Ho Chi Minh City, Vietnam, February 28, 2025 – TECHCOOP, a rapidly growing agritech platform in Vietnam, has successfully raised $70 million in a landmark Series A funding round, comprising both equity and debt financing. This funding marks a significant milestone in the company’s mission to digitize Vietnam’s agricultural supply chains and empower Agri-MSMEs and farmer clubs across the country.
Major Investors and Funding Breakdown
The equity round was co-led by existing investors TNB Aura and AVV, with participation from prominent new investors, including BlueOrchard, FMO, AppWorks, and Capria Ventures. The funding comprises $28 million in equity investment and $42 million in debt financing, supported by major Vietnamese banks and international debt funds.
Revolutionizing Agriculture Through Digital Innovation
TECHCOOP aims to modernize Vietnam’s agriculture sector by offering a B2B platform that enhances supply chain efficiency and provides essential services such as technology enablement, product traceability, flexible payment terms, and improved market access. The company focuses on high-value crops like cashew nuts, coconut, coffee, fresh fruits, and vegetables while promoting sustainable farming practices.
“This significant investment underscores the transformative potential of technology in agriculture. With this funding, we will empower 2,000 Agri-SMEs, 50,000+ farmer clubs, and 10 million smallholder farmers within the supply chain while promoting sustainable agricultural practices,” said Hao Diep, Co-founder and CEO of TECHCOOP.
Expanding Technology and Export Infrastructure
The newly acquired capital will be utilized to enhance TECHCOOP’s technology stack and expand its export infrastructure. Equity funding will support the company’s growth as a supply chain integrator and direct exporter, while debt financing will reinforce risk control measures and corporate governance to ensure sustainable scaling in international markets.
“We are putting more focus on innovation and digital technology to build a strong platform connecting Agri-MSMEs and farmers to global supply chains. This investment will also help us develop better tools and systems to support our partners,” said Tuan Nguyen, Co-founder and CTO of TECHCOOP.
Investor Confidence in TECHCOOP’s Growth
Since its inception in late 2022, TECHCOOP has achieved profitability while maintaining a 10% month-on-month growth rate. The company is on track to achieve $130 million in annualized revenue by the end of 2024, with projections reaching $250 million by 2025 and $400 million by 2026.
Charles Wong, Managing Partner at TNB Aura, stated, “We have been consistently impressed with TECHCOOP’s innovative approach to empowering Vietnam’s agricultural stakeholders. This funding round positions the company to accelerate its growth and strengthen its role as a leader in the agritech sector.”
Eddie Thai, General Partner at AVV, emphasized, “This is one of the largest-ever Series A financings for a Vietnamese startup, showcasing strong investor confidence. We look forward to seeing TECHCOOP unlock even more value in the agricultural ecosystem.”
Mahesh Joshi, Head of Private Equity Investments Asia at BlueOrchard, added, “TECHCOOP is uniquely positioned to address key challenges in Vietnam’s agricultural value chain. Our investment will enable the company to broaden its reach and introduce climate insurance solutions to support smallholder farmers.”
Shaping the Future of Vietnam’s Agritech Industry
TECHCOOP’s successful Series A funding round solidifies its position as a transformative force in Vietnam’s agritech landscape. With strong investor backing, an expanding digital ecosystem, and a commitment to sustainability, the company is set to revolutionize Vietnam’s agricultural sector and drive long-term growth for farmers and agribusinesses alike.