TECHCOOP has completed US$70 million Series A funding in one of Vietnam’s largest-ever funding rounds in the agritech space.
The round comprises US$28 million in equity funding and US$42 million in debt financing. The equity round was co-led by existing investors TNB Aura and Ascend Vietnam Ventures, with participation from new investors such as BlueOrchard, FMO, AppWorks and Capria Ventures.
The company plans to use the capital to strengthen its technology and expand its export infrastructure.
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Equity funding will enhance TECHCOOP’s supply chain integration and direct export capabilities, meeting the increasing demands of global buyers. Debt financing will support advanced risk control measures and robust corporate governance, which are essential for efficient scaling in international markets.
Co-founder and CEO Hao Diep said: “With this funding, we will expedite our mission to empower 2,000 agri-SMEs, 50,000+ farmer clubs, and 10 million smallholder farmers within the supply chain while promoting sustainable agricultural practices. We are enthusiastic about utilising these resources to expand our platform and strengthen partnerships to become a leading agritech company in Southeast Asia.”
Established in late 2022, TECHCOOP provides a B2B platform that delivers end-to-end solutions for export-oriented supply chains. The platform empowers agri-MSMEs and farmer clubs — vital to Vietnam’s agriculture sector — through technology enablement, product traceability, flexible payment terms and enhanced market access for commercialising agricultural goods.
Focusing on high-value crops like cashew nuts, coconut, coffee, and fresh fruits and vegetables, TECHCOOP promotes sustainable farming practices while strengthening Vietnam’s food security.
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Tuan Nguyen, co-founder and CTO of TECHCOOP, noted the company’s focus on innovation and digital technology to create a strong tech platform connecting agri-MSMEs and farmers’ clubs, including smallholder farmers, to global supply chains.
The startup claims it has already achieved profitability while sustaining a 10 per cent month-on-month growth rate. It is on track to achieve US$130 million in annualised revenue by the end of 2024, with projections reaching US$250 million by 2025 and US$400 million by 2026.
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