Flagship Pioneering
Flagship Pioneering last closed a fund in November 2023 — 36 months ago. By its own rhythm, that is inside the window where it usually raises again.
Flagship Pioneering has raised 3 times about every 37 months. The last was Flagship Pioneering Fund VIII, L.P. That points to Dec 2026 — it is inside its window now.
Historically about 1 in 4 firms in this position filed within a year. The month is approximate — how often this is right.
Mid-cycle This firm is far enough into its last fund to be investing, and too early to be raising again.
Still filing with the SEC: November 2024. That is an amendment to an existing offering, not a new fund - which is what an evergreen structure looks like in this data.
- Funds on file
- 4
- Capital raised
- $5.92B
- Latest close
- November 2023
- Based in
- MA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Flagship Pioneering Fund VIII, L.P. | November 2023 | $2.59B | 0002001180 ↗ |
| Flagship Pioneering Fund VII, L.P. | May 2021 | $2.13B | 0001805916 ↗ |
| Flagship Pioneering Special Opportunities Fund II, L.P. | December 2018 | $700M | 0001761283 ↗ |
| Flagship Pioneering Fund VI, L.P. | September 2017 | $500M | 0001716926 ↗ |
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
What Flagship Pioneering invests in
- Typical fund
- $2.13B median, growth / large fund
Service providers
- Fund administrator
- None reported — the adviser answered “no administrator” for 4 of 4 funds
- Auditor
- EY (4 funds)
From Form ADV filed by FLAGSHIP PIONEERING, LLC CRD 161864 ↗, latest filing March 2026, covering 4 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.