# Flagship Pioneering Portfolio Map 2026: 39 Startups by Sector > Flagship Pioneering's portfolio mapped: 39 startups it has backed, in 4 sectors from Biotech, Agtech and AI on. Source: https://millionrounds.com/portfolio-maps/flagship-pioneering-portfolio-map (Millionrounds; every figure on the page links to its filing or article) ## Biotech 26 - [Denali Therapeutics](https://millionrounds.com/company/denali-therapeutics) - [Laronde](https://millionrounds.com/company/laronde) - [Rubius Therapeutics](https://millionrounds.com/company/rubius-therapeutics) - [Repertoire Immune Medicines](https://millionrounds.com/company/repertoire-immune-medicines) - [Kaleido BioSciences](https://millionrounds.com/company/kaleido-biosciences) - [KSQ Therapeutics](https://millionrounds.com/company/ksq-therapeutics) - [Senda Biosciences](https://millionrounds.com/company/senda-biosciences) - [Cellarity](https://millionrounds.com/company/cellarity) - [Visterra](https://millionrounds.com/company/visterra) - [Alltrna](https://millionrounds.com/company/alltrna) - [Codiak Biosciences](https://millionrounds.com/company/codiak-biosciences) - [Ring Therapeutics](https://millionrounds.com/company/ring-therapeutics) - [*C* Codiak](https://millionrounds.com/company/codiak) - [Evelo Biosciences](https://millionrounds.com/company/evelo-biosciences) - [Vesalius Therapeutics](https://millionrounds.com/company/vesalius-therapeutics) - [ProFound Therapeutics](https://millionrounds.com/company/profound-therapeutics) - [Cygnal](https://millionrounds.com/company/cygnal) - [Etiome](https://millionrounds.com/company/etiome) - [Quotient Therapeutics](https://millionrounds.com/company/quotient-therapeutics) - [Metaphore Biotechnologies](https://millionrounds.com/company/metaphore-biotechnologies) - [Omega Therapeutics](https://millionrounds.com/company/omega-therapeutics) - [Tarveda Therapeutics](https://millionrounds.com/company/tarveda-therapeutics) - [Axcella](https://millionrounds.com/company/axcella) - [Torque](https://millionrounds.com/company/torque) +2 more ## Agtech 5 - [*IA* Indigo Agriculture](https://millionrounds.com/company/indigo-agriculture) - [Inari](https://millionrounds.com/company/inari) - [Indigo](https://millionrounds.com/company/indigo) - [Terrana Biosciences](https://millionrounds.com/company/terrana-biosciences) - [Invaio Sciences](https://millionrounds.com/company/invaio-sciences) ## AI 5 - [Lila Sciences](https://millionrounds.com/company/lila-sciences) - [Expedition Medicines](https://millionrounds.com/company/expedition-medicines) - [Mirai Bio](https://millionrounds.com/company/mirai-bio) - [Empress Therapeutics](https://millionrounds.com/company/empress-therapeutics) - [Extuitive](https://millionrounds.com/company/extuitive) ## Pharma 3 - [Ampersand Biomedicines](https://millionrounds.com/company/ampersand-biomedicines) - [Foghorn Therapeutics](https://millionrounds.com/company/foghorn-therapeutics) - [Seres Therapeutics](https://millionrounds.com/company/seres-therapeutics) ## Segment by segment ### Biotech 26 startups · $3.1B raised - [**Denali Therapeutics**](https://millionrounds.com/company/denali-therapeutics) Denali Therapeutics is dedicated to defeating neurodegenerative diseases to deliver safe and effective medicines to patients and families. United States $547M - [**Laronde**](https://millionrounds.com/company/laronde) Laronde develops an eRNA-based therapeutic platform that is capable of indicating diverse proteins inside the body. United States $440M - [**Rubius Therapeutics**](https://millionrounds.com/company/rubius-therapeutics) Rubius has developed the technology to grow, genetically engineer and mature long-circulating Red-Cell Therapeutics. United States $300M - [**Repertoire Immune Medicines**](https://millionrounds.com/company/repertoire-immune-medicines) Repertoire Immune Medicines is a clinical stage biotechnology company. - $189M - [**Kaleido BioSciences**](https://millionrounds.com/company/kaleido-biosciences) Kaleido BioSciences is a company working to design and analyze the microbiome system and provide adaptive solutions. United States $161M - [**KSQ Therapeutics**](https://millionrounds.com/company/ksq-therapeutics) KSQ Therapeutics is using CRISPR technology within a powerful drug discovery engine to enable high-confidence drug development. United States $156M - [**Senda Biosciences**](https://millionrounds.com/company/senda-biosciences) Senda