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.

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.

SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER