Pairwise Secures $40M in Series C Funding
Pairwise, a gene editing technology focused on improving plant breeding, has closed a $40M Series C funding round led by Deerfield Management.
The company plans to use the funding to further their research in improved breeding in commodity crops. In particular, they plan to scale their product pipeline for their berries and pitless cherries. They also plan to advance their Fulcrum ™ Platform. Pairwise’s new seedless blackberry variety, announced in June, will deliver an improved eating experience for consumers and, in concert with compact architecture and thornless traits, bring added benefits to farm workers, growers, and the environment as well.
“We started Pairwise in the early days of CRISPR to accelerate innovation across agriculture, enabling the cultivation of crops that are more adaptive to climate change, and more nutritious and convenient for consumers, all while bolstering grower economics,” said Tom Adams, Pairwise Co-Founder and CEO. “This new investment will enable us to expand the impact of our proprietary Fulcrum Platform as we continue to lead this transformation with our proven ability to deliver novel solutions that address the most pressing challenges in agriculture today.”
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