Biosciences is a therapeutics platform company leveraging unprecedented insights into the molecular connections between humans. United States $123M - [**Cellarity**](https://millionrounds.com/company/cellarity) Cellarity is a biotechnology therapeutics company based in Somerville, Massachusetts, founded in 2017 by Flagship Pioneering. United States $121M ### Agtech 5 startups · $559M raised - [*IA* **Indigo Agriculture**](https://millionrounds.com/company/indigo-agriculture) United States $250M - [**Inari**](https://millionrounds.com/company/inari) Inari is a seed design and biotechnology company developing seeds for a nature-positive food system. United States $150M - [**Indigo**](https://millionrounds.com/company/indigo) Nestled at the corner of Trinity Place and Rector Street, in the Financial District, enjoy personalized, intimate service. United States $60M - [**Terrana Biosciences**](https://millionrounds.com/company/terrana-biosciences) Terrana's novel technology platform enables resilient agriculture for a rapidly changing world through RNA-based plant health solutions. United States $50M - [**Invaio Sciences**](https://millionrounds.com/company/invaio-sciences) Invaio Sciences is a technology company that is dedicated to solving pressing agriculture, nutrition, and environmental challenges. United States $50M ### AI 5 startups · $721M raised - [**Lila Sciences**](https://millionrounds.com/company/lila-sciences) Lila Sciences is a biotechnology company based in Cambridge, Massachusetts, founded in 2023 through a merger of two projects from United States $551M - [**Expedition Medicines**](https://millionrounds.com/company/expedition-medicines) Expedition Medicines develops an AI-powered platform that creates small-molecule drugs for previously inaccessible disease targets. United States $50M - [**Mirai Bio**](https://millionrounds.com/company/mirai-bio) Mirai Bio provides access to end-to-end development capabilities with innovation at every step. United States $50M - [**Empress Therapeutics**](https://millionrounds.com/company/empress-therapeutics) Empress Therapeutics is a biotechnology company focused on small-molecule drug discovery. United States $50M - [**Extuitive**](https://millionrounds.com/company/extuitive) Extuitive is an AI-first technology company based in Cambridge, Massachusetts, founded in 2025 by Flagship Pioneering. United States $20M ### Pharma 3 startups · $119M raised - [**Ampersand Biomedicines**](https://millionrounds.com/company/ampersand-biomedicines) Ampersand Biomedicines is a biotechnology startup based in Boston, founded in 2021 by Flagship Pioneering. United States $65M - [**Foghorn Therapeutics**](https://millionrounds.com/company/foghorn-therapeutics) Foghorn Therapeutics is developing therapies based on a system that directs which genes our cells express, United States $50M - [**Seres Therapeutics**](https://millionrounds.com/company/seres-therapeutics) Seres Therapeutics is a microbiome therapeutics company that develops treatments for serious diseases. United States $3.6M **How this map is made.** Every startup here has raised money in a round we track that names Flagship Pioneering as an investor, the first in 2017. Each sits under its main sector, read from its rounds, and each shows its best-funded first. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Sector portfolio **Flagship Pioneering's Biotech portfolio** 25 startups · $3.1B](https://millionrounds.com/portfolio-maps/flagship-pioneering-biotech-portfolio)[Co-investors **Who invests with Flagship Pioneering** 15 co-investors](https://millionrounds.com/portfolio-maps/flagship-pioneering-co-investors)[Portfolio map **Techstars portfolio map** 1,119 startups · $16B](https://millionrounds.com/portfolio-maps/techstars-portfolio-map)[Portfolio map **Alumni Ventures portfolio map** 745 startups · $64B](https://millionrounds.com/portfolio-maps/us-strategic-tech-fund-an-alumni-ventures-fund-portfolio-map)[Portfolio map **Andreessen Horowitz portfolio map** 694 startups · $497B](https://millionrounds.com/portfolio-maps/andreessen-horowitz-portfolio-map)[Portfolio map **Sequoia Capital portfolio map** 651 startups · $677B](https://millionrounds.com/portfolio-maps/sequoia-capital-portfolio-map) ## Raising from investors like Flagship Pioneering? 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