Noubar Afeyan, Flagship

Step­ping out along­side ARCH's record raise, Flag­ship adds a $1.1B mon­ster fund of its own

ARCH’s un­veil­ing this morn­ing of 2 new funds bulging with $1.5 bil­lion in cash for biotech star­tups was just the first round of to­day’s ven­ture news.

Right on its heels we have an­oth­er mon­ster fund de­but­ing at Flag­ship Pi­o­neer­ing, an­oth­er big ven­ture group known for mak­ing huge bets on cut­ting-edge tech — the kind it brews up in its labs.

And this one weighs in at $1.1 bil­lion, which will op­er­ate in tan­dem with the $1.1 bil­lion in funds Flag­ship rolled out last year.

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