FP
Flagship Pioneering
Founded 2000 · Cambridge, United States
News
Valo and Montai merge to build human-evidence drug discovery platform
Nov 11, 2026
Analysis
Founders who started two or more unicorns
Nov 5, 2026
News
Flagship Pioneering merges Cellarity, Etiome and Empress into new AI drug-discovery company Etcelera
Oct 29, 2026
Analysis
Moderna vs BioNTech: funding and investors
Sep 11, 2026
News
LOTTE Holdings backs AI drug designer Metaphore Biotechnologies
Aug 5, 2026
Flagship Pioneering’s biggest current holdings.
The most valuable companies Flagship Pioneering still holds, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Dealroom has a disclosed stake for Flagship Pioneering in only 4 companies, too few to estimate what the portfolio is worth, so stake sizes aren’t shown.
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1
Indigo
$3.5B
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2
Inari
$2.2B
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3
Tessera Therapeutics
$1.5B
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4
Lila Sciences
$1.3B
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5
Valo Health
$950M
Unicorns and thoroughbreds Flagship Pioneering has backed and still holds, at Dealroom’s latest valuation. 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.
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USA123
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UK2
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Belgium1
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Canada1
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Health83
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Food9
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Energy7
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Marketing5
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Enterprise Software4
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Media4
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Telecom3
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Transportation3
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Chemicals2
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Education2
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Fintech2
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Security2
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Series A77
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Series B+33
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Seed10
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Breakout Stage58
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Late Growth49
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Early Growth19
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Mature1
Inside Flagship Pioneering’s portfolio.
The 60 highest-funded portfolio companies, of 123 tracked.
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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.
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United States76
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Canada2
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United Kingdom2
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Australia1
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Denmark1
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India1
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Sweden1
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Switzerland1
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Massachusetts Institute of Technology11
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Harvard University10
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University of California, Berkeley5
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Stanford University4
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Yale University4
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Cornell University3
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Harvard Medical School3
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University of Cambridge3
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Boston University2
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ETH Zurich2
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Massachusetts Institute of Technology11
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Pfizer4
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Boston Consulting Group3
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Genentech3
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Harvard Medical School3
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MIT-IBM Watson AI Lab3
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Biogen2
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BU Today2
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Bucksurgical2
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Flagship Pioneering2
Similar investors.
Peers the API surfaces as most similar by portfolio shape, with Dealroom investor rank and portfolio scale.
