Flagship Ventures Nets $270M For 4th VC Fund

Law360, New York (January 11, 2012, 2:44 PM EST) -- Venture capital firm Flagship Ventures raised $270 million for its fourth and largest fund to continue investing in medical and clean energy technology and therapeutics, the firm said Wednesday.

Investors in Flagship Ventures Fund IV LP include pension funds, foundations and corporations, the Cambridge, Mass.-based firm said in a statement. Prior fund investors were joined by new partners, the firm said, without naming the investors.

The fund closing was higher than Flagship Ventures' $250 million goal, and comes five years after its last fundraising of $235 million in...
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