Techcoop, a Vietnam-based integrated agritech platform, has successfully closed a $70 million Series A funding round, comprising equity and debt financing.
The firm said in a statement on Monday that the funding is comprising $28 million in equity funding and $42 million in debt financing.
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 debt financing was supported by major Vietnamese banks and international debt funds.
This funding positions Techcoop to accelerate its growth trajectory and digitize Vietnam’s agricultural value chains.
The company also plans to leverage the Series A funding to strengthen its technology stack and expand its export infrastructure.
It noted equity funding will enhance the firm’s supply chain integrator and direct exporter capacity, addressing the growing demands of global buyers.
Meanwhile, debt financing will underpin advanced risk control measures and robust corporate governance, essential for scaling efficiently in international markets.
“This significant investment underscores the transformative potential of technology in enhancing the agricultural sector,
“With this funding, we will expedite our mission to empower 2,000 agri-small and medium-sized enterprises (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 Chief Executive Officer of Techcoop.
“We are enthusiastic about utilizing these resources to expand our platform and strengthen partnerships to become a leading agritech company in Southeast Asia,” he added.
Techcoop is currently at the forefront of digital innovation in agriculture, offering a business to business (B2B) platform that provides end-to-end solutions tailored for export-oriented supply chains.
The platform empowers agri-micro, small, and medium enterprises (MSMEs) and farmer clubs — critical stakeholders in Vietnam’s agriculture sector — through comprehensive services such as technology enablement, product traceability, flexible payment terms, and enhanced market access for commercializing agricultural goods.
With a strategic focus on high-value crops like cashew nuts, coconut, coffee, fresh fruits and vegetables, the firm champions sustainable farming practices while bolstering Vietnam’s food security.
“We are putting more focus on innovation and digital technology,
“We aim to create a strong tech platform connecting agri-MSMEs and farmers’ clubs, including smallholder farmers, to global supply chains,” said Tuan Nguyen, Co-founder and Chief Technology Officer of Techcoop.
He said the firm will also invest in better tools and systems to make servicing easier for our partners.
Since its inception in late 2022, Techcoop has achieved profitability while sustaining a remarkable 10 percent 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.
“We have been consistently impressed with Techcoop’s innovative approach to empowering stakeholders across Vietnam’s agricultural value chain,
“This landmark Series A brings together a unique and synergistic combination of equity funds and debt providers, which we believe puts the firm in pole position to further accelerate growth,” said Charles Wong, Managing Partner at TNB Aura.
Eddie Thai, General Partner at AVV, noted that this is one of the largest-ever Series A financing of a Vietnamese startup, and it reflects the confidence equity and debt investors have in the team and their work to drive sustainable growth in the sector.
“We look forward to seeing Techcoop enable even more farmers and agri-businesses to unlock value in the agricultural ecosystem in Vietnam and the region,” he added.
Mahesh Joshi, Head of Private Equity Investments Asia at BlueOrchard, added that Techcoop is one of the few integrated tech platforms serving farmers and agri-SMEs in Vietnam, addressing the major constraint of access to payment terms across the agri value chain.
“Our investment will enable the company to broaden its outreach and develop climate insurance capacity to enhance the resilience of smallholder farmers in Vietnam,” he added.