FP
Flagship Pioneering
Venture Capital · Founded 2000 · Cambridge, United States
Flagship Pioneering’s biggest current holdings.
Flagship Pioneering is a named shareholder in 4 companies. Dealroom estimates those stakes are worth about $2.7B in total — the disclosed percentage × each company’s latest valuation. The 4 biggest are below, each sized by that estimate.
Indigo
$1.1B
32% of $3.5B
Inari
$716M
33% of $2.2B
Lila Sciences
$546M
42% of $1.3B
Valo Health
$304M
32% of $950M
-
1
Indigo
32%
$3.5B
$1.1B
-
2
Inari
33%
$2.2B
$716M
-
3
Lila Sciences
42%
$1.3B
$546M
-
4
Valo Health
32%
$950M
$304M
Estimated value = Flagship Pioneering’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. See the underlying shareholder registers on Dealroom →
Flagship Pioneering’s biggest exits.
Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Flagship Pioneering’s transaction record.
Where Flagship Pioneering’s portfolio is concentrated.
Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 123 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.
-
USA123
-
UK2
-
Belgium1
-
Canada1
-
Health83
-
Food9
-
Energy7
-
Marketing5
-
Enterprise Software4
-
Media4
-
Telecom3
-
Transportation3
-
Chemicals2
-
Education2
-
Fintech2
-
Security2
-
Series A77
-
Series B+33
-
Seed10
-
Breakout Stage58
-
Late Growth49
-
Early Growth19
-
Mature1
Inside Flagship Pioneering’s portfolio.
The 60 highest-funded portfolio companies, of 123 tracked.
Mo
Jo
In
Sa
In
Ge
Te
Li
La
Va
De
Ed
Ce
Ha
Se
Ri
Sy
Ru
Om
Jo
Ev
Se
Av
Re
Tr
T2
Co
KS
Ka
Nu
Al
El
Ax
AV
Vi
Se
Ac
Al
Qu
Ta
Ag
Si
Am
TA
Fo
In
Co
Te
Re
BG
Se
Za
Bl
Ma
Re
He
Mo
Pr
Ve
LSWhere Flagship Pioneering’s portfolio founders come from.
93 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.
-
United States76
-
Canada2
-
United Kingdom2
-
Australia1
-
Denmark1
-
India1
-
Sweden1
-
Switzerland1
-
Massachusetts Institute of Technology11
-
Harvard University10
-
University of California, Berkeley5
-
Stanford University4
-
Yale University4
-
Cornell University3
-
Harvard Medical School3
-
University of Cambridge3
-
Boston University2
-
ETH Zurich2
-
Massachusetts Institute of Technology11
-
Pfizer4
-
Boston Consulting Group3
-
Genentech3
-
Harvard Medical School3
-
MIT-IBM Watson AI Lab3
-
Biogen2
-
BU Today2
-
Bucksurgical2
-
Flagship Pioneering2
Similar investors.
Peers the API surfaces as most similar by portfolio shape, with Dealroom investor rank and portfolio scale.








Key people at Flagship Pioneering.


