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  • Writer's pictureIshita Roy

Cambridge, MA-based VC raises $824M for capital pool fund

Flagship Pioneering – a life sciences-focused venture capital firm raises $824 million for the capital pool, Special Opportunities Fund II. The firm’s institutional innovation division, Flagship Labs, acts as a platform for companies to grow.

In December, a company called Moderna had the biggest IPO in the history of biotechnology, and it was backed by Flagship Pioneering.

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