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Flagship Pioneering, a leading creator of life sciences firms, said Wednesday it has raised $824 million in venture capital to bankroll startups, the Cambridge, Mass., company’s largest-ever single fundraising effort.

The infusion of cash comes 15 months after Flagship announced a $618 million fundraising round, its largest at the time. Since Flagship was founded in 2000, the venture capital firm has raised a total of $3.3 billion in eight funds to spawn and finance biotech, medical technology, and bio-agriculture businesses.

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