FP
Flagship Pioneering
Venture capital firm · Founded 2000 · Active in 2026
Flagship Pioneering is a venture capital firm based in USA, founded in 2000. The page below shows 19 Power Law outcomes from Flagship Pioneering's portfolio — 14 unicorns ($1B+ valuation) and 3 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).
Outcomes are concentrated in Biotech & Life Sciences · Food · eCommerce & Marketplaces; top portfolio geographies are USA. Flagship Pioneering ranks #314 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.
Flagship Pioneering’s biggest exits.
Flagship Pioneering portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.
Flagship Pioneering’s selected top holdings.
An estimate of Flagship Pioneering’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 4 companies where Flagship Pioneering is a named shareholder, worth about $2.7B in estimated equity value.
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1
Indigo
32%
$3.5B
$1.1B
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2
Inari
33%
$2.2B
$716M
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3
Lila Sciences
42%
$1.3B
$546M
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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 cap tables on Dealroom →
The 19 Flagship Pioneering Power Law outcomes ($100M+ revenue or $1B+ valuation).
Snapshot of where the outcomes are concentrated by country, sector, and stage entered.
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USA19
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Biotech & Life Sciences17
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Food1
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eCommerce & Marketplaces1
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Series B+5
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Series A10
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Seed4
Flagship Pioneering's 19 Power Law outcomes.
How does Flagship Pioneering stack up?
Flagship Pioneering in orange, your selection in blue and other colours. Pick from the global roster of 35 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.
Share of new unicorns per year
% of global unicorns minted that year, year by year · hover the chart to see which unicornsStage focus
Companies by entry stage and outcome tierSector focus
Companies per investor across the 10 highest-volume sectorsWhere Flagship Pioneering's portfolio founders come from — and where they studied.
78 founders across the 19 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Massachusetts Institute of Technology and Tessera Therapeutics are the deepest single pipelines.
Key people at Flagship Pioneering.
Market sentiment
What the market is saying about Flagship Pioneering
An AI-synthesized read of the highest-engagement posts about Flagship Pioneering on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
In the news
Latest news about Flagship Pioneering
Recent press, funding announcements, and portfolio moves mentioning Flagship Pioneering — pulled live from Dealroom's news feed.
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