Cambridge VC Flagship raises $824M for new life science investments

One of Massachusetts’ largest venture capital firms, Flagship Pioneering, has raised $824 million to fund new life science startups, it announced Wednesday.
Flagship raised the money as part of its second so-called Special Opportunities Fund. Flagship previously raised $700 million in capital in 2017, and $285 million in its first opportunities fund in 2016.
This is the firm’s eighth fund since it was founded in 1999 and brings its total funds under management to more than $3 billion