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Flagship Pioneering
Bio company-creation firm — founded Moderna
VC
Sector Specialist
📍 Cambridge, MA
Founded 2000
AUM
$19B
as of 2026-Q1
MID
Flagship Pioneering was founded in 2000 by Noubar Afeyan. Operates a company-creation model — Flagship founds the companies, then incubates and capitalizes them. Founded Moderna in 2010.
Firm Profile
Firm Type
VC
Subtype
Sector Specialist
Founded
2000
HQ
Cambridge, MA
Country
USA
Active Fund
Flagship Pioneering latest fund ($2.6B)
Notable Partners
Noubar Afeyan
Lovisa Afzelius
Avak Kahvejian
Portfolio Companies
(3)
moderna
MRNA
seres therapeutics
MCRB
indigo ag
Investment Focus
Stages
Seed · Series A · Series B
Sectors
Bio · Therapeutics · Synthetic Biology
VC
Bio Specialist
Company-Creation
Investor data reflects publicly disclosed AUM, fund sizes, and portfolio holdings as of 2026-Q1. Refreshed periodically.