Abbie Celniker (Third Rock)

Third Rock push­es newest fund over $1B line as it marks 15 years in ven­ture cap­i­tal

In 2016, Ab­bie Cel­niker was pro­mot­ed to part­ner at Third Rock Ven­tures as the firm raised just over $600 mil­lion for its fourth fund. Since then, Cel­niker has helped ush­er in an ad­di­tion­al fund and head­ed a few star­tups as in­ter­im CEO.

Com­ing on its 15th year, Third Rock Ven­tures an­nounced its sixth fund to­day — and largest one by far — at a whop­ping $1.1 bil­lion. Adding it all up, Third Rock has raised $3.8 bil­lion since its in­cep­tion. That mon­ey has gone to some 60 biotechs, much of it as ear­ly fund­ing.

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