Corteva to invest $25M in Pairwise for gene editing in agriculture

Corteva and Pairwise, a technology company pioneering the application of gene editing in food and agriculture, announced a collaboration to accelerate the delivery of advanced gene editing solutions to farmers. Gene editing uses a plant’s own DNA to make precise improvements, providing growers with another critical tool to keep pace with the challenges facing food production, including those presented by climate change. Anchoring the collaboration is Corteva’s $25M equity investment in Pairwise, made under the umbrella of Corteva Catalyst, the company’s new investment and partnership platform. The investment aims to help expand the reach and benefits of gene editing to a wide variety of staple and specialty crops. In addition, Corteva and Pairwise have formed a joint venture to accelerate and expand the delivery of advanced gene edited technologies aimed at increasing crop yield for food, fuel and fiber production, despite increasing climate change. The joint venture, which spans five years, will leverage both companies’ gene editing capabilities to accelerate the delivery of gene edited products by generating and evaluating unique gene edits across multiple traits in a range of crops. This is the first joint venture and major equity investment in gene editing made by Corteva Catalyst, the company’s new investment and partnership platform.