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- Pairwise Raises $40M to Accelerate Gene-Editing Innovations in Agriculture
Pairwise Raises $40M to Accelerate Gene-Editing Innovations in Agriculture
Slice of Agriculture Team
September 24, 2024
Key Highlights:
$40M Series C funding round led by Deerfield Management with participation from Corteva Catalyst.
Investments to scale Pairwise's gene-edited products, including seedless berries and pitless cherries.
New collaboration with Corteva to advance climate-resilient agricultural products using gene-editing technology.
Fulcrum™ Platform enables precise, accelerated crop development, addressing key agricultural challenges.
Source: Direct
Notable Quotes:
"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."
"We believe that the precision, speed, and safety of gene editing is poised to transform agriculture, and our ongoing investment reflects our confidence in Pairwise as the clear leader in this space."
"Pairwise is an obvious choice for our investment to help accelerate innovation through gene editing in fruit, vegetables, and specialty crops."
Our Take:
The latest $40M funding round solidifies Pairwise’s leadership in the gene-editing space, particularly as agriculture faces growing challenges from climate change and demands for sustainable food production. Their proprietary Fulcrum™ Platform and partnerships with key industry leaders like Corteva and Bayer showcase the potential of CRISPR technology to reshape both specialty and commodity crops, offering solutions that improve grower economics, climate resilience, and consumer experience. This move is a strong indicator that gene editing will continue to play a transformative role in addressing global food security and agricultural sustainability.