Pairwise secures $90 million Series B for next-gen crop development of leafy greens and fruits

February 05, 2021
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Pontifax AgTech Management and Deerfield Management led the round, with participation from Temasek and Leaps by Bayer. Pairwise uses CRISPR and an omics-related discovery platform to develop production- and consumer-focused traits of fruit and leafy greens. This round allows Pairwise to grow its team and launch a new variety of mustard greens (USDA-approved) by 2022. Pairwise also develops broadacre crop traits through an ongoing $100 million collaboration with Bayer. Clients, next-generation breeding strategies like those of Inari, Benson Hill, ZeaCal, Yield10, and Tropic Biosciences continue to move products closer to market; expect players to keep discreet on how next-gen traits reach the market and their intentions for seed production.

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Further Reading

Tropic Biosciences

Company Profile | June 26, 2020

Tropic Biosciences aims to become a seed/plant company for the improvement of tropical crops, with bananas as its initial commercialization target The company applies CRISPR gene editing to perform gene knockout targeting consumer‑ and processing‑focused traits but also engages in banana ... Not part of subscription

Unfold: Bayer and Temasek's $30 million strategy toward enhancing vertical farming

News Commentary | August 14, 2020

Unfold, a joint venture (JV) between Leaps by Bayer and Temasek, will develop new seed varieties tailored to vertical farming systems with an initial $30 million investment from the pair and rights to germplasm from Bayer's vegetable portfolio. Vertical farming's expansion has remained limited to ... To read more, click here.

Yet another play toward seed development for indoor agriculture – Kalera acquires Vindara for $23.7 million

News Commentary | March 01, 2021

Kalera, vertical hydroponics developer and producer of leafy greens, microgreens, and herbs, announced its acquisition of Vindara, a pioneer in engineering seeds for indoor growing environments. Through the acquisition, Vindara will become a fully owned subsidiary of Kalera and provide Kalera with ... Not part of subscription