Farmnet, the Vietnam-based trading arm of agricultural supply chain firm TechCoop, has received a $11.75 million senior secured loan from Symbiotics, a Geneva-based impact investment firm.

The financing represents the first offshore institutional loan raised by a TechCoop entity incorporated in Vietnam, TechCoop said in a release on Tuesday. The funding forms part of Singapore-headquartered TechCoop’s broader capital strategy, which includes a planned Series B equity raise later this year.

Farmnet operates as a domestic commodities trader, working with processors, cooperatives, and farming businesses across the country. The company trades a range of agricultural products, including cassava, coconut, cashew, durian, coffee, fresh fruits, and processed goods. It currently operates in 20 locations nationwide and serves more than 641 cooperatives and agricultural enterprises across Vietnam.

Farmnet will utilize the loan as working capital to support increased trading activity with its network of processors, cooperatives, and small and medium-sized agricultural enterprises.

Vietnam’s agriculture and fishery sector accounted for 11.86 percent of the country’s GDP in 2025, according to the National Statistics Office. However, access to well-capitalized trading partners remains limited for many processors and cooperatives. The country’s farming sector is highly fragmented, with around 70 percent of farms operating on areas less than 0.5 hectares.

The loan underscores the development of its agricultural supply chain platform in Vietnam, according to TechCoop. TechCoop’s parent company, TechCoop Investment & Technology, and plans to expand operations into Cambodia, Laos, and Thailand in 2026.

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