenarios.com **$41M** With 3 others
- **May** **[Jinko Solar Holding](https://millionrounds.com/company/jinkosolar-holding)** Series A · CN **Undisclosed** Sole investor
- **Apr** **[VisEn Medical](https://millionrounds.com/company/visen-medical)** Series B · US **$5.0M** With 3 others
- **2007** 5 rounds
- **Nov** **[BIND Therapeutics](https://millionrounds.com/company/bind-therapeutics)** Series B · US **$16M** With 3 others
- **Nov** **[Ensemble Discovery](https://millionrounds.com/company/ensemble-discovery)** Series B · US **$15M** With 6 others
- **Jul** **[Ze-gen](https://millionrounds.com/company/ze-gen)** Series A · US **$4.5M** With 1 other
- **Feb** **[Everyday Wireless](https://millionrounds.com/company/everyday-wireless)** Series A · US **$6.8M** Sole investor
- **Feb** **[BIND Biosciences](https://millionrounds.com/company/bind-biosciences)** Series A · US **$2.5M** With 1 other
- **2006** 1 round
- **Nov** **[Tetraphase Pharmaceuticals](https://millionrounds.com/company/tetraphase-pharmaceuticals)** Series A · US **$10M** With 4 others
- **2005** 2 rounds
- **Dec** **[Resolvyx Pharmaceuticals](https://millionrounds.com/company/resolvyx-pharmaceuticals)** Series A · US **$17M** With 2 others
- **Jun** **[Brainshark](https://millionrounds.com/company/brainshark)** Series C · US **$6.9M** With 4 others
- **2004** 7 rounds
- **Sept** **[SiCortex](https://millionrounds.com/company/sicortex)** Series A · US **$21M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **1 named**

NB **Noubar B. Afeyan, Ph.D.** Executive Officer i Filing they signed

We also hold **1** person at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## Exits from the portfolio

Companies it backed that were later bought or listed **8 in all**

**[Agios Pharmaceuticals](https://millionrounds.com/company/agios-pharmaceuticals)** Listed **$86M** Jun 2013

**[Accuri Cytometers](https://millionrounds.com/company/accuri-cytometers)** Bought by (Becton, Dickinson and Company) **Undisclosed** Mar 2011

**[Adnexus](https://millionrounds.com/company/adnexus)** Bought by [Bristol-Myers Squibb](https://millionrounds.com/fund/bristol-myers-squibb) **$415M** Aug 2010

**[CGI Pharmaceuticals](https://millionrounds.com/company/cgi-pharmaceuticals)** Bought by [Gilead Sciences](https://millionrounds.com/fund/gilead-sciences) **$120M** Jun 2010

**[AVEO Pharmaceuticals](https://millionrounds.com/company/aveo-pharmaceuticals)** Listed **Undisclosed** Mar 2010

**[NuVox](https://millionrounds.com/company/nuvox)** Bought by Windstream **$643M** Nov 2009

**[Adnexus](https://millionrounds.com/company/adnexus)** Bought by [Bristol-Myers Squibb](https://millionrounds.com/fund/bristol-myers-squibb) **$415M** Sept 2007

**[Hypnion](https://millionrounds.com/company/hypnion)** Bought by Lilly **Undisclosed** Apr 2007

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$137M**

raised in Jun 2016

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Series A Series B Series C

Median round joined **$20M** the round, not its cheque Alone, median **$42M**

Led 0 of 58 rounds **0%**

- **Sole investor:** 8 rounds
- **Last cheque:** Feb 2016
- **Exits:** 8 from the portfolio

Rounds by stage said on their site

- Series A *18*
- Series B *16*
- Series C *10*
- Venture *3*
- Growth *3*
- Series D *2*

Cheques by year Led Joined

2001 2016

Often in the room with

- [Polaris Partners](https://millionrounds.com/fund/polaris-partners) 12
- [ARCH Venture Partners](https://millionrounds.com/fund/arch-venture-partners) 8
- [Alexandria Real Estate Equities](https://millionrounds.com/fund/alexandria) 5
- [Boston Millennia Partners](https://millionrounds.com/fund/boston-millennia-partners) 3
- [General Catalyst](https://millionrounds.com/fund/general-catalyst) 3
- [Hard Yaka](https://millionrounds.com/fund/hard-yaka) 3

**Pitching Flagship Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Flagship Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Polaris Partners** VC firm **12** rounds together](https://millionrounds.com/fund/polaris-partners)[**ARCH Venture Partners** VC firm **8** rounds together](https://millionrounds.com/fund/arch-venture-partners)[**Alexandria Real Estate Equities** VC firm **5** rounds together](https://millionrounds.com/fund/alexandria)[**Boston Millennia Partners** Private equity **3** rounds together](https://millionrounds.com/fund/boston-millennia-partners)[**General Catalyst** VC firm **3** rounds together](https://millionrounds.com/fund/general-catalyst)[**Hard Yaka** VC firm **3** rounds together](https://millionrounds.com/fund/hard-yaka)[**Harris & Harris Group** Growth equity **3** rounds together](https://millionrounds.com/fund/harris-and-harris-group)[**Intel Capital** Corporate VC **3** rounds together](https://millionrounds.com/fund/intel-capital)[**MPM Capital** Private equity **3** rounds together](https://millionrounds.com/fund/mpm-bioimpact)[**Nano Dimension** Growth equity **3** rounds together](https://millionrounds.com/fund/nanodimension)[**Oxford Bioscience Partners** Growth equity **3** rounds together](https://millionrounds.com/fund/oxford-bioscience-partners)[**SAP** Growth equity **3** rounds together](https://millionrounds.com/fund/sap)

## Mentioned on podcasts

Episodes that name Flagship Ventures in their description, not their title.

- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 13 Jan 2020 · 37 min 20VC: Khosla Ventures Founding Partner, Samir Kaul on Why Pro Rata Is A Cop Out, Why He Likes Technical Risk and Does Not Take Market Risk & How To Approach Time Allocation Across The Portfolio In Venture With [Samir Kaul](https://millionrounds.com/person/samir-kaul-2) Mentions [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures)[Flagship Ventures](https://millionrounds.com/fund/flagship-ventures) Apple PodcastsShow page
- [Inevitable](https://millionrounds.com/podcasts/inevitable) 10 Oct 2019 · 52 min Ep 44: Emily Reichert, CEO of Greentown Labs Mentions [Cleantech Open](https://millionrounds.com/fund/cleantech-open)[Flagship Ventures](https://millionrounds.com/fund/flagship-ventures) Apple PodcastsShow page

## Quick answers about Flagship Ventures

### What does Flagship Ventures invest in?

Flagship Ventures invests most often at Series A and Series B (65% of the rounds on record).

### How active is Flagship Ventures?

58 investments on record, 0 of them in the last 12 months. The most recent was in Feb 2016.

### What has Flagship Ventures invested in recently?

Its most recent investments on record: AgTech Accelerator (Feb 2016).

### How big are Flagship Ventures's cheques?

The median round it joins is $20M.

### Does Flagship Ventures lead rounds?

Rarely, if at all: none of its 58 investments on record names it as the lead.

### Where does Flagship Ventures invest?

Most of the companies it backs are in the United States (97%).

### Is Flagship Ventures investing now?

It looks quiet: no investment on record since Feb 2016.

### Who does Flagship Ventures invest alongside?

Most often Polaris Partners (12 rounds together), ARCH Venture Partners (8 rounds together) and Alexandria Real Estate Equities (5 rounds together).

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