Pontifax Global Food and Agriculture Technology Fund (Pontifax AgTech) has led a $90 million Series B for Pairwise, a foodtech pioneer using CRISPR technology to develop better fruits and vegetables.
Joining Pontifax AgTech in this round was existing investors Deerfield Management Company, and Leaps by Bayer, along with new investor Temasek.
Founded by CEO Dr. Tom Adams and Chief Business Officer Dr. Haven Baker, with co-founders Dr. David Liu, of Harvard University, Dr. Feng Zhang, of Massachusetts Institute of Technology, and Dr. J. Keith Joung, of Massachusetts General Hospital, Pairwise is finding new ways to address global food challenges through gene-editing.
“Pontifax AgTech is pleased to co-lead this funding round for Pairwise, one of the leading companies using technology in food and agriculture today,” said Ben Belldegrun, co-founder and managing partner, Pontifax AgTech. “COVID-19 reinforces the importance of health and nutrition and Pairwise provides consumers with new options in their produce aisle.”
View the published article at Global AgInvesting.