Pairwise Plants, a San Diego, CA-based agtech company, closed a $25M Series A financing.
The round was co-led by Deerfield Management and Monsanto Growth Ventures (MGV), the venture capital arm of Monsanto Company (NYSE: MON).
Led by Dr. Tom Adams, chief executive officer (CEO), and Dr. Haven Baker, chief business officer, with founders Drs. Feng Zhang, David Liu and J. Keith Joung, each a preeminent expert and inventor of gene-editing technologies, Pairwise is an agricultural company focused on using gene editing and leveraging natural diversity in agricultural crops in new ways to address global food challenges.
The company has licensed programmable base editing technology from Harvard University and will be developing new gene-editing applications that are intended to make available to a wide array of food and agriculture companies spanning row and specialty crops, fruits and vegetables.