Pairwise has announced the closing of its $90 million Series B funding round.
Funding for the round was led by Pontifax Global Food and Agriculture Technology Fund (Pontifax AgTech), an investor in food and agriculture technology, and existing investor Deerfield Management Company, an investment firm dedicated to advancing healthcare through investment, information and philanthropy. Also joining the Series B round are new investor Temasek, an investment company headquartered in Singapore, and existing investor Leaps by Bayer, which invests in paradigm-shifting advances in the life sciences sector, including agriculture and health.
Through the company’s unique use of CRISPR technology, Pairwise will help build a healthier world by introducing better fruits and vegetables with improved taste, enhanced convenience, increased shelf life, improved yield, simplified harvesting, or lengthened season availability.
As a food tech company, Pairwise aims to increase con
