Boston Business Journal features Flagship’s investment in state companies
We’re a lot more than venture capital, but we do invest in and grow our community. Our $116.4 million invested into Massachusetts-based companies in our Flagship community in 2015 ranked us atop the Boston Business Journal’s list.
From their article:
Venture funding in Massachusetts businesses remained brisk in 2015, with the 23 participating firms on this year’s Boston Business Journal list of the largest venture capital firms reporting cumulative funding of nearly $773 million in Bay State companies last year. Among funding targets, technology-related businesses dominated the firms’ industry preferences.
Flagship Ventures, which ascended to the No. 1 spot on this year’s list, reported investing more than $116.4 million in 23 Massachusetts deals in 2015 — which represents a 120 percent year-over-year increase in funding for the Cambridge firm. A spokesman for the firm indicated Flagship Ventures Fund V, the firm’s largest fund since its founding in 2000, raised $587 million in 2015.
Read the full article in Boston Business Journal here